The fluid power equipment sector in Belgium has experienced notable fluctuations in employment over recent years. In 2023, the number of employees stood at 453, reflecting a gradual decline with frequent year-on-year variations such as a decrease of 1.74% from 2022. The last five years show an average annual decline (CAGR) of 0.61%. This reduction is anticipated to continue, with forecasts indicating a further drop to 414 employees by 2028, carrying an average annual decline of 1.43% over the next five years.
Future trends to watch for in the fluid power equipment industry include potential technological advancements, shifts in industrial demands, and macroeconomic factors that could influence employment levels. Companies may need to adapt to automation and evolving skill requirements to stabilize or reverse the employment decline.
