As of 2023, the sector employed approximately 36.9 thousand full-time equivalents. From 2024 onward, forecasts indicate a gradual decline in employment by about 1.52% annually, leading to a cumulative decrease of nearly 7.6% by 2028. This trend reflects industry challenges such as automation, technological advancements, and potential shifts in global demand for forged metal products.
Future trends to watch for:
- Increasing automation and its impact on job numbers.
- Potential shifts in demand due to economic or geopolitical factors.
- Adoption of advanced technologies driving productivity in the sector.
- Environmental regulations influencing industry practices and employment.
