The employment in the manufacture of electric lighting equipment sector in France has seen a significant decline over the past decade. Starting from 14.43 thousand full-time equivalents in 2013, it has fallen to 6.67 thousand in 2023, showing a persistent downward trend. Over the last two years, the sector experienced a year-on-year decline of 7.02% in 2022 and 7.48% in 2023. The compound annual growth rate (CAGR) for the last five years is -6.04%, indicating a consistent reduction in employment.
Looking forward, the forecast suggests a continued decrease in employment, dropping to 4.05 thousand full-time equivalents by 2028. This results in a forecasted 5-year CAGR of -7.96%, which translates to a 33.94% decline over the period.
Future trends to watch for include advancements in automation, shifts towards energy-efficient lighting technologies, and potential market consolidation, which could further impact employment levels in this sector.
