The employment in the Manufacture of Fluid Power Equipment sector in France has shown a steady decline from 2013 to 2023. The employment, which stood at 8.23 thousand FTEs in 2013, decreased to 4.03 thousand FTEs by 2023. Over the years, the maximum year-on-year drop occurred in 2018, falling by 20.6%. The Compound Annual Growth Rate (CAGR) over the last five years reveals an average decline of -5.18% per year. Moving forward, the forecast predicts a continued decline, with the employment expected to fall to 3.56 thousand FTEs by 2028, representing a 1.81% annual contraction over the next five years.

Future Trends to Watch For:

Technological advancements leading to automation and efficiency improvements
Shifts in global manufacturing hubs affecting domestic employment
Changes in regulatory policies impacting industrial production standards
Environmental sustainability trends influencing equipment upgrades and industry practices