The number of employees in the Electrical Equipment Manufacturing sector in France was 75 thousand in 2023. Over the past decade, a substantial decline from 87 thousand in 2013 represents a general downward trend in employment, with fluctuations such as the minor increase in 2019. From 2021 to 2023, the workforce saw an average decline, supporting the long-term negative CAGR trend of -1.02% in 2021 and -0.78% in 2023. Forecasts from 2024 suggest a continued decline, reaching 72 thousand by 2028, with a forecasted 5-year CAGR of -0.55% and a total decrease of approximately 2.7% within that period.
Future trends to watch for include:
- Technological advancements in automation and Industry 4.0, potentially reducing manpower dependency.
- Economic and policy shifts that could impact industrial activities and employment rates.
- Global supply chain stability, particularly in the context of geopolitical developments.
- Environmental regulatory changes influencing manufacturing processes and workforce requirements.