As of 2023, the number of persons employed in the motor vehicle manufacturing sector in Germany stood at 596.13 thousand. Forecasts indicate a steady growth in employment from 2024 to 2028, with a year-on-year increase ranging between 1.25% and 1.21%. The projected compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.24%, reflecting a gradual and consistent rise in employment.
Future trends to watch for:
- Impact of technological advancements such as automation and electric vehicle manufacturing on employment needs.
- Potential shifts in global automobile demand affecting production levels.
- Policy changes related to climate initiatives and their effects on the sector.