In 2023, the retail sector in Germany, excluding motor vehicles and motorcycles, employed approximately 2.9 million individuals. Forecasts for 2024 suggest a marginal increase to 2.9 million, maintaining similar levels through to 2028. The year-on-year variation between 2024 and 2025 is projected at a slight increase of about 0.34%, stabilizing from 2025 onwards. Over the past two years, the Compound Annual Growth Rate (CAGR) reflects a stable market environment with minimal fluctuations expected through the forecast period.
Future trends to watch for include:
- The impact of digital transformation and automation on employment numbers.
- Shift in consumer preferences towards e-commerce and its effects on traditional retail employment.
- Regulatory changes and economic conditions influencing the broader retail environment.