The domestic appliances sector in Finland has seen a consistent decline in employment numbers from 2013 to 2023, culminating in 639 employees in 2023. The trend denotes a significant annual decline, illustrated by the year-on-year variations and compounded annual growth rate (CAGR). Between 2021 and 2023, the year-on-year decrease averaged around 3.5%, with the sector experiencing a CAGR of approximately -3.26% over the last five years. The forecast for 2024-2028 predicts a continued downward trend, with a forecasted 5-year CAGR of -3.5% and a total reduction of 16.31% in employment numbers by 2028.
Future trends to watch for include technological advancements in automation and AI which could further reduce the need for manual labor. Additionally, market consolidation and potential shifts towards sustainable practices could influence employment trends in the sector. Monitoring these trends will be crucial to understanding long-term shifts in the domestic appliances industry's workforce.
