In 2023, the employment in the Manufacture of Structural Metal Products sector in Germany stood at 190.01 thousand full-time equivalents. Over the previous two years, the sector saw a year-on-year variation of 1.3% in 2022 and 1.27% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 is modest, reflecting relative stability but low growth in the sector.
Future projections indicate a positive trend, with employment expected to reach 201.57 thousand by 2028. The forecasted 5-year CAGR is 0.94%, suggesting a steady but slow growth rate of 4.78% overall.
Trends to watch for:
- Technological advancements and their impact on employment.
- The influence of economic conditions on the manufacturing sector.
- Policy changes related to industrial production and labor market dynamics.
