Based on the forecasted data from 2024 to 2028, the number of persons employed in the lifting and handling equipment sector in Belgium is expected to decrease steadily. Specifically, employment will drop from 1.19 thousand employees in 2024 to 0.665 thousand employees by 2028.
The year-on-year percentage variation illustrates a gradual decline: 2025 (-10.92%), 2026 (-12.65%), 2027 (-14.15%), and 2028 (-16.35%). The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 translates to a meaningful average yearly reduction in employment.
Future trends to watch for include potential technological advancements such as automation and robotics, which could further streamline operations and reduce dependency on human labor. Additionally, economic factors and industry-specific developments could influence employment projections in this sector. Monitoring policy changes, market demand, and global trade conditions will be essential to understanding further shifts in employment trends.
