In 2023, Germany led the European wire products, chain, and springs sector with 36.42 thousand employees, followed by Poland at 12.21 thousand. Notable growth was observed in Romania with a significant 15.13% increase, while Germany showed a slight decline of 0.061%. Other countries like Hungary and Slovenia faced reductions in workforce by 5.7% and 8.55% respectively. Among smaller markets, Latvia and Cyprus showed robust job growth rates of 11.78% and 7.23% respectively, while Bosnia and Herzegovina and Malta had substantial declines.
Future trends to watch include:
- An anticipated shift towards automation and digitalization might impact employment levels negatively.
- Romania's increasing employment trend is set to continue, potentially leading to a more competitive position in Europe.
- Eastern European countries may experience further growth due to cost advantages, attracting more industry investments.
- The focus on sustainable and innovative manufacturing practices could drive employment shifts across markets.
Top countries in Wire Products, Chain and Springs Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36,420 | 2023 | +1.07% | -0.061% | View data |
| 2 | 2 Poland | 12,210 | 2023 | +0.19% | +0.12% | View data |
| 3 | 3 Italy | 10,650 | 2023 | -0.75% | -1.42% | View data |
| 4 | 4 France | 9,460 | 2023 | -1.74% | -0.45% | View data |
| 5 | 5 Romania | 7,620 | 2023 | +3.88% | +15.13% | View data |
| 6 | 6 United Kingdom | 6,900 | 2023 | -2.29% | -2.42% | View data |
| 7 | 7 Czech Republic | 4,730 | 2023 | +0.74% | -0.43% | View data |
| 8 | 8 Spain | 4,330 | 2023 | -1.03% | -1.46% | View data |
| 9 | 9 Netherlands | 2,560 | 2023 | +3.43% | +3.8% | View data |
| 10 | 10 Slovakia | 2,390 | 2023 | +10.5% | +1.38% | View data |
