The employment in the installation of industrial machinery and equipment sector in Spain has shown a consistent growth pattern over the past decade. Starting from 12.53 thousand FTEs in 2013, the sector grew steadily to reach 16.05 thousand FTEs by 2023, marking an average annual growth of approximately 2.27% over the last two years. Notably, the sector experienced a significant surge in 2018 with a 12.35% year-on-year increase, and a slight drop in 2021 due to a 4.29% decline. However, it rebounded quickly in subsequent years.

Looking forward, the forecasted data suggests a continued upward trajectory with an anticipated growth to 17.77 thousand FTEs by 2028, implying a projected 5-year CAGR of 1.62%. This indicates a stable and gradual increase thereafter.

Future trends to watch for:

Technological advancements and automation which could influence the demand for skilled labor.
Continued investment in industrial sectors driving further employment opportunities.
Potential impacts of economic fluctuations and regulatory changes on the sector.