In 2023, the European Metal Forming Machinery and Machine Tools sector was dominated by Germany with 123.79 thousand employees, followed by Italy with 41.42 thousand. Germany experienced a slight decline of 0.42%, highlighting a potential stabilization in employment. Italy, on the other hand, grew by 0.61%, indicating industry resilience. Notable growth was observed in Portugal, with a robust increase of 7.4%. Conversely, Hungary saw a significant decline of 8.56%. Macedonia experienced a remarkable surge of 23.8% after a previous low, suggesting capacity expansions or new market entrants.
Future trends should focus on emerging technologies and automation impacting workforce requirements. Considerations for environmental regulations may drive shifts in operations and employment dynamics across Europe.
Top countries in Metal Forming Machinery and Machine Tools Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 123,790 | 2023 | +0.78% | -0.42% | View data |
| 2 | 2 Italy | 41,420 | 2023 | +0.83% | +0.61% | View data |
| 3 | 3 Switzerland | 12,980 | 2023 | -1.54% | -1.25% | View data |
| 4 | 4 Czech Republic | 11,150 | 2023 | +1.27% | -1.67% | View data |
| 5 | 5 Spain | 9,260 | 2023 | +0.77% | +0.076% | View data |
| 6 | 6 Austria | 8,590 | 2023 | +2.06% | +2.47% | View data |
| 7 | 7 Poland | 6,230 | 2023 | -1.22% | -0.67% | View data |
| 8 | 8 France | 5,250 | 2023 | -2.25% | -2.26% | View data |
| 9 | 9 Romania | 3,780 | 2023 | -1.69% | -2.73% | View data |
| 10 | 10 Sweden | 2,870 | 2023 | -1.31% | -1.7% | View data |
