The employment in the manufacture of lifting and handling equipment sector in France has exhibited significant fluctuations from 2013 to 2023. As of 2023, it stands at 27.73 thousand full-time equivalents (FTEs). After a sharp decline between 2013 and 2016, the sector saw a considerable upsurge peaking in 2018. The employment experienced another downturn in 2020 due to the COVID-19 pandemic but has been recovering since, with positive year-on-year growth rates observed in the following years.
Variation analysis reveals a volatile pattern with notable highs in 2017 and 2018, and marked drops in 2019 and 2020. Over the last five years, the compound annual growth rate (CAGR) stands at 1.45%, indicating modest but positive growth. In terms of future employment projections, a consistent increase is forecasted, reaching 30.39 thousand by 2028.
Future trends to watch for:
- Technological advancements in automation and robotics which may impact labor demand.
- Potential economic fluctuations that could influence investment and development in this sector.
- Policy changes and incentives for manufacturing sectors might alter employment dynamics.
- Global market trends affecting export and import demands for lifting and handling equipment.
