From 2013 to 2023, the wages and salaries in the Doors and Metal Windows sector in Sweden have shown considerable variability. Starting at 115.2 million euros in 2013, it displayed a notable upward spike, peaking in 2015 at 119.2 million euros. Subsequent years varied, with 2017 showing a noticeable dip to 108 million euros, followed by a slight recovery and another decline, setting at 107.5 million euros in 2023.
The sector observed various year-on-year fluctuations, exhibiting sharp declines and mild recoveries. Most notably, the sector experienced a decline of 9.47% in 2017 and nearly 9% in 2020. The CAGR from 2019 to 2023 reveals an overall negative trend at -0.37%, indicating a slight contraction of the market over these five years.
From 2024 onwards, projections forecast a steady but modest growth with the CAGR anticipated to be around 0.31% over the next five years. By 2028, wages are expected to reach approximately 109.7 million euros, reflecting a cumulative increase of 1.57% over the forecast period.
Future trends to watch for:
- Potential impact of technological advancements and automation in the manufacturing process.
- Influence of economic policies and labor market regulations on wage structures.
- Shifts in demand for construction and renovations that affect the industry.
- Inflation rates and their consequent effect on wage adjustments and purchasing power.
- Global economic conditions impacting exports and imports related to the sector.
