In 2023, the number of employees in the electrical equipment sector in Turkey stood at 204 thousand. From 2014 to 2023, the industry showed varied growth with noticeable fluctuations. The employee count has generally increased, albeit with some dips, such as in 2019 when there was a significant decline followed by modest recoveries. Year-on-year growth has averaged around 0.91% over the last five years, indicating a moderate upward trend.
Future trends to watch for:
- Gradual growth in employment with a projected CAGR of 0.48% from 2024 to 2028
- Potential impacts of automation and digital transformation on employment dynamics
- Influence of economic policies and market demands on workforce expansion