The employment in the Installation of Industrial Machinery and Equipment sector in Sweden has experienced a gradual decline over the past decade. From 2013 to 2023, there was a consistent downward trend with moderate fluctuations. Notably, the years 2016 and 2020 saw significant changes with a peak in 2016, followed by a marked drop in 2020.
The sector stood at 1.78 thousand FTEs in 2023, which marks a decline of approximately 1.82% compared to the previous year. Over the last two years, employment decreased by 0.74% on average, while the five-year CAGR indicates an average decline of 3.13% annually.
Looking ahead to the forecast period from 2024 to 2028, the trend of shrinking employment is expected to continue, with a forecasted five-year CAGR of -3.47%. This translates to a projected total decrease of 16.17% over this period.
Future trends to watch for include advancements in automation and digitalization within the industrial machinery sector, which could further impact employment levels. Additionally, economic policy changes and international trade dynamics will play crucial roles in shaping the employment outlook in this industry.
