Forecast: Number of Employees in Manufacture of Railway Locomotives and Rolling Stock Sector in Germany

In 2023, the number of employees in the manufacture of railway locomotives and rolling stock sector in Germany was recorded at 23.01 thousand. The forecast indicates steady growth from 2024 through 2028, with employee numbers expected to rise from 23.34 thousand in 2024 to 24.52 thousand in 2028. This reflects a consistent annual increase, with the year-on-year growth projected to be approximately 1.29% from 2024 to 2025 and similarly for subsequent years. The Compound Annual Growth Rate (CAGR) over this period is expected to be approximately 1.3%.

Future trends to watch for in this sector include:

  • Technological advancements in locomotive manufacturing, potentially impacting employment dynamics.
  • Shifts in environmental policies influencing demand for sustainable transportation solutions.
  • Global economic conditions affecting export markets for German railway products.
  • Investments in domestic rail infrastructure that could drive workforce expansion.

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