The employment in the Installation of Industrial Machinery and Equipment sector in Finland stood at 2.04 thousand FTE in 2023. Over the observed period, there has been significant fluctuation; after the highest peak in 2020 at 4.82 thousand FTE, employment figures displayed a continuous decline through 2023. Notably, the sector experienced an average decline of approximately -9.13% per year over the previous five years.

Year-on-year variations show a 10.71% drop in employment from 2022 to 2023. The forecasted data indicates a sharp downward trend, with a forecast 5-year Compound Annual Growth Rate (CAGR) of -13.82%, projecting a significant employment drop by 2028 to 0.853 thousand FTE, translating to a 52.45% decrease over this period.

Future Trends to Watch for:

Technological advancements and automation expansion potentially further impacting employment needs.
Global economic conditions and their influence on industrial investment in machinery installation.
Skills and training programs to prepare the workforce for evolving job requirements in the sector.