In 2023, employment in Germany's motor vehicle manufacturing sector stood at 580,000 FTEs. Forecasts predict a steady increase from 587,180 FTEs in 2024 to 615,590 FTEs in 2028.
Year-on-year growth rates are projected as follows: 1.23% from 2024 to 2025, 1.20% from 2025 to 2026, 1.18% from 2026 to 2027, and 1.15% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to average 1.19%.
Future trends to watch include advancements in electric vehicle technology, regulatory shifts, and potential impacts of automation and AI. These factors will likely influence employment dynamics in the motor vehicle manufacturing sector.
