The employment in the Manufacture of Lifting and Handling Equipment sector in Germany stood at approximately 94.1 thousand Full-Time Equivalents (FTEs) in 2023. Forecasted data indicates a steady year-on-year growth from 2024 to 2028, with values expected to rise from 95.8 thousand FTEs in 2024 to 102.77 thousand FTEs in 2028. The year-on-year percentage increase marks a consistent upward trend over these years. The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is around 1.7%, indicating moderate but steady growth in employment within this sector.
Future trends to watch for include:
- Advancements in automation and robotics which might impact the growth rate.
- Government policies and incentives fostering manufacturing innovations.
- Global economic conditions influencing both demand and supply chains.
- The sector’s response to sustainability and environmental regulations.
