As of 2023, the Floating Structures Building and Shipbuilding sector in Germany recorded approximately 22.73 million hours worked. The forecasted data indicates a consistent decline in hours worked from 2024 onwards, with values projected at 22.496 million in 2024 and progressively decreasing to 20.679 million by 2028. This downward trend reflects a gradual annual decrease over this period.
Between 2023 and 2024, there is a minor dip, but from 2024 to 2028, the year-on-year reduction becomes evident, with an approximate annual compound annual growth rate (CAGR) signifying a steady shrinkage of the workforce's engagement in this sector.
Future trends to watch for include:
- Technological advancements that may increase efficiency, possibly offsetting the decline in hours worked.
- Economic or policy shifts impacting demand for new shipbuilding projects or maintenance of existing structures.
- Potential market diversification or investments in alternative energy solutions within the maritime sector.