Employment in Germany’s manufacture of fluid power equipment sector demonstrated significant fluctuations from 2013 to 2023, reaching 57.57 thousand Full-Time Equivalents (FTEs) in 2023. Notable year-on-year variations include a sharp increase of 27.15% in 2019 followed by a steep decline of 27.48% in 2020. The period from 2013 to 2023 shows an overall mixed trend with periods of both growth and contraction. Over the last two years (2022-2023), the sector has experienced an average increase of 8.05%. The Compound Annual Growth Rate (CAGR) over the last five years is 2.8%.

Future trends to watch for:

The sector is projected to grow consistently, reaching 63.34 thousand FTEs by 2028.
Employment is expected to exhibit a forecasted 5-year CAGR of 1.52%, with an overall growth of 7.82% from 2024 to 2028.
Technological advancements and automation may play a key role in shaping employment trends.