In 2023, the number of persons employed in the repair of electrical equipment sector in Germany stood at 10.72 thousand. The forecasted data reveals a consistent upward trend in employment, increasing from 10.76 thousand in 2024 to 10.95 thousand in 2028. This represents an approximate year-on-year growth of 0.46% from 2024 to 2025 and similarly forward, with an anticipated Compound Annual Growth Rate (CAGR) of 0.54% over the five-year period from 2024 to 2028. The steady increase suggests a stable demand for repair services in the sector.
Going forward, key trends to monitor include:
- The impact of technological advancements on the demand for repair services.
- Potential skill shortages due to advancements in electrical equipment complexity.
- Regulatory changes affecting the industry workforce.