The European locks and hinges sector shows diverse employment trends across countries. Germany leads with 46K employees, despite a slight decline from last year. Austria, Italy, and Spain exhibit modest employment growth, whereas France faces a significant downturn. Robust employment growth is apparent in Slovakia, Portugal, and Sweden, while Denmark and Greece see marked declines. Eastern European countries, such as Romania and Slovenia, demonstrate steady employment trends, outperforming other emerging markets in this industry. Over the last five years, notable growth patterns point to increasing employment stability, although some larger economies are experiencing contractions.
Future trends to watch include:
- Potential employment growth in Eastern Europe fueled by increased local and export demand.
- The impact of technological advancements on employment structures, potentially reducing labor needs.
- Increasing consolidation among major players, potentially influencing employment figures across smaller markets.
- The role of sustainability trends, which may redefine manufacturing processes and employment needs.
Top countries in Locks and Hinges Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46,430 | 2023 | +0.33% | -0.29% | View data |
| 2 | 2 Austria | 10,900 | 2023 | +0.3% | +0.55% | View data |
| 3 | 3 Italy | 7,980 | 2023 | -1.16% | +0.26% | View data |
| 4 | 4 Spain | 7,230 | 2023 | +1.22% | -0.15% | View data |
| 5 | 5 Poland | 6,540 | 2023 | +0.49% | -0.052% | View data |
| 6 | 6 France | 6,100 | 2023 | -2.93% | -3.64% | View data |
| 7 | 7 Slovakia | 5,400 | 2023 | +0.7% | +3.75% | View data |
| 8 | 8 Portugal | 4,110 | 2023 | +10.35% | +8.1% | View data |
| 9 | 9 Romania | 2,640 | 2023 | +1.21% | +0.71% | View data |
| 10 | 10 Sweden | 2,240 | 2023 | +2.23% | +7.43% | View data |
