Between 2013 and 2023, the number of persons employed in the musical instruments sector in Sweden has shown a general declining trend. Starting from 188 employees in 2013, there was a peak growth of 8.67% that year but employment numbers have consistently decreased in the following years to 162 employees in 2023, marking a year-on-year decline of 1.22% for 2023. The sector experienced a negative compound annual growth rate (CAGR) over the last five years, with an average yearly drop of -1.08% up to 2023.

Over the forecast period from 2024 to 2028, employment in this sector is expected to continue declining, with a forecasted 5-year CAGR of -0.5%, reaching 157 employees in 2028. Key future trends to watch for include:

Potential market consolidation and efficiency-improving technologies, further impacting employment.
Shifts in consumer demand toward electronic and digital musical instruments, possibly reducing the need for traditional manufacturing jobs.
Global economic factors and trade agreements influencing production costs and employment levels.