In the Manufacture of Fluid Power Equipment sector in Germany, employment stood at 60.0 thousand employees in 2023. Forecasts indicate a steady increase in the number of persons employed from 61.15 thousand in 2024 to 66.02 thousand by 2028. The year-on-year percentage growth is consistent, with significant increments observed annually. From 2024 to 2025, there's a growth of approximately 2.03%, and following a similar trend, 2026, 2027, and 2028 display year-on-year increases of around 1.96%, 1.90%, and 1.85% respectively. The compound annual growth rate (CAGR) over these five years is approximately 2.0%.
Future trends to watch for include:
- Technological advancements in manufacturing processes.
- Demand fluctuations based on global economic conditions.
- Potential investments in automation and its effect on employment.
- Trends in renewable energy and sustainability impacting fluid power solutions.
