In 2024, the employment in Italy's electrical equipment and electronics sector is expected to be 133.88 thousand employees, with a gradual decline projected over the following years. By 2028, employment is forecasted to drop to 121.0 thousand, outlining a clear downward trend. This shift reflects an average annual decrease (CAGR) over the five-year period. The sector is anticipated to experience annual reductions in the workforce, indicative of possible efficiencies, automation, or shifts in industry demands.
Future trends to watch for:
- Impact of automation and digital transformation on labor demand.
- Increasing global competition potentially intensifying the pressure on local employment.
- Potential for government policies to bolster domestic employment and technological adaptation.
- Shift in skill requirements prompting workforce upskilling and reskilling.