The forecast for employment in the Italian footwear sector indicates a continuous decline from 2024 through 2028. Starting from 69.16 thousand employees in 2024, the number is expected to decrease steadily each year, reaching 64.88 thousand by 2028. This trend reflects a year-on-year decrease ranging from around 1.57% to 1.64% annually.
The compounded annual growth rate (CAGR) over this five-year forecast period portrays an average annual decrease of approximately 1.56%. In 2023, prior to the forecast, employment stood above this level, potentially around or slightly greater than 69.16 thousand employees.
- Digital transformation in manufacturing may affect workforce needs.
- Global competitive pressures may drive further automation.
- Sustainable practices and materials could influence market dynamics.