The employment in the floor and wall covering sector in Italy has shown a general declining trend from 2013 to 2023, with a notable reduction from 39.31 thousand employees in 2013 to 32.21 thousand in 2023, which is approximately a 17.9% drop over the decade. The year-over-year variation has been mostly negative, signaling a continuous contraction in the sector's workforce. Specifically, the last two years showed a subtle decrease, with -0.33% in 2022 and -0.32% in 2023. The Compound Annual Growth Rate (CAGR) over the past 5 years (2018-2023) demonstrates a minimal decline of -0.5% per year. Future forecasts indicate that this trend will likely persist, though at a slower rate, with the number of employees expected to decrease slightly to 31.7 thousand by 2028.
Future trends to watch for:
- Continued technological advancements and automation, potentially reducing the need for manual labor.
- Economic factors and construction industry performance affecting demand for floor and wall covering services.
- Policy changes and labor market reforms that could impact employment levels.
