The number of high growth enterprises in air transport in Italy stood at 17 units in 2023. Over the past decade, the sector has experienced significant fluctuations. From a high of 37 units in 2013, the number dropped to just 5 units in 2020, marking the largest year-on-year decline at -82.76% due to the pandemic's impact. Recovery began in 2021 with an increment of 120%, and a steady gradual rise is observed through 2023.
Year-on-year variations illustrate this volatility, with significant declines in 2016 and 2020, but considerable recovery in 2017, 2021, and 2022. The overall five-year CAGR from 2019 to 2023 shows an average annual decrease of -3.2%.
Looking forward, the forecast for 2024 through 2028 shows a consistent number of high growth enterprises around 15-17 units, indicating a stabilization period but with a slight declining trend. The forecasted five-year CAGR from 2023 to 2028 is -2.47%, suggesting a modest contraction in the sector.
Future trends to watch for include the industry's adaptation to sustainability practices, advancements in digital technology for operational efficiency, and potential shifts in demand for air travel post-pandemic. Monitoring these factors will be integral to understanding the sector's trajectory.
