Employment in Transportation and Warehousing in Italy has shown a steady increase from 2013 to 2023, reaching 988.3 thousand units in 2023. The period from 2013 to 2016 experienced an annual average growth rate (CAGR) of 0.68%, with a notable peak growth rate of 4.08% in 2016. The trend continues upward, albeit at a decelerating pace, with the CAGR gradually declining from 2.08% in 2019 to 0.74% by 2023. Annual variations reflect this slowdown, dropping from 0.94% in 2019 to 0.71% in 2023. Looking ahead, the forecast shows a continued, albeit modest, increase, with projections reaching 1020.0 thousand units in 2028 and a forecast 5-year CAGR of 0.52%.
Future trends to watch for include:
- Technological advancements such as automation and digitalization potentially affecting job growth rates.
- Policy shifts and their impacts on employment regulations in the transportation and warehousing sectors.
- Market demand changes driven by e-commerce growth and shifts in domestic and international trade dynamics.