In 2023, the number of persons employed in the manufacture of motor vehicles, trailers, and semi-trailers sector in Italy was robust, serving as a foundation for the projections from 2024 onwards. The forecast indicates a gradual decline in employment numbers from 170.62 thousand employees in 2024 to 168.42 thousand by 2028. This represents a continuous decrease with the Compound Annual Growth Rate (CAGR) showing a small negative trend.
Future trends to watch for include:
- Technological advancements in manufacturing processes, potentially affecting labor demand.
- Global economic factors and trade policies influencing the automotive sector.
- The transition towards electric vehicles and its impact on employment in traditional vehicle manufacturing.