In 2023, the actual employment in Italy's manufacture of engines and turbines sector stood at approximately 10.49 thousand employees. The forecast for the subsequent years shows a decline: 10.02 thousand in 2025, decreasing annually to 8.64 thousand by 2028. This consistent downturn reflects year-on-year percentage decreases, with significant declines over the period. The calculated CAGR from 2024 to 2028 underlines an average annual reduction in employment, indicating a shrinking workforce in the sector.
Future trends to watch for:
- Technological advancements and automation leading to workforce reductions.
- Potential shifts in industrial focus due to energy transitions impacting employment levels.
- Global economic conditions affecting manufacturing demand and consequently employment.