In 2023, the employment in Italy's motor vehicles and motorcycles wholesale, retail trade, and repair sector stood at approximately 1.90 million full-time equivalent units. From 2024 to 2028, forecasts suggest a steady increase in employment, reaching 1.96 million units by 2028. This represents a modest growth trajectory with a compound annual growth rate (CAGR) of about 0.52% over these five years. The annual growth rate is approximately 0.52% year-on-year from 2023 through 2028, reflecting a stable labor market with incremental growth.
Future trends to watch for include:
- Technological advancements in automotive retail services.
- Increasing demand for electric vehicles, influencing skill requirements.
- Potential impacts of economic fluctuations on consumer spending within the automotive sector.
- New regulatory policies in environmental and safety standards contributing to workforce dynamics.
