From 2013 to 2023, the number of hours worked in the Italian Toys and Games sector fell steadily from 4.019 million to 2.9287 million, marking a significant decline of around 27%. Year-on-year variations show fluctuations, but the overall trend is downward, with notable drops in years like 2016 (-7.02%) and 2020 (-12.51%). The compounded annual growth rate (CAGR) over the last 5 years (2018-2023) is approximately -4.38%, underscoring persistent contraction.
Looking ahead, forecast data suggest a continued decline, projecting a further 20.06% reduction by 2028, with the CAGR over the next five years expected to persist at around -4.38%. Watch for potential market shifts, such as technological advancements in toys and games, demographic changes, and evolving consumer preferences, which may either exacerbate or mitigate this downtrend.
