The employment in Italy's Urban and Suburban Passenger Land Transport Sector has been showing a declining trend. In 2023, employment stood at 58.1 thousand FTEs, marking a decrease from previous years. From 2013 to 2023, the sector experienced varying year-on-year changes, peaking in 2020 with an 8.84% drop. The five-year CAGR from 2018 to 2023 was -3.04%, indicating a consistent decrease in employment.
Looking forward, the forecast continues to show a decline, with a projected employment of 49.5 thousand FTEs by 2028. The five-year CAGR for the 2024-2028 period is projected at -2.56%, registering a total decrease of 12.15% over these years.
Future trends to watch for include potential impacts of automation and digitalization in transport, changes in commuter behavior post-pandemic, and shifts in government policies towards sustainable and smart mobility solutions. Addressing these factors may help mitigate the declining employment trend in this sector.
