In 2023, the cutlery, hand tools, and general hardware manufacturing sector in Italy employed approximately 46.50 thousand people. Forecasts show a slight downward trend, indicating a gradual decline over the period from 2024 to 2028. The number of employees is expected to decrease from 46.36 thousand in 2024 to 45.83 thousand in 2028. Year-on-year variations reveal a consistent decline, with a compound annual growth rate (CAGR) reflecting a moderate decrease in employment over these five years.
Future trends to watch for:
- Technological advancements potentially affecting labor demand.
- Changes in international trade policies impacting production and employment.
- Shifts in consumer demand for products driving sector adjustments.
