In 2024, employment in Italy's motor vehicle parts and accessories sector is forecasted at 67.77 thousand FTEs. This represents a consistent year-on-year decline, with values projected at 67.42 thousand in 2025 and decreasing gradually each year to reach 66.4 thousand by 2028. The sector has steadily declined, with an average annual decrease (CAGR) over the five-year forecast period.
Future trends to watch for include:
- Technological advancements and automation potentially reducing workforce needs.
- Shifts towards electric vehicles affecting parts demand and employment.
- Economic conditions and regulatory changes impacting manufacturing operations.
