Between 2013 and 2023, the installation of industrial machinery and equipment turnover in Italy shows a notable decline. 2013 saw a turnover of 7.28 billion euros, decreasing to 5.07 billion euros in 2023—a drop of about 30%. The highest value was in 2013, and the notable fluctuations during this period included a significant rise in 2019 (+11.9%) followed by a steep decline in 2020 (-19.44%) due to pandemic impacts. The average yearly decline (CAGR) over the last five years is 5.17%.
Looking into the future, the forecast from 2024 to 2028 indicates a continued downturn with a projected decline to 3.89 billion euros by 2028. This represents a 4.23% CAGR reduction with an overall 19.44% decline in the five-year period.
Trends to watch for include:
- Technological advancements and their impact on machinery installations.
- Economic recovery measures and potential investment boosts.
- Shifts in global supply chains and their effects on the Italian market.
