The employment figures in the Toys and Games sector in Italy have shown a decreasing trend from 2013 to 2023, with the number of employees reducing from 2.86 thousand in 2013 to 1.99 thousand in 2023. This equates to a year-on-year decline of 4.78% in 2023. The period has been marked by fluctuating yearly variations with significant drops, especially between 2016-2017, and a consistent decline from 2019 onward. Over the last five years, the employment rate experienced an average annual decrease (CAGR) of 5.2%. The forecast data from 2024 to 2028 shows a continued decline with a forecasted 5-year CAGR of -4.44% and an overall drop of 20.3% by 2028.
Future trends to watch for include potential automation within the industry, the impact of e-commerce, and shifting consumer preferences towards digital games which could further impact employment rates. Policymakers and leaders in the Toys and Games sector should pay attention to these disrupting trends to strategize appropriately.
