In 2023, the number of persons employed in the watches, clocks, and jewellery repair sector in Italy was quantified as a base reference from which forecasts are derived. Over the forecast period from 2024 to 2028, employment figures display a steady slight decline, with values moving from 1.76 thousand in 2024 to 1.74 thousand in 2028. This indicates a year-on-year decrease of approximately 0.6% by 2027-2028. The CAGR over the five-year period suggests minimal shrinkage in employment opportunities, emphasizing this as a sector potentially facing a gradual reduction in workforce demand.
Looking ahead, key trends to watch for include:
- Technological advancements pushing the sector towards more automated repair solutions.
- The impact of increased consumer preference for smartwatches, potentially diminishing demand for traditional timepiece repairs.
- Strategic maneuvering toward luxury watches and bespoke jewellery services which may stabilize or diversify employment opportunities.
