In 2023, the number of persons employed in the Motor Vehicles and Motorcycles Wholesale, Retail Trade, and Repair sector in Italy was approximately 3.79 million. The forecasted data shows a steady yet slight increase, reaching 3.84 million by 2028. This reflects a year-on-year growth of approximately 0.26% from 2024 to 2028.
The compound annual growth rate (CAGR) over the next five years is modest, averaging around 0.26% annually. This indicates a stable labor market without significant expansion.
Future trends to watch for include:
- Technological advancements in the automotive industry influencing job roles and skill requirements.
- The impact of electric vehicle adoption on employment dynamics within the sector.
- Potential economic or policy changes affecting the growth trajectory in the wholesale and retail automotive sectors.