Over the past decade, the employment in the wholesale of machinery, equipment, and supplies sector in Italy has shown fluctuating trends. In 2013, there was a significant decline of 4.41%, followed by a decrease of 2.37% in 2014. The market experienced slight recovery in 2015 with a growth of 1.85%, and a marginal increase of 0.35% in 2016. Substantial growth was observed in 2017 and 2018, with year-on-year variations of 5.08% and 5.15% respectively. However, 2019 saw a decline of 1.44%, followed by modest growth rates of around 0.5% annually from 2020 to 2023.
As of 2023, employment stood at 109.64 thousand Full-Time Equivalents (FTE). The Compound Annual Growth Rate (CAGR) for the past five years is 0.091%. Moving forward, forecasts indicate a steady increase in employment with an estimated CAGR of 0.34% from 2024 to 2028, culminating in 112.0 thousand FTE by 2028.
Future Trends to Watch For: - Continued moderate growth in employment, sustained by advancements in technology and automation. - Increasing demand for skilled labor in the sector, driven by digital transformation. - Impact of global economic conditions and trade policies on the sector. - Investment in sustainable practices and green technology as a potential factor in employment growth.
