Between 2013 and 2023, the manufacture of games and toys sector in Italy exhibited a fluctuating turnover. The sector experienced its highest turnover in 2016, with notable declines in several other years, especially from 2018 onwards. The actual turnover in 2023 stood at 476.7 million euros, continuing a downward trend observed over the past few years. The year-on-year variation for the years 2022 and 2023 witnesses a decline of 3.44% and 3.54% respectively, while the compound annual growth rate (CAGR) over the past five years shows a drop of 1.59% annually from 2018 to 2023.
Looking ahead, the forecasted data until 2028 points to a continued decline in the sector's turnover. Future projections indicate a five-year CAGR of -3.12% and an overall drop of 14.67% by 2028, suggesting persistent challenges ahead.
Future trends to watch for include:
- An increased focus on digital and interactive gaming offerings that could influence traditional toy sales.
- Potential regulatory changes in the European market impacting manufacturing practices.
- Shifts in consumer behavior towards sustainable and eco-friendly products.
