The rubber tyres and tubes manufacturing sector in Italy is projected to experience a gradual decline in the number of employees from 2024 to 2028, moving from 9.78 thousand employees in 2024 to 9.01 thousand in 2028. Comparatively, the decrease was more pronounced during the recent years, with a year-on-year reduction rate of around 2% annually. Observing the compound annual growth rate (CAGR) from 2024 to 2028, the sector is anticipated to shrink at an average rate of approximately 2% per year.
Looking ahead, major trends to watch include shifts in demand for tyres stemming from changes in consumer preferences towards sustainable products, regulatory developments pushing for greener manufacturing practices, and potential advancements in tyre technology which could influence workforce requirements. Efficient adaptation to these trends will be critical for the sector's competitiveness.
