The production value for machinery associated with mining, quarrying, and construction in Italy is forecasted to gradually decline from 3.6 billion euros in 2024 to 3.18 billion euros by 2028. Compared to an actual figure from 2023, which stood at 3.7 billion euros, the industry shows a year-on-year decrease commencing in 2024. Notably, this projection signifies a consistent downward trend, with an anticipated compound annual growth rate (CAGR) reflecting a marginal decline over the five-year period.
Future trends to watch for include:
- Technological advancements in machinery that could potentially revive or stabilize production value.
- Policy changes and investment in sustainable construction that may influence demand.
- Global economic factors affecting export opportunities and supply chains.
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