In 2023, the hours worked by self-employed individuals in Italy's electrical equipment manufacturing sector stood at approximately 13.05 million hours. The forecast from 2024 through 2028 shows a declining trend with a decrease from 12.26 million hours in 2024 to 9.31 million hours in 2028. This signifies a year-on-year reduction of 6.1% in 2025, 6.3% in 2026, 6.9% in 2027, and 7.3% in 2028. The compound annual growth rate (CAGR) over this period highlights an average annual decrease of 6.5%.
Future trends to watch for include technological advancements and automation, which may further reduce the demand for self-employed labor in the sector. Additionally, shifts in global supply chains and economic policies could impact sector dynamics and self-employment rates.
