The employment in the maintenance and repair of motor vehicles sector in Italy has shown variability over the past decade. Employment decreased significantly from 2013 to 2014, followed by some recovery and growth up till 2019, which marked a slight decline just before the sharp drop in 2020. This dip was potentially influenced by the COVID-19 pandemic. However, the sector demonstrated resilience with a robust recovery in 2021 and continued modest growth through 2023. As of 2023, employment stood at 82.47 thousand full-time equivalents.
Year-on-year variations indicate the recovery from the 2020 downturn was strong in 2021 at 14.2%, continuing with about 5.03% in 2022. However, 2023 saw a slight decline of 0.22%, suggesting stabilization. Over the last five years, the Compound Annual Growth Rate (CAGR) was -0.7%, reflecting the sector's overall stability despite short-term fluctuations.
Forecasts from 2024 to 2028 show slight annual declines with a five-year forecasted CAGR of -0.17%. It suggests a maturity phase in the sector, with employment anticipated to maintain a closer balance rather than significant growth or decline.
Future trends to watch for include:
