The employment in the Manufacture of Fluid Power Equipment sector in Italy shows an overall upward trend over the data period, rising from 13.11 thousand Full-Time Equivalents (FTE) in 2013 to 16.96 thousand FTE in 2023. The sector experienced fluctuations with notable increases in 2015 (8.93%), 2018 (6.29%), and 2019 (9.27%), and minor declines in other years. The Compound Annual Growth Rate (CAGR) over the last five years was 3.46% in 2023. Forecasts indicate a continued growth trajectory, with projected employment reaching 19.23 thousand FTE by 2028, reflecting a 5-year CAGR of 1.99% and an overall 5-year growth rate of 10.35%.
Future trends to watch for:
- Potential technological advancements and automation impacting productivity and employment rates.
- The influence of global economic conditions on manufacturing demand and labor requirements.
- National policy changes in industrial manufacturing and workforce development initiatives.
