Between 2013 and 2023, the hours worked in the doors and metal windows sector in Italy experienced a consistent decline. Beginning at 85.037 million hours in 2013, the figure decreased nearly every year, reaching 48.308 million hours by 2023. The most noticeable annual drop occurred in 2019 with a decrease of 14.74%. The Compound Annual Growth Rate (CAGR) underscores this downward trend, reflecting average annual declines, with a significant drop of -8.21% in the five years leading to 2023.
Projected forecasts from 2024 onwards suggest a continuing sharp decline, with the hours worked expected to drop to 23.445 million by 2028. The forecasted five-year CAGR is a steep -11.52%, reflecting an almost halving of hours worked within this period.
Future trends to watch for include potential technological advancements and shifts toward automation which may further reduce the need for labor. Economic factors, regulatory changes, and market demand will also play crucial roles in shaping the industry's labor requirements.
