The turnover for machinery in mining, quarrying, and construction in Italy is on a forecasted declining trajectory from 2024, starting at 3.65 billion euros, and reaching 3.37 billion euros by 2028. This marks an average annual reduction in CAGR over the five years. In 2023, the sector held a higher position, emphasizing a consistent downturn beginning in 2024. Year-on-year percentage decline reflects this decreased activity, suggesting a need for strategic shifts within the industry.
Future trends to monitor include:
- The adoption of automation and advanced technologies, potentially reversing or mitigating declines.
- Government policies affecting infrastructure and construction investment.
- Global commodity prices influencing demand for machinery exports in mining and quarrying.
