In 2023, the number of employees in Italy's manufacture of parts and accessories for motor vehicles sector stood at 91.07 thousand. Over the forecast period from 2024 to 2028, a downward trend is apparent with a projected annual decrease. The most significant changes are between 2024 and 2025 with a drop of approximately 0.84%, followed by similar declines in subsequent years. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average yearly decline of around 0.87%.
Future trends to watch for:
- The impact of automation and technological advancements on employment in this sector.
- Shifts in global supply chains and their influence on Italian automotive parts manufacturing.
- Transformation towards electric vehicle components and potential re-skilling of workforce.
