The sold production of aircraft and spacecraft repair and maintenance in Italy has demonstrated significant fluctuations over the years. Between 2013 and 2023, the values expressed in Million Euros, ranged from €126.44 million to €320.01 million in 2023. After initial growth from 2013 to 2014, there were periods of decline and recovery, including notable dips in 2018 and 2020.
The year-on-year variation for the last two years (2022 and 2023) shows the values decreased by 3.13% in 2022 but then increased by 13.23% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 11%, highlighting a substantial average yearly growth during this period.
Looking ahead, the forecasted data from 2024 to 2028 predicts continued growth at a CAGR of 5.17%, reaching €444.5 million by 2028. The estimated five-year growth rate stands at 28.69%, suggesting a steady upward trend.
Future trends to watch for include advancements in technology affecting repair and maintenance processes, potential policy changes within the aerospace sector, and economic factors that could impact the growth trajectory. Monitoring these elements will be critical for staying ahead in the industry.
