Forecast: Number of Persons Employed in Casting of Iron and Steel Sector in Italy

The number of persons employed in the casting of iron and steel sector in Italy is forecasted to decline from 7.96 thousand in 2024 to 7.13 thousand by 2028. This shows a downward trend, with a year-on-year percentage decrease of approximately 2.64% on average. Given this decline, the sector is expected to reduce its workforce at a compounded annual growth rate (CAGR) of about -2.17% over the five-year period starting from 2023.

Future trends to watch for include:

  • Technological advancements and automation potentially accelerating workforce reductions.
  • Global demand fluctuations impacting employment needs.
  • Government policies or investments in sustainability potentially influencing sector growth or transformation.

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