The employment in the manufacture of games and toys sector in Italy has experienced a consistent decline over the past decade. From 2013 to 2023, the sector saw a drop from 2.04 thousand full-time equivalents (FTEs) to 1.48 thousand FTEs, translating to an average yearly contraction (CAGR) of -4.36%. Even with brief periods of year-on-year growth, such as in 2014 (+1.13%) and 2017 (+3.68%), the overall trajectory has been downward, exacerbated by significant decreases in 2020 (-12.57%) and consistently negative variations thereafter.
Looking forward from 2024 to 2028, the trend shows a continued decline, with forecasted employment reducing to 1.12 thousand FTEs by 2028. This projection implies a forecasted 5-year CAGR of -4.45% and a total decline of approximately 20.36% during this period.
Future trends to watch for in this sector include the potential impact of technological advancements, shifts in consumer preferences towards digital gaming, and increased global competition. These factors might influence employment levels, perhaps leading to further declines or a shift towards more tech-focused employment within the sector.
