In 2023, the production value in Italy’s casting of non-ferrous metals sector was 4.75 billion euros. Forecasted data indicates a steady growth pattern from 2024 to 2028, with values predicted to increase annually reaching 4.97 billion euros by 2028. Year-on-year growth hovers slightly above or below 1% each year, while the compound annual growth rate (CAGR) for this period is minimal but stable, reflecting a consistent upward trend.
Future trends to watch for include:
- Technological advancements in casting processes and materials to enhance efficiency and reduce costs.
- Potential supply chain disruptions and how this sector adapts or innovates in response.
- Global economic influences, particularly trade policies affecting raw material availability and costs.