The number of iron casting enterprises in Italy is set to decline from 103 in 2024 to 88 by 2028, marking a significant downward trend. This represents a reduction of approximately 14.6% over the five-year forecast period, with a compounded annual growth rate (CAGR) of roughly -3.9%. Year-on-year, the industry is anticipated to shrink by around 3-4%, highlighting ongoing consolidation pressures.
Future trends to watch for include:
- Increased automation and technology integration, potentially leading to further consolidation.
- Regulatory changes related to environmental standards impacting operational capacities.
- Market shifts due to evolving demand in global supply chains and industries utilizing iron casting.