The employment in the Installation of Industrial Machinery and Equipment sector in Italy saw significant fluctuations over the period from 2013 to 2023. The number of full-time equivalents dropped from 36.19 thousand in 2013 to 29.71 thousand in 2020, showing a declining trend with intermittent rises. However, from 2021 onwards, the sector has been on a steady upswing, reaching 41.17 thousand in 2023. The year-on-year variation showed positive growth of 8.69% in 2023, recovering from its significant drop of 17.9% in 2020. The compound annual growth rate (CAGR) for the last five years ending in 2023 was 4.78%.
Future trends to watch for in the sector include the impact of technological advancements and automation on employment, potential increases in industrial activities, and government policies promoting industrial growth. Forecasts suggest a continuing upward trend, with employment expected to grow at a CAGR of 2.98% from 2024 to 2028, indicating a healthy recovery and expansion phase for the sector.
