The employment in the Italian sector of manufacturing engines and turbines, excluding those for aircraft, vehicles, and cycles, is projected to progressively decline from 2024 to 2028. Employment is expected to fall from 11.05 thousand FTEs in 2024 to 10.1 thousand FTEs by 2028, marking a continuous decrease. Analyzing the year-on-year percentage variations presents a consistent downward trend annually, while the five-year CAGR similarly suggests a steady reduction in employment levels assuming no substantial changes occur in industry dynamics or external factors.
Future trends to watch for:
- Technological advancements that might alter production efficiency and workforce requirements.
- Shifts in global energy demands impacting the engine and turbine industry.
- Potential policy changes on green energy and how they may affect employment in traditional manufacturing sectors.
- The impact of geopolitical factors on international trade and sourcing of raw materials.