Forecast: Employment in Manufacture of Machinery for Mining, Quarrying and Construction Sector in Italy

The employment in the manufacture of machinery for mining, quarrying, and construction sector in Italy is projected to decline from 10.4 thousand FTEs in 2024 to 8.61 thousand FTEs by 2028. Compared to 2023, this reflects a gradual decrease of approximately 3.1% year-on-year, with an overall compounded annual growth rate (CAGR) of roughly -4.75% over the next five years. This declining trend highlights the sector's challenges, possibly due to technological advancements, automation, and an evolving industrial focus.

Future trends to watch include:

  • Technological advancements might drive workforce efficiency, impacting employment.
  • Changes in global commodity prices could affect investment in mining and construction machinery.
  • Policy shifts towards sustainability and green technology adoption may redefine industry demands.

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