In 2023, the number of employees in the motor vehicle parts and accessories manufacturing sector in Italy was approximately 89.80 thousand. Looking ahead, the forecast indicates a gradual decrease in employment from 2024 onwards, with projections showing 89.15 thousand employees in 2024 and reducing each year to 86.53 thousand by 2028. Year-on-year percentage variations suggest a slight but consistent decline in employment, with trends showing a decrease of about 0.75% annually. The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average yearly decline of approximately 0.74%.
Future trends to watch for include advancements in automation and electric vehicle technology, which may drive further efficiencies and labor reductions. Additionally, global supply chain adjustments and regulatory changes in environmental standards could impact employment dynamics in this sector.
