From 2013 to 2023, the hours worked in the industrial gases sector in Italy showed overall stability with some fluctuations. After a notable decline of 8.93% in 2014, the sector experienced moderate growth until 2017. In 2019, there was a significant upturn with a 6.68% increase. However, since 2020, the trend turned slightly negative, with declines each year, coming to -0.53% annually in 2022 and 2023.
In 2023, the volume of hours worked stood at 7.3549 million. The forecasted CAGR from 2024 to 2028 is -0.41%, indicating a slight downward trend. Forecasts predict a cumulative decline of about 2.06% over the next five years, with the volume expected to be 7.1659 million hours by 2028.
Future trends to watch for:
- Technological advancements in industrial processes reducing labor hours.
- Economic policies and their impact on the manufacturing sector.
- Shifts in demand for industrial gases due to global energy transitions.
- Labor market dynamics and workforce availability in Italy.
