As of 2023, the rubber tyres and tubes, retreading, and rebuilding of rubber tyres manufacturing sector in Italy employed 10.33 thousand individuals. The subsequent years show a subtle decline with the workforce projected to shrink from 10.29 thousand in 2024 to 10.0 thousand in 2028. Year-on-year, this suggests a gradual reduction in workforce, averaging a decline of approximately 0.57%. The five-year CAGR indicates a slight contraction, averaging 0.65% per annum.
Future trends to watch include:
- Impact of technological advancements in manufacturing efficiencies and automation.
- Market demand driven by shifts in mobility trends, such as electric vehicles.
- Regulatory impacts related to environmental standards affecting production processes.