The employment in the Repair of Furniture and Home Furnishings sector in Italy stood at 1,850 FTE units in 2023. The sector has witnessed significant fluctuations over the past decade, highlighted by the dramatic rise between 2017 and 2019, and a subsequent stabilization. The year-on-year variation was positive at 2.89% in 2023, consistent with previous annual increases, though it reflects a moderate growth pace compared to earlier high-growth years.
The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 2.45%, marking a deceleration from the aggressive expansion seen in earlier years. Forecasts for 2024-2028 suggest a steady growth with a forecast 5-year CAGR of 1.99%, projecting a 10.37% cumulative increase over these years.
Future trends to watch for:
- Technological advancements and automation in repair services.
- Increased consumer demand for sustainable and upcycled furnishings.
- Potential regulatory changes impacting the industry.
