In 2023, the electronic components sector in Italy registered a certain volume of hours worked. From 2024, a declining trend is projected with hours reducing from 32.108 million to 27.367 million by 2028. This represents a consistent year-on-year decline, noting approximately a 3.75% decrease annually. Over these five years, the compound annual growth rate (CAGR) is anticipated to be negative, indicating a contraction in the sector’s labor utilization.

Future trends to watch for:

Potential automation advancements reducing manual hour requirements.
Shifts in global supply chains impacting local production hours.
Increased focus on sustainability possibly altering labor demand in production processes.