As of 2023, the number of enterprises in the mining and quarrying sector in Italy stood at approximately 1.49 thousand. Projections indicate a decrease, with forecasts showing the sector reaching 1.41 thousand enterprises in 2024, followed by a continuous annual decline to 1.1 thousand by 2028. This represents a year-on-year decrease of around 5% to 6%. The compound annual growth rate (CAGR) over the 2024 to 2028 period predicts an average annual reduction of about -6.1%.
Future trends to watch for include:
- Technological advancements and automation potentially reducing the need for smaller enterprises.
- Environmental policies increasingly impacting operational costs and enterprise viability.
- Market consolidation with larger players dominating as smaller enterprises exit the industry.
