In 2023, the electronic components and boards sector in Italy registered 50.0 million hours worked. The forecast data indicates a steady decline in hours worked, with a year-on-year decrease across the forecast period: 2024 (-2.0%), 2025 (-2.0%), 2026 (-2.04%), 2027 (-2.06%), and 2028 (-2.08%). The compound annual growth rate (CAGR) for the period from 2024 to 2028 is -2.05%.
Future trends to watch for include:
- Adoption of automation and efficiency improvements, potentially leading to reduced manual hours required.
- Increased focus on high-value add components, which could affect labor demand.
- Impact of global supply chain shifts on local production hours.
- Regulatory changes and sustainability initiatives potentially influencing labor dynamics.
