The forecast for employment in the wholesale, retail trade, and repair of motor vehicles and motorcycles in Italy from 2024 to 2028 indicates a steady annual growth. In 2023, the sector stood at approximately 233.5 thousand full-time equivalent units. The projected figures from 2024 onward reflect a consistent upward trend, with increases in employment each year. Between 2024 and 2025, there's a growth of approximately 0.68%, and the trend remains similar across the forecast period, highlighting gradual sectoral expansion. The compound annual growth rate (CAGR) for this employment sector over the five-year forecasted period is estimated at just over 0.7%, indicating stable growth.
Future trends to watch for include:
- The impact of technological advancements such as automation and e-mobility on employment needs within the sector.
- Regulatory changes aimed at environmental sustainability and their subsequent effect on vehicle repair and sales employment.
- Macroeconomic factors affecting consumer spending power and automotive demand, further influencing employment rates.
