Forecast: Number of Employees in Manufacture of Machinery for Metallurgy Sector in Italy

The Italian metallurgy machinery manufacturing sector is forecasted to experience a gradual decrease in employment from 2024 to 2028, starting at 13.91 thousand employees and steadily declining to 13.03 thousand. In 2023, the actual number of employees stood at 14.15 thousand. Year-on-year analysis indicates a consistent decrease of about 1.7% annually from 2024 to 2028. The compound annual growth rate (CAGR) over this period is -1.61%, illustrating a continual contraction in workforce numbers.

Future trends to watch for:

  • Adoption of automation and advanced technologies which could further reduce workforce needs.
  • Potential industry restructuring that may either curb or exacerbate employment deficits.
  • Government policies aimed at supporting and revitalizing the sector.

Top Countries about Metal Manufacturing