Forecast: Sold Production of Moulded Rubber Articles for Tractors and Motor Vehicles in Italy

In 2023, the sold production of moulded rubber articles for tractors and motor vehicles in Italy stood at 175 million euros. Forecasted data from 2024 to 2028 indicate a consistent decline, moving from 164.83 million euros in 2024 to 121.68 million euros in 2028. This reflects a year-on-year decrease averaging 6.2%, with a cumulative annual growth rate (CAGR) of -7.2% over the five-year period.

Looking forward, potential influencing factors on this downward trend could include:

  • Advancements in alternative materials or technologies reducing dependency on rubber.
  • Shifts in global trade policies or economic conditions affecting production and demand.
  • Increasing pressure from environmental regulations impacting the rubber industry's production processes.

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