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.