Forecast: Parts and Accessories for Motor Vehicles Production Value in France

From 2013 to 2023, the production value for parts and accessories for motor vehicles in France saw various fluctuations, standing at 29.82 billion Euros in 2023. The year-on-year variation showed significant changes, from a -3.5% decline in 2013, a peak increase of 25.85% in 2017, to a sharp 16.64% drop in 2020, largely due to the pandemic. The last two years saw a recovery with a 9.34% rise in 2022 and a 7.09% increase in 2023. The recent five-year CAGR stood at 1.28%, indicating moderate growth.

Future forecasts predict continued growth in production value, with a forecasted CAGR of 2.43% from 2024 to 2028, leading to an estimated figure of 34.75 billion Euros by 2028.

Future trends to watch for:

- Increased adoption of electric vehicles leading to new components demand.

- Advancements in autonomous driving technologies.

- Heightened focus on sustainability and eco-friendly parts.

- Potential supply chain disruptions or innovations post-pandemic recovery.