The production in the wholesale of machinery, equipment, and supplies sector in France showed significant growth from 2013 to 2023, rising from €8.13 billion in 2013 to €62.78 billion in 2023. The most substantial increase occurred between 2013 and 2014, with a year-on-year growth of over 390%. However, the growth experienced fluctuations, including a noticeable decline in 2017 and 2020, but has trended positively since 2021. The compound annual growth rate (CAGR) over the last five years was 10.09%, indicating a solid upward trajectory.
Looking ahead, from 2024 to 2028, the sector is expected to continue growing, albeit at a slower pace, with a forecasted 5-year CAGR of 4.11%. This growth indicates a continued but stabilizing demand in the sector, suggesting controlled and sustained expansion.
Future trends to watch for:
- Technological advancements and digitalization driving efficiencies in machinery and equipment production.
- Increased focus on sustainable and eco-friendly innovations in equipment manufacturing.
- Potential market disruptions due to global supply chain dynamics and geopolitical factors.
- Growth opportunities in emerging markets and sectors driving demand for new and updated machinery and equipment.
