The sold production of motor vehicles electrical and electronic equipment in France peaked in 2017 at 1.8008 billion euros and has experienced a significant decline since then. Notably, the period between 2021 and 2023 witnessed profound fluctuations, with values plummeting from 1.5996 billion euros in 2020 to 0.48441 billion euros in 2023. This portrays a sharp year-on-year decline of -82.38% in 2021, followed by an increase of 83.89% in 2022, and a slight fall of -6.55% in 2023. With a compounded annual growth rate (CAGR) of -22.65% from 2018 to 2023, the overall trend demonstrates a stark reduction over the past half-decade.
Looking ahead, the forecasted CAGR from 2024 to 2028 stands at -6.64%, with a projected decline from 0.4508 billion euros in 2024 to 0.3197 billion euros by 2028. This indicates a continuous downward trend, signifying ongoing challenges for the market.
Future trends to watch for include:
- Technological advancements in electric and autonomous vehicles which might spur demand.
- Shifts in regulatory policies and environmental standards impacting production strategies.
- Global supply chain instabilities affecting raw material availability and production costs.
