In 2023, the turnover in France's machinery manufacturing sector for mining, quarrying, and construction stood at an estimated 3.21 billion Euros. From 2024, the forecast indicates a steady growth with year-on-year increases, moving from 3.27 billion Euros to 3.50 billion Euros in 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 1.72% over the five-year period.
Future trends to watch for include:
- Technological advancements and automation, which could further enhance productivity and efficiency.
- Potential shifts in global demand for construction and mining equipment influenced by economic cycles.
- Regulatory changes related to environmental sustainability and the industry’s alignment with green initiatives.