In 2023, the import of railway and tramway axles, wheels, and parts to France stood at a historical position, setting the stage for forecasted growth. From 2024 to 2028, the import volume is expected to grow steadily. Year-on-year growth is projected around 3.4% for 2024, increasing slightly to about 3.5% by 2025, and continuing a gradual upward trajectory, culminating in a CAGR of approximately 3.2% over this five-year forecast period.
Looking forward, several trends might impact the import dynamics:
- Shift toward sustainable transport solutions might increase demand.
- Technological advancements in materials and manufacturing processes may influence import decisions.
- Geopolitical factors and trade agreements could affect supply chains.