The turnover for parts and accessories for motor vehicles in Switzerland is forecasted to gradually increase from 2024 to 2028. Starting at 809.1 million Euros in 2024, it rises steadily each year, reaching 818.9 million Euros by 2028. The actual value in 2023 stood at 806.5 million Euros, showing a year-on-year increase of approximately 0.32% from 2023 to 2024. Over the forecast period, the compound annual growth rate (CAGR) is estimated at around 0.30%, indicating a stable yet modest growth trend.
Future trends to watch for:
- The impact of technological advancements and electric vehicle parts on the overall market growth.
- Changes in consumer behavior and preferences towards sustainable and energy-efficient automotive parts.
- Potential regulatory changes and their effects on the automotive parts industry.