The sector's output has been showing a consistent upward trend from 2013 to 2028. Notable year-on-year variations include a significant spike of 10.83% in 2021 and a moderate rise of 3.54% in 2023. The calculated CAGR for recent years indicates a steady average increase, highlighting robust industry growth.
Future Trends to Watch: With a forecasted 5-year CAGR of 2.43% from 2023 to 2028, anticipations point towards stable, but slower growth. Attention should be placed on technology integration, emerging regulatory changes, and global economic conditions that could affect the industry's trajectory.
