The import value of brake system parts, excluding linings for motor vehicles, is forecasted to increase gradually in France from 2024 to 2028, as reflected by the consistent growth of the figures from 1.6353 to 1.7119 billion US dollars. Compared to 2023, where the value stood at 1.61 billion US dollars, the increase signifies a steady upward trend.
Year-on-year variation indicates a consistent growth trajectory, with an average annual growth rate (CAGR) of approximately 1.5% over the next five years.
Future trends to watch for include:
- The impact of evolving automotive technologies and the transition towards electric vehicles.
- Changes in trade regulations within the European Union affecting import costs and tariffs.
- Supply chain disruptions and their potential effect on the forecasted growth rates.
