From 2013 to 2023, the sector experienced significant volatility, with notable declines particularly in 2020 due to the pandemic, followed by a substantial recovery in 2021. The five-year CAGR leading up to 2023 was -2.25%. Forecast from 2023 to 2028 indicates a continuous decline with a forecasted CAGR of -1.92%, projecting to 17.97 billion Euros by 2028.
Future trends to watch: As digital transformation continues to reshape the industry, emerging technologies such as AI, VR, and AR could potentially disrupt traditional business models. It will be crucial to monitor the industry's adaptation to these trends and their impact on production volumes.
