In 2023, the import volume of gearboxes and other speed changers to France was a baseline against which the forecasted figures from 2024 to 2028 are measured. Over this period, expect a steady growth trend, moving from 14.877 million kilograms in 2024 to 16.517 million kilograms in 2028, indicating a consistent demand increase.
The year-on-year variations suggest a gradual rise with a Compound Annual Growth Rate (CAGR) over these five years reflecting a modest upward trajectory. Specifically, from 2024 to 2025, a 2.8% increase is anticipated; this steadily progresses to a 2.5% rise year-on-year by 2028.
Future trends to watch:
- Technological advancements in gearboxes that may affect import volumes.
- Shifts in global trade policies impacting France's import strategies.
- Growth in the machinery and vehicle markets which could drive demand further.
