In 2023, the sold production value of machinery for mining, quarrying, and construction in France stood at 1.5300 billion euros. The forecasted figures from 2024 to 2028 indicate a steady growth, with values increasing from 1.5609 billion euros in 2024 to 1.6564 billion euros in 2028. This represents a cumulative annual growth rate (CAGR) of approximately 1.49% over the five-year forecast period.
Year-on-year, the forecast showcases consistent growth percentages: 1.55% from 2024 to 2025, 1.52% from 2025 to 2026, 1.47% from 2026 to 2027, and 1.44% from 2027 to 2028.
Future trends to watch for include:
- Technological advancements improving machinery productivity and efficiency.
- Increased investment in mining and construction driving demand for advanced machinery.
- Potential regulatory changes impacting production costs and market dynamics.