In 2023, the market size for motor vehicle wheels and parts in Switzerland stood at 482.5 million USD. Forecasted data from 2024 indicates steady growth: 489.1 million USD in 2024, 495.59 million USD in 2025, 502.02 million USD in 2026, 508.38 million USD in 2027, and 514.68 million USD in 2028. The year-on-year variation percentage for the forecasted period shows consistent minor increases, such as a 1.33% increase from 2024 to 2025, and similar trends in the following years. The compound annual growth rate (CAGR) from 2024 to 2028 averages at 1.26% per year.
- Year-on-year variation from 2024 to 2025: 1.33%
- Year-on-year variation from 2025 to 2026: 1.30%
- Year-on-year variation from 2026 to 2027: 1.26%
- Year-on-year variation from 2027 to 2028: 1.24%
- CAGR from 2024 to 2028: 1.26%
Future trends to watch for in the Swiss market for motor vehicle wheels and parts include the impact of advancing technology such as smart and lightweight materials, stricter environmental regulations which might boost demand for innovative and eco-friendly wheels, and potential shifts in consumer preference due to the rise of electric and autonomous vehicles.
