The turnover in the Manufacture of Motor Vehicles sector in France is forecasted to grow steadily from 2024 to 2028. In 2023, the sector's turnover stood at 113 billion Euros, marking a consistent upward trend in the sector year-on-year. The percentage increase in turnover from 2024 to 2025 is noted at 1.19%, followed by 1.17% from 2025 to 2026, and continuing at a similar growth rate until reaching 119.64 billion Euros by 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is 1.24% per year, indicating modest but consistent growth in the sector.
Future trends to watch for:
- Technological advancements and increased demand for electric vehicles.
- Regulatory changes and environmental policies impacting production processes.
- Global supply chain fluctuations affecting material costs and availability.
- Consumer preferences shifting towards more sustainable vehicle options.
