The sold production of motor vehicles electrical and electronic equipment in Poland showed significant fluctuations over the years, peaking around 2013-2014 and then experiencing an overall downward trend. While 2023 saw a slight decrease of -1.47% from the previous year to 0.82236 billion euros, marking continued volatility. Over the prior five years, the compounded annual growth rate (CAGR) observed was -4.61%, reflecting a steady decline.
Looking ahead, the forecasted data indicates a continuation of this downward trajectory, with an expected 5-year CAGR of -1.28% leading to a value of approximately 0.75558 billion euros by 2028. This suggests a modest but persistent decline in the industry's production value.
Future trends to watch for include:
- Technological advancements and shifts towards electric and autonomous vehicles.
- Global supply chain dynamics and their impacts on production capacity.
- Changes in regulatory environments and their potential to either constrain or boost production capabilities.
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