The manufacture of parts and accessories for motor vehicles in France is projected to see steady growth from 2024 to 2028, increasing from 30.83 billion Euros to 34.75 billion Euros. In 2023, this sector stood at approximately 29.85 billion Euros. The year-on-year growth suggests a consistent upward trajectory, with each year seeing growth just above 3%. The compound annual growth rate (CAGR) for the period 2024 to 2028 is projected at around 3% annually, reflecting sustained demand and production efficiency enhancements.
Future trends to watch for include:
- The impact of the shift toward electric vehicles on parts manufacturing.
- Increasing automation and digitalization in production processes.
- Potential supply chain disruptions and geopolitical factors affecting production costs and logistics.