Based on the forecasted data, the year-on-year variation for 2025 is 2.23%, for 2026 is 2.14%, for 2027 is 2.05%, and for 2028 is 1.97%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.92%, indicating stable yet modest growth in the market.
Future trends to watch for include technological advancements in machinery, increased demand for precision engineering, and potential regulatory changes affecting production standards.
