The number of vehicles in use in France from 2013 to 2023 showed a general upward trend, reaching 39.6 million units in 2023. The most significant deviation was in 2020 when the number dropped sharply by 16.74% due to potential disruptions like the COVID-19 pandemic. Recovery began in 2021 with a year-on-year increase of 14.8%, followed by continued growth through 2022 and 2023. The average annual growth rate over the past five years (CAGR) was approximately 0.3%. Forecasts suggest continued modest growth, with the number of vehicles projected to reach 40.08 million units by 2028, reflecting a forecasted 5-year CAGR of 0.25% and an overall 5-year growth rate of 1.26%.
Future trends to watch for include:
- The impact of electric vehicle adoption and new regulations on vehicle ownership levels.
- Potential supply chain issues or economic factors that could affect vehicle production and sales.
- Technological advancements in autonomous driving and connectivity that could influence vehicle usage patterns.