Between 2013 and 2023, the output of motor vehicles, trailers, and semi-trailers in France experienced fluctuations, demonstrating both periods of growth and decline. In 2023, the output value stood at 71.42 billion euros. From 2013 to 2023, the sector displayed notable volatility with significant declines in 2020 (-22.26%) due to the pandemic, but a strong recovery followed, with a year-on-year growth of 6.45% in 2023. The CAGR over the last five years is positive at 0.55%, indicating a modest but consistent upward trend.
For the forecasted period from 2024 to 2028, the sector is expected to continue its growth trajectory, with a projected CAGR of 1.24%. By 2028, the output is predicted to reach 77.23 billion euros, reflecting an overall growth rate of 6.38% over this five-year span.
Future trends to watch for:
- The impact of electric and autonomous vehicle technologies on production volumes.
- Changes in international trade policies and their influence on exports and imports.
- Regulatory changes related to emissions and environmental standards.
- Consumer demand shifts towards sustainable and eco-friendly vehicles.
