In 2023, the sold production of moulded rubber articles for tractors and motor vehicles in France was not directly provided, but given the trend, we can deduce it was slightly higher than the 2024 forecast. From 2024 to 2028, forecasts indicate a gradual decline in production value from 157.19 million Euros to 154.11 million Euros, signifying a uniform negative year-on-year change. The compound annual growth rate (CAGR) over these five years is negative, showing a slight but steady downward trend in the sector.
Future trends to watch for include:
- Technological advancements in rubber manufacturing that could alter production efficiency and cost-effectiveness.
- Potential regulatory changes in the automotive sector aimed at sustainability, impacting material choices and production techniques.
- Fluctuations in automotive demand driven by global economic conditions and consumer preferences shifting towards electric vehicles, which may require different materials and components.
