From 2013 to 2023, the turnover of the motor vehicles, trailers, and semi-trailers sector in France exhibited notable fluctuations. The sector experienced a decline in 2013, followed by moderate growth in 2014 and significant increases from 2015 to 2018. The turnover reached a peak in 2019 before declining sharply in 2020 due to the impact of the pandemic. Recovery started in 2021, continuing with an increase in 2022, and returning to growth in 2023 where the turnover stood at 158.82 billion Euros. Over the last five years, the sector has seen an average annual CAGR of 2.01%.
Looking ahead, forecasts from 2024 to 2028 predict steady growth, with a forecasted CAGR of 2.09%, indicating a 10.87% growth rate over the five-year period. This reflects an overall positive outlook driven by market recovery, innovation, and potential shifts in consumer demand.
Future trends to watch for:
- Continued recovery post-pandemic and the resulting market adjustments.
- Technological advancements in vehicle manufacturing, particularly in electric vehicles.
- Regulatory changes impacting emissions and environmental standards.
- Potential supply chain disruptions and their effects on production and turnover.
