The turnover in the manufacture of motor vehicles, trailers, and semi-trailers sector in France is set to grow steadily from 2024 to 2028, with forecasts indicating an increase from 163.37 billion euros in 2024 to 181.13 billion euros in 2028. With a consistent year-on-year growth ranging between 2.76% to 2.55%, the forecasted Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.63%. In 2023, the turnover was 158.95 billion euros.
Future trends to watch for include:
- Increased focus on electric vehicle production due to regulatory pressures and consumer demand.
- Potential impacts of supply chain disruptions and new technologies such as autonomous driving on production costs and efficiency.
- Market adaptations to evolving trade agreements and environmental policies in the EU.