Between 2017 and 2023, the sold production of parts for air conditioning machines in the Netherlands exhibited substantial volatility. From 2018's notable decline of -51.39%, the market rebounded sharply with a 211.04% increase in 2019. Subsequent years saw moderate growth in 2020 at 7.46%, followed by a decrease of -13.2% in 2021, and a further slight decline of -7.26% in 2022. 2023 saw a modest increase of 2.6%, stabilizing the market value at 27.25 million Euros. The 5-year CAGR for this period stands at 22.52%.
Looking forward to the forecast period (2024-2028), a stable growth trajectory is projected with a forecasted 5-year CAGR of 1.84% and a total growth rate of 9.56%. By 2028, the market value is anticipated to reach around 30.605 million Euros.
Future trends to watch for include technological advancements in air conditioning machines, regulatory changes affecting production, and potential shifts in market demand due to climate change and energy efficiency initiatives. These factors will be integral in shaping the market landscape over the next few years.
