| Year | Value (Millions of Items) | Year-on-Year Variation (%) |
|---|---|---|
| 2024 | 23.575 | - |
| 2025 | 22.21 | -5.77% |
| 2026 | 20.86 | -6.10% |
| 2027 | 19.523 | -6.41% |
| 2028 | 18.199 | -6.79% |
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is approximately -6.29%.
Future trends to watch for include the adoption of new automotive technologies and changes in regulatory environments, which could impact production volumes and the types of parts demanded. Additionally, shifts towards electric vehicles and advancements in materials science may create new opportunities and challenges in the automotive parts sector.
