The production value for parts and accessories for motor vehicles in Switzerland was 968.5 million euros in 2023. Over the forecasted period from 2024 to 2028, the production value shows a steady rising trend. The year-on-year variations are as follows:
- 2024: 2.47%
- 2025: 3.79%
- 2026: 2.91%
- 2027: 2.83%
- 2028: 3.67%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at 3.10%.
Future trends to watch for include the increasing adoption of electric vehicle components, advancements in automotive technologies, and the impact of environmental regulations on production processes and material choices. Additionally, global supply chain dynamics and trade policies could significantly influence production costs and market growth.
