From 2013 to 2028, the market has shown substantial fluctuations. In recent years, the value saw a slight decrease from 114.97 million euros in 2022 to 113.04 million euros in 2023 (-1.67%). The periods exhibit an overall decreasing trend with the forecasted 5-year CAGR for 2023-2028 being -1.37%, indicating a gradual decline by -6.69% over this forecast period.
Future Trends:
With a continued decline projected, key trends to monitor include technological advancements which could stimulate demand, shifts in global supply chains, and economic conditions affecting production and investments. Strategically, companies should focus on innovation and potentially diversify to mitigate downward pressure on production values.
