In 2024, the import of transmissions for motor vehicles to France is forecasted to start at 216.16 million kilograms. From 2023 to 2024, the expected year-on-year increase reflects the rising demand for transmission imports. The growth trend continues with an annual increment in imports, reaching 237.22 million kilograms by 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 depicts a steady trajectory upward.
Future trends to watch for:
- Emergence of electric and hybrid vehicles, potentially impacting the demand for traditional transmissions.
- Trade policies and tariffs affecting import dynamics in Europe.
- Technological advancements in transmission efficiency and design.