The turnover for electrical and electronic equipment for motor vehicles in France is projected to decline consistently from 2024 to 2028. In 2023, the turnover stood at 1.55 billion euros. Over the period from 2022 to 2023, the industry witnessed a modest decline, and the forecasted figures suggest a continued downward trend.
Year-on-year variation indicates:
- 2024: 1.47 billion euros (-5.16% compared to 2023)
- 2025: 1.39 billion euros (-5.44% compared to 2024)
- 2026: 1.31 billion euros (-5.76% compared to 2025)
- 2027: 1.23 billion euros (-6.11% compared to 2026)
- 2028: 1.15 billion euros (-6.50% compared to 2027)
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be approximately -5.99%, highlighting the gradual yet consistent decrease in turnover.
Future trends to watch for: Innovation and advancements in electric and autonomous vehicles technology could significantly impact the market dynamics. Additionally, changes in consumer preferences and regulatory shifts toward sustainability and electric mobility could either mitigate or exacerbate the projected decline. Monitoring these variables will be crucial for stakeholders in the industry.
