The automotive output in the Netherlands showed a steady increase from 2013 to 2019, peaking at 25.4 billion euros in 2019. Following a sharp decline of 16.07% in 2020, the market began to recover with positive growth in 2021 and 2022. As of 2023, the output stood at 23.73 billion euros, a 2.04% year-on-year increase. The Compound Annual Growth Rate (CAGR) over the last five years has been -0.58%, indicating a stagnation in growth due to recent fluctuations.

Key Year-on-Year Variations:

2022: +10.33%
2023: +2.04%

Forecasts predict an average annual growth rate of approximately 1.49% over the next five years, with the market expected to reach 26.07 billion euros by 2028. Despite this cautious optimism, overall growth will be modest with a total growth rate of 7.7% over this period.

Future trends to watch for:

Technological advancements in electric and autonomous vehicles potentially driving market growth.
Government policies and incentives towards sustainable automotive production impacting output.
Global economic conditions and supply chain dynamics influencing production levels.