In 2023, the actual sold production of motor vehicles with a petrol engine more than 1,500 cm³ in Italy stood at 9.05 billion Euros. From 2024 onwards, forecasts indicate a steady increase with year-on-year growth expected at approximately 4.8% in 2024 and gradually decreasing until 2028, where the projected value reaches 11.306 billion Euros. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is projected at around 4.4%.
Future trends to watch for include:
- Potential shifts towards more environmentally friendly vehicle options impacting petrol vehicle demand.
- Regulatory changes that might affect production costs and consumer choices.
- Advancements in automotive technology influencing consumer preferences and market dynamics.
