The Italian motor vehicles, trailers, and semi-trailers manufacturing industry demonstrated fluctuating patterns over the last decade. Starting from 47.03 billion euros in 2013, it peaked at 69.45 billion euros in 2017 before declining to 54.45 billion euros in 2020. Recent years marked a recovery, reaching 65.3 billion euros in 2023 with a modest increase projected through 2028. The year-on-year growth revived to 4% in 2023 from a noticeable decline in 2020. Throughout five years, the Compounded Annual Growth Rate (CAGR) maintained a slight decrease, indicating volatile market conditions.
Future trends to watch include:
- Technological advancements focusing on electric and autonomous vehicles.
- Impact of regulations on emissions and sustainability goals.
- Supply chain disruptions affecting production capability.
- Consumer demand shifts towards innovative vehicle options.
- Investment in infrastructure supporting alternative fuel vehicles.
