The turnover for Parts and Accessories for Motor Vehicles in France has seen significant fluctuations from 2013 to 2023. After a notable peak in 2017, the market faced a decline that particularly intensified in 2020. However, from 2021 onwards, the market showed signs of recovery, with a turnover of 30.85 billion euros in 2023, indicating a 7.2% increase from the previous year. The forecasted CAGR for the next five years stands at 2.39%, projecting a turnover growth up to 35.87 billion euros by 2028, marking a 12.54% rise.
Future trends to watch for:
- Increased demand for electric vehicle components
- Technological advancements driving aftermarket sales
- Growth in the e-commerce sector for auto parts and accessories
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