The motor vehicles, trailers, and semi-trailers production value in France has shown significant fluctuations over the past decade. Notably, from 2013 to 2023, actual data presents a recovery and subsequent growth trajectory with occasional dips, most prominently in 2020 with a sharp drop of 26.67%, followed by a rebound. In 2023, the industry stood at EUR 107.89 billion, reflecting a 7.91% YoY growth. With forecasts from 2024 predicting continued, though moderate, growth, the sector exhibits a forecasted 5-year CAGR of 1.55%, indicating a stable yet cautious upward trend.
Future trends to watch include :
- Adoption of electric vehicles (EVs) and their impact on production volumes and supply chains.
- Technological advancements in autonomous driving and smart transportation.
- Shifts in consumer preferences towards sustainable and eco-friendly vehicles.
- Potential regulatory changes and their impact on manufacturing practices and costs.
