The turnover in the manufacture of motor vehicles in Italy exhibited various trends between 2013 and 2023. Starting from 496.4 million euros in 2013, the turnover reached its peak at 584.3 million euros in 2017. However, a declining trend began from 2018 onwards, with the turnover estimated at 434.1 million euros in 2023. Over the last two years, the year-on-year variation was -0.48% in 2023 and -0.62% in 2022. The compound annual growth rate (CAGR) over the last five years was -2.14%, reflecting a considerable downturn.
Looking ahead to the forecasted period from 2024 to 2028, the turnover is expected to continue its decline, with a forecasted 5-year CAGR of -0.19% and a 5-year growth rate decline of -0.93%. As of 2023, turnover stands at 434.1 million euros.
Future trends to watch for include advancements in electric and autonomous vehicle technology, shifts in consumer demand, government regulations on emissions, and potential adjustments in global trade policies affecting the industry. Monitoring these factors could provide insights into potential market recovery or further decline.
