Compound annual growth rate of revenue for metals and electronics in Europe 2023
Compound annual growth rates can be used to measure a number of different factors including revenue, as in this example, but also income, customers, returns etc. As of January 2023, the CAGR in revenues over the last five years for the metals and electronics sector in Western Europe have been highest in the rubber and tires industry (19.4 percent).
In terms of expected growth between 2023 and 2024, the auto and truck industry has a forecast CAGR for revenue of approximately 280.3 percent.