The car manufacturing industry in the Czech Republic has experienced fluctuations over the past several years. Between 2017 and 2019, the value of car manufacturing grew from €16.2 billion to €19.2 billion. However, the industry faced a decline in 2020, dropping to €16.6 billion, likely due to the impacts of the global pandemic. The value improved slightly in 2021, reaching €16.3 billion.
Looking ahead, the industry is forecasted to experience a significant rebound, with the car manufacturing value projected to rise to €19.2 billion in 2022. The upward trend is expected to continue, with the value increasing to €19.9 billion in 2023, €21.8 billion in 2024, and €23.3 billion in 2025. By 2026, the car manufacturing value in the Czech Republic is predicted to reach €23.6 billion, showing consistent growth and a promising future for the industry.