As of 2023, the turnover in the manufacture of machinery for the metallurgy sector in Germany stood at 1.65 billion Euros. The forecasted data suggests a declining trend from 2024 to 2028, with values dropping from 1.56 billion Euros in 2024 to 1.23 billion Euros in 2028. This represents a consistent annual decrease in turnover.
Notably, from 2024 to 2025, the industry is expected to experience a 5.1% reduction, followed by a 6.1% drop from 2025 to 2026. The decreasing pattern continues with a 5.8% decline from 2026 to 2027, and a 6.1% fall from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is anticipated to reveal an average annual contraction, highlighting persistent challenges in the sector.
Future trends to watch:
- Technological advancements could potentially offset some declines by boosting efficiency.
- The geopolitical landscape and global demand may significantly impact the industry's recovery.
- Transition to sustainable practices might provoke shifts in market dynamics and demand.