Forecast: Turnover in Manufacture of Machinery for Metallurgy Sector in Germany

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.

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