The German rubber tyres and tubes manufacturing sector forecast shows consistent year-on-year growth from 2024 to 2028, with turnover predicted to increase from 8.93 billion Euros in 2024 to 9.28 billion Euros in 2028. In comparison to 2023, where turnover stood at 8.85 billion Euros, this reflects a steady upward trend commencing with a 0.90% increase in 2024. The compound annual growth rate (CAGR) throughout this forecasted period is roughly 0.97%.
Future trends to watch for include:
- An emphasis on sustainable production due to environmental regulations.
- Technological advancements potentially boosting efficiency and output.
- Geopolitical factors influencing raw material availability and prices.
