Sold production of industrial machinery and equipment installation in Germany witnessed fluctuations over the past decade. From 2013 to 2023, values varied, with significant increases in 2014 and 2015 but sharp declines in 2016 and 2017. The trend remained somewhat stable post-2018. As of 2023, the value stood at 12.588 billion Euros.
The year-on-year variations indicate periods of growth and contraction. Notable increases occurred in 2014 (13.96%) and 2020 (14.63%), while declines were observed in 2016 (-16.45%) and 2019 (-4.23%). The latest CAGR (1.18%) for 2019-2023 highlights a moderately positive trend.
Looking ahead, the forecast shows a gradual increase, with the value projected to reach 13.163 billion Euros by 2028. The forecasted 5-year CAGR (0.71%) and overall growth rate (3.6%) suggest steady yet modest growth.
Future trends to watch for:
- Technological advancements driving efficiency and productivity.
- Potential impacts of global supply chain disruptions.
- Increased focus on sustainability and green technologies.
- Industry shift towards automation and digitalization.
