In 2023, the sold production value of iron or steel hot-worked laminated leaf-springs and leaves in Germany was approximately €66.2 million. Forecasts from 2024 to 2028 indicate a declining trend, with year-on-year decreases averaging around 2% annually. Over five years, the compound annual growth rate (CAGR) reflects this consistent decrease in production value.
Future trends to watch for include:
- Impact of automotive industry shifts towards electric vehicles, possibly reducing demand for traditional components.
- Potential effects of advancements in alternative materials on production methods and costs.
- Regulatory changes or trade policies affecting the steel industry in Europe.
