The value added of fabricated metal products in Germany stood at €60.15 billion in 2023. The forecasted values are €60.81 billion in 2024, €61.56 billion in 2025, €62.3 billion in 2026, €63.02 billion in 2027, and €63.73 billion in 2028. The year-on-year variations from 2024 to 2028 show a steady increase: 1.10% in 2025, 1.20% in 2026, 1.16% in 2027, and 1.13% in 2028.
The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is approximately 1.17%, indicating consistent growth in the sector.
Future trends to watch for include advancing automation and digitalization in manufacturing processes, which can further enhance productivity and efficiency. Observing international trade policies, raw material prices, and economic conditions will also be crucial as they can significantly influence the market dynamics.
