In 2023, the value added in the repair and installation of industrial machinery and equipment in Germany was estimated at approximately 17.2 billion Euros. The forecasted data for 2024 to 2028 showcases a steady year-on-year growth ranging from 1.4% to 1.5%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected around 1.4%, indicating a consistent upward trajectory in the industry.
Future trends to watch for:
- Technological advancements improving service efficiency
- Growing demand for industrial automation influencing repair needs
- Sustainability driving new repair methodologies and standards
- Regulatory shifts impacting repair and installation practices
