The forecasted sold production of bearing housings not incorporating ball or roller bearings, plain shaft bearings in Germany shows a steady increase from 2024 to 2028. Starting at 952.83 million euros in 2024 and reaching 992.97 million euros in 2028, there is a clear upward trajectory.
Year-on-year growth rates are consistent as the series progresses:
- From 2024 to 2025, a % change of approximately 1.1%
- From 2025 to 2026, a % change of around 1.05%
- From 2026 to 2027, a % change of roughly 1.02%
- From 2027 to 2028, a % change of nearly 1%
The compound annual growth rate (CAGR) over this period stands at approximately 1.03% annually. In 2023, the actual production value was 943.41 million euros, providing a base for these forecasts.
Future trends to watch include technological advancements in bearing production, shifts in industrial demand, and global economic conditions impacting manufacturing. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
