The turnover in the installation of industrial machinery and equipment sector in Germany is poised for steady growth from 2024 to 2028. Starting from a projected 19.95 billion Euros in 2024, it is expected to rise to 21.35 billion Euros by 2028. The year-on-year growth rate demonstrates modest, yet consistent increases, averaging approximately 1.7% annually over this five-year horizon as indicated by the compound annual growth rate (CAGR).
The current trends suggest a gradual expansion, driven by advancements in automation and increased demand for machinery across various industries. Future trends to observe include technological innovations, the integration of AI and IoT in machinery, and shifts towards sustainable equipment solutions, which may further influence turnover in this sector.
