In 2023, the production volume of repair and installation of industrial machinery and equipment in Germany was at an estimated 43 billion Euros. From 2024 onwards, the forecast sees a steady increase: 43.33 billion Euros in 2024, 43.75 billion Euros in 2025, 44.17 billion Euros in 2026, 44.57 billion Euros in 2027, and 44.97 billion Euros in 2028. The annual year-on-year growth from 2024 through 2028 averages around 0.9%. The compound annual growth rate (CAGR) for these five years is approximately 0.9% as well.
Future trends to watch for include:
- Technological advancements impacting repair and maintenance needs.
- Increased automation and digitalization in industrial activities.
- Global supply chain disruptions potentially affecting production volumes.
- Germany's shift towards sustainability and renewable energy systems.
