The production of baby carriages and parts in Germany has experienced a steady decline over the last decade. Starting from a high in 2013, the production has consistently decreased, with notable fluctuations such as a 21.25% decline in 2017 and a slight recovery of 13.25% in 2020. By 2023, the volume stood at approximately 49.95 thousand items, indicating a year-on-year reduction of 16.13%. The average annual decline over the last five years (CAGR) is around -9.11%.
Looking ahead, the forecast predicts an even steeper decline, with an estimated 91.71% drop in volume by 2028 and a forecasted five-year CAGR of -39.23%. This significant downturn calls for attention to factors influencing these trends.
Future trends to watch for:
- Potential market disruptions or innovations that could revitalize demand.
- Economic factors including disposable income and birth rates.
- Shifts in consumer preferences towards alternative products.
- Global supply chain dynamics and their impact on local production.
