In 2023, the production value in Germany's machinery for metallurgy sector stood at 1.58 Billion Euros. From 2013 to 2023, a consistent decline is observed with significant drops occurring in multiple years, notably 2018 and 2022. The production value has decreased steadily year-on-year, averaging a contraction of 5.97% annually over the last five years. The ongoing decrease suggests a structurally declining industry.
From 2024 onwards, forecast data suggests the trend will persist, foreseeing a further downward trajectory. The projected Compound Annual Growth Rate (CAGR) for the next five years is -7.66%, leading to a total decline of 32.85% by 2028.
Future Trends to Watch For:
- Technological advancements and automation may impact machinery demand.
- Shifts in global supply chains could change production dynamics.
- Environmental regulations may transform product standards and processes.
- Economic conditions and capital investments will heavily influence sector recovery.
