From 2013 to 2017, the sold production of rubber tyres and tubes in Germany experienced modest fluctuations, with a peak in 2015 at 70.623 million items. A significant downward trend emerged starting in 2018, marked by a steep decline in 2020 to 44.153 million items, largely due to global disruptions. Despite a recovery in subsequent years, returning to 56.94 million items by 2023, the overall trend from 2018 onwards has been one of decline.
Looking forward, the forecast from 2024 to 2028 indicates a continuing decrease, with the production expected to fall to 45.872 million items by 2028. The forecasted average annual compound growth rate (CAGR) of -3.45% over the next five years underscores a persistent downward trend.
Future Trends to Watch For:
- The impact of technological advancements and automation on production efficiency.
- Shifts in global supply chain dynamics and trade policies.
- The influence of environmental regulations and the push towards sustainability in the automotive and manufacturing sectors.
- Consumer demand changes and the rise of alternative transportation methods.
- The role of innovation in new materials and tyre designs contributing to market adjustments.
