The R&D expenditure in Germany's machinery and equipment manufacturing sector is set to grow steadily from 2024 to 2028, with values increasing from $8.64 billion in 2024 to $9.02 billion in 2028. This annual growth represents a consistent and positive year-on-year increase of about 1.16% to 1.01% towards the end of the period. Considering the starting point in 2023 was approximately $8.54 billion, the Compound Annual Growth Rate (CAGR) for the forecasted period suggests a stable 1.1% average growth annually.
Future trends to watch include:
- Technological advancements in automation and digitalization
- Increasing focus on sustainable and eco-friendly innovations
- Potential impacts of global supply chain restructurings post-pandemic
- Shifts in global trade policies affecting export dependencies and R&D priorities