The air transport sector in Germany has seen significant fluctuations in turnover, with a notable decrease in 2020 when the value dropped by 43.4% to 12.58 billion euros, likely due to the COVID-19 pandemic. Recovery commenced in 2021 with a 37.47% increase, followed by a 12.5% rise in 2022. In 2023, the sector stood at 20.53 billion euros, reflecting a 5.53% year-on-year growth. However, the forecast indicates a downward trend from 2024, shrinking to 16.78 billion euros by 2028, with a 5-year CAGR of -3.23% and an overall decline of 15.12%.
Future trends to watch for:
• The sector's resilience and adaptation to post-pandemic travel demands.
• Technological advancements such as electric or hydrogen-powered aircraft.
• Global economic factors and their impact on air transport demand.
• Sustainability initiatives and regulations affecting the industry.
