The turnover for central heating radiators and boilers in Germany saw fluctuations between 2013 and 2023. From a low of €2.56 billion in 2014, it experienced a significant rise to €7.25 billion in 2023. The most notable surge occurred in 2018, with an 84.36% increase. The average annual growth rate (CAGR) over the last five years was 7.77%. For 2023, turnover stood at €7.25 billion.
Key trends include:
• 2013-2017: Mild fluctuations with a minor overall downward trend.
• 2018: Sharp rise due to market factors, doubling the turnover from the previous year.
• 2019-2021: Positive growth with a dip in 2020, likely due to external factors like the pandemic.
• 2022-2023: Continued significant growth, reflecting market recovery and increased demand.
Future trends to watch:• The forecasted CAGR for the next five years (2024-2028) is projected at 5.74%, translating to a total growth of 32.22%, indicating a healthy market outlook.
• Growing emphasis on sustainability and energy efficiency, driven by regulatory pressures and consumer demand, is expected to further fuel market expansion.
