The forecast for the number of enterprises in the Basic Iron, Steel, and Ferro-Alloys sector in Germany shows a consistent decline from 2024 to 2028. In 2024, the sector is projected to have 404 enterprises. This number decreases each year, reaching 347 enterprises by 2028. Year-on-year percentages indicate a steady decline in enterprise numbers, reflecting ongoing challenges in the industry. This trend corresponds to a negative Compound Annual Growth Rate (CAGR) over the five-year forecast period.
Future Trends to Watch For:
- Potential impacts of sustainability initiatives and regulations on industry dynamics.
- Technological advancements that could streamline production and reduce the number of enterprises required.
- Shifts in global demand for steel and ferro-alloys affecting local enterprise viability.
- Economic policies and trade agreements influencing market conditions.