In 2023, the sold production of cold extrusion steel parts, including transmission shafts, camshafts, crankshafts, and cranks in Germany, stood at 44.686 million euros. Starting from 2024, a steady increase is forecasted, reaching 54.511 million euros by 2028. The year-on-year variations show an annual growth rate of approximately 4%-5%. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be around 4.0%.
Future trends to watch for:
- Increasing demand for electric vehicles and sustainability practices.
- Technological innovations in the automotive and manufacturing industry.
- Potential disruptions due to economic factors or geopolitical tensions.
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