Forecast: Casting of Steel Market Size Value in Germany

The German steel casting market has shown fluctuations over the past decade, with notable dips and recoveries. The actual value in 2023 stood at 1.5701 billion Euros, evidencing a slight decline of 0.24% year-on-year compared to 2022. Over the past five years, the market experienced an average annual decline of 0.37%. The upcoming years, based on forecasts, suggest a continuing downward trend with a forecasted compound annual growth rate (CAGR) of -0.2% through 2028, reflecting a gradual market contraction.

Future trends to watch for:

• Technological advancements in steel casting processes
• Shifts in demand due to evolving automotive and construction industries
• Impact of environmental regulations on production practices
• Global supply chain disruptions affecting raw material availability
• Economic policies and trade agreements influencing market dynamics