From 2024, the transportation and storage sector in Germany is forecasted to increase its value added from 148.92 billion euros to 159.67 billion euros by 2028. In 2023, the sector stood at 146.2 billion euros. Year-on-year, the value added is expected to grow by approximately 1.84% from 2023 to 2024, 1.83% from 2024 to 2025, 1.78% from 2025 to 2026, 1.74% from 2026 to 2027, and 1.68% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period 2024-2028 is anticipated to be around 1.77%.
Future trends to watch for:
- The adoption of green logistics and sustainable practices within the sector.
- Increased investment in digitalization to improve efficiency and customer satisfaction.
- Potential impact of regulatory changes and economic fluctuations on the sector's growth.
- Advancements in autonomous transportation technology and infrastructure.