The production of consumer electronics in Germany experienced significant fluctuations from 2013 to 2023. Starting with a value of 33.4 million euros in 2013, the industry saw a notable increase to 107.7 million euros by 2023. Key yearly variations included a remarkable 90.12% increase in 2017 and a significant drop of 32.51% in 2019. Over the last two years, the industry grew by an average of 2.61% year-on-year. The compound annual growth rate (CAGR) for the past five years up to 2023 stood at 2.37%.
Future trends indicate a steady increase in production, with a forecasted 5-year growth rate of 12.41% and a CAGR of 2.37%, reaching 125.2 million euros by 2028. Factors to watch include technological advancements, shifts in consumer demand, and potential impacts of global supply chain changes.
