The forecasted sold production of tubes, pipes, and hoses of vulcanised rubber other than hard rubber in Germany is expected to experience steady growth from 2024 to 2028. In 2023, the product value stood at approximately 1.252 billion Euros. The year-on-year growth projections from 2024 to 2028 indicate moderate increases: 2.4% from 2024 to 2025, 2.4% from 2025 to 2026, 2.3% from 2026 to 2027, and 2.2% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 2.3%.
Future trends to watch for include:
- Technological advancements in rubber manufacturing, potentially enhancing production efficiency.
- Shifts in demand from key industries such as automotive and construction that utilize these rubber products.
- Potential regulatory changes impacting the rubber industry in Germany or across Europe.