The forecast for the sold production of grey iron castings for machinery and mechanical appliances, excluding those for piston engines in Germany, shows a gradual upward trend from 2024 to 2028, starting at €636.29 million and reaching €661.26 million by 2028. This steady increase indicates a healthy demand for grey iron castings in the sector, promoting a positive sentiment in the market.
Key observations:
- From 2024 to 2025, there is a slight increase of approximately 1.0%.
- The expected Compound Annual Growth Rate (CAGR) across the five-year forecast period stands at roughly 0.97%.
- As of 2023, the actual value was unavailable for direct comparison, highlighting the forecast relies solely on future projections.
Future trends to watch for include potential technological advancements in casting processes and shifts in global demand, particularly in sectors emphasizing sustainable and energy-efficient machinery and appliances. Additionally, economic factors such as raw material costs and regulatory changes could impact production dynamics.
