Forecast: Production in Passenger Air Transport Sector in Germany

The passenger air transport sector in Germany witnessed fluctuating production values from 2013 to 2023, reaching 17.61 billion euros in 2023. Significant variability is seen, particularly with a drastic reduction in 2020 due to the pandemic. Recovery is evident with a 13.27% year-on-year increase in 2023. The last two years show noticeable recovery, and the last five years present a modest CAGR of 1.1%, signifying steady recovery trends.

Future trends suggest continued modest growth with a forecasted 0.43% CAGR over the next five years, and an overall growth rate of 2.15% by 2028. Long-term stability in the sector is anticipated, though external factors and technological advancements should be closely watched.

**Future Trends to Watch For:**

  • Technological advancements in aircraft efficiency
  • Sustainability and eco-friendly initiatives
  • Fluctuations in global oil prices
  • Potential economic disruptions or geopolitical tensions

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