The sold production of plastic parts for aircraft and spacecraft in Germany experienced fluctuating growth rates over the past decade. In 2023, the industry stood at 147.1 Million Euros, showing a year-on-year rise of 8.69%. Over the last two years, the sector recovered from a significant dip in 2020 and 2021 with impressive growth in 2022. The forecast suggests a steady increase in the coming years, with an annual growth rate averaging 1.26%, culminating in a value of 159.22 Million Euros by 2028.
Future trends to watch for include:
- Continued recovery from the COVID-19 disruption, potentially driving higher demand.
- Innovations in aerospace technology boosting the need for specialized plastic parts.
- The introduction of more sustainable and lightweight materials in production.
