In 2023, the sold production of electric bakery and biscuit ovens in Germany was X million Euros, establishing a foundation for future growth. The forecasted values from 2024 to 2028 demonstrate a consistent upward trend in production value. Over this period, the production is expected to grow from 248.48 million Euros to 275.37 million Euros by 2028. Year-on-year percentage increases for each subsequent year are moderate, indicating steady growth. The compound annual growth rate (CAGR) over the five-year forecast period is a useful measure of the average annual increase, although specific percentages are not provided.
Future trends to watch for include:
- Technological advancements enhancing production efficiency.
- Increased demand for sustainable and energy-efficient ovens.
- Potential market expansions and innovations in the bakery sector.
- Geopolitical and economic factors affecting supply chains and cost structures.