The turnover in the Manufacture of Structural Metal Products sector in Germany was recorded at 31.26 billion Euros in 2023. Throughout the decade, the sector witnessed fluctuations, with significant growth between 2018 and 2019 (+7.44%) and a notable decline in 2020 (-5.5%) mainly due to the economic disruptions caused by the COVID-19 pandemic. Over the past two years, the sector showed a moderate growth of 1.01% year-on-year in 2023, reflecting a slow but steady recovery. The Compound Annual Growth Rate (CAGR) for the last five years was 1.1%, indicating consistent but modest growth. Looking ahead, the forecast indicates a continued gradual increase with a 5-year forecasted CAGR of 0.75%.

Future trends to watch for:

Technological advancements and automation in production processes.
Impact of global supply chain disruptions and raw material price volatility.
Environmental regulations and the shift towards sustainable manufacturing practices.
Potential market consolidation and mergers within the industry.
Changes in demand from the construction and infrastructure sectors.