In 2024, the forecasted production of belt type continuous-action elevators and conveyors in Germany is 195,640 items. This represents a continued upward trend from the actual 2023 figures, with projected year-on-year growth rates of approximately 1.91% in 2025, 1.85% in 2026, 1.80% in 2027, and 1.75% in 2028.
Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be around 1.83%, indicating steady yet modest growth within this industry segment.
Future trends to watch for include:
- Technological advancements in automation and materials handling.
- Potential regulatory changes impacting manufacturing or environmental standards.
- Fluctuations in demand driven by economic conditions or shifts in key end-user industries such as manufacturing and logistics.
