The Gross Investment in the Manufacture of Electric Lighting Equipment Sector in Germany has seen a significant decline from 2013 to 2023. Starting from 274.0 million euros in 2013, it dropped to 139.8 million euros in 2023, marking a decline of over 48%. Year-on-year variations have shown volatility, with significant drops recorded in 2015, 2019, and 2020. However, there was a notable recovery in 2021.
The recent years' analysis reveals that despite short-term improvements, the overall trend remains downward, with a -1.76% drop from 2022 to 2023. Moreover, the Compound Annual Growth Rate (CAGR) over the last five years stands at -5.57%.
Looking forward to the forecasted period from 2024 to 2028, the trend is expected to continue its decline, with the 5-year CAGR projected at -6.18%. This results in an estimated decrease to 95.0 million euros by 2028, showing an additional decline of 27.31% from 2023 levels.
Future trends to watch for:
- Increasing adoption of energy-efficient technologies and their potential impact on investment levels.
- Government regulations and incentives promoting sustainable manufacturing practices.
- Global supply chain challenges and their influence on the local manufacturing sector.
- Technological advancements and digital transformation within the industry.
