Forecast: Production in Manufacture of Structural Metal Products, Tanks, Reservoirs and Steam Generators Sector in Germany

In 2023, the production value in the manufacture of structural metal products, tanks, reservoirs, and steam generators sector in Germany was recorded at an unspecified figure, acting as the baseline for the forecasted growth. Between 2024 and 2028, this sector is projected to grow from 36.58 billion euros to 37.7 billion euros, representing a steady increase. Year-on-year, the value increment is approximately 0.76%, signaling modest recovery and expansion. Over the 5-year forecast period, the compound annual growth rate (CAGR) stands at approximately 0.76% as well, indicating consistent growth in this sector.

Future trends to watch for include advancements in sustainable manufacturing practices, which could influence production efficiencies and market demand. Additionally, economic factors such as changes in steel prices, European regulatory impacts, and technological innovations in manufacturing processes could further shape the sector’s trajectory over the coming years.