The forecasted data for the sold production of moulded rubber articles for tractors and motor vehicles in Germany suggests a gradual decline from 2024 to 2028. The forecasted total volume decreases annually by approximately 1.5% on average over this period, starting at 31.364 million kilograms in 2024 and declining to 29.506 million kilograms by 2028. In 2023, the production value was approximately 31.8 million kilograms, indicating a decrease of approximately 1.4% from 2023 to 2024. The compound annual growth rate (CAGR) over the five-year forecasted period shows a moderate downward trend.
Future trends to watch include:
- Technological advancements in vehicle parts leading to lighter or more efficient materials.
- Stringent environmental regulations affecting production processes or material choices.
- Market demand shifts towards electric vehicles potentially affecting rubber part requirements.