The production in the manufacture of machinery for the mining, quarrying, and construction sector in Germany is set to rise steadily from 2024 to 2028, reaching from 15.56 billion euros in 2024 to 16.53 billion euros in 2028. This represents a consistent year-on-year growth rate of around 1.5% to 1.6% annually.
In 2023, the actual production value was 15.2 billion euros, showcasing moderate growth in this sector despite economic uncertainties. Over the five-year period, we anticipate a compound annual growth rate (CAGR) of approximately 1.5%.
Future trends to watch for:
- Technological advancements driving efficiency and sustainability in machinery manufacturing.
- Increased investment in infrastructure projects boosting demand for heavy machinery.
- Potential geopolitical shifts affecting raw material supply chains and thereby impacting production costs.
