The production of railway material in Germany saw no activity from 2013 to 2015. However, starting in 2016, the industry picked up significantly, reaching around 177 million kilograms. From 2017 to 2021, there was a mixture of fluctuations, including an abrupt increase of 38.2% in 2021. Notably, 2022 marked a sharp downturn with a 44.43% decrease. In 2023, production began to recover, experiencing a 13.62% increase, and standing at approximately 139 million kilograms. The compound annual growth rate (CAGR) over the last five years was -1.78%, indicating a slight long-term decline. Future forecasts suggest minimal growth, with a 5-year CAGR predicted to be 0.01%, reaching nearly 140 million kilograms by 2028.
Future trends to watch for include:
- The stability of production levels around 140 million kilograms from 2024 onward, indicating a plateau.
- Potential impacts of technological advancements and environmental regulations on production efficiencies.
- The influence of global economic conditions and trade policies on the railway material supply chain.