In 2023, the sold production of non-circular cross-section tubes and pipes, hot- or cold-formed and welded of stainless steel in Germany was at 120.00 million Euros. The forecast from 2024 to 2028 indicates a consistent decline, starting at 116.84 million Euros in 2024 and decreasing annually by approximately 2-3%, reaching 104.26 million Euros by 2028. The compound annual growth rate (CAGR) over these five years is projected to be negative, reflecting a contraction in this market segment.
Future trends to watch for include:
- Technological advancements in production that may alter cost structures and demand.
- Changes in global trade policies impacting the supply chain.
- Developments in alternative materials that may serve as substitutes.