In 2023, the production of base metal motor vehicle locks in Germany stood at an undisclosed value. From 2024 onwards, forecasted data shows a steady decline, starting at 47.802 million items in 2024 and decreasing each subsequent year to reach 27.221 million items by 2028. This reflects significant year-on-year reductions: 10.94% from 2024 to 2025, 12.14% from 2025 to 2026, 13.69% from 2026 to 2027, and 15.64% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately -12.58%, indicating a consistent downward trend.
Future trends to watch involve technological advancements in smart locking mechanisms that might replace traditional base metal locks, and potential shifts in automotive manufacturing locations that could impact production volumes in Germany.
