In 2023, the Gross Investment in the Manufacture of Engines and Turbines sector, excluding aircraft, vehicle, and cycle engines, was recorded at €2 billion. The forecast for 2024 is €2.07 billion, showing a year-on-year increase of 3.5%. By 2028, this figure is predicted to reach €2.32 billion, reflecting a consistent annual growth rate (CAGR) of approximately 3% over five years from 2023.
Future trends to watch for:
- Technological advancements elevating production efficiency and sustainability.
- Policy changes in Germany's energy sector impacting investment dynamics.
- Potential shifts in global economic conditions influencing the sector's performance.