The turnover of Freight Air Transport and Space Transport in Germany witnessed fluctuations from 2013 to 2023, measured in billion euros. The year 2017 marked a significant positive spike with a 22% increase, after which a decline was observed in 2018 and 2019. From 2020 onwards, there has been a steady recovery, with the turnover standing at 4.46 billion euros in 2023. Over the last two years, the growth has been moderate with variations of around 1.8% annually. The compound annual growth rate (CAGR) for the last five years up to 2023 has been relatively low at 1.89%.
Looking ahead, forecasts indicate a stable but gradual increase in turnover from 2024 to 2028, culminating in 4.83 billion euros in 2028. The forecasted CAGR for the next five years is 1.24%, suggesting a consistent but modest growth trajectory with an overall growth rate of 6.37% over this period.
Future trends to watch for:
- Technological advancements in space transport which could significantly alter the market dynamics.
- Economic conditions influencing global trade and demand for freight air transport.
- Regulatory changes impacting the logistics and transportation sector.
