In 2023, solid fossil fuels' final consumption in Germany's transport equipment sector was 185.5 thousand tonnes of oil equivalent. In 2024, a 2.67% increase is expected compared to 2023. The trend shows a consistent year-on-year increase: 3.10% in 2025, 2.41% in 2026, 1.88% in 2027, and 1.48% in 2028. The compound annual growth rate (CAGR) over five years is 2.31%, indicating steady growth in consumption.
Future Trends to Watch for:
- Technological advancements in fuel efficiency and alternative energy sources.
- Changes in regulations aiming to reduce fossil fuel dependency.
- Market shifts due to global economic conditions and energy policies.
