The forecast for sold production of base metal locks used for doors in Germany indicates a steady decline from 19.43 million items in 2024 to 18.722 million items by 2028. Comparing to 2023, where actual figures are not provided, a decline is seen in the forecast period starting from 2024, with year-on-year reductions averaging approximately 0.89%. The compound annual growth rate (CAGR) over these five years shows an average annual decrease of about 0.94% in production volume.
Future trends to watch for include:
- A possible shift in demand driven by technological advancements, such as smart locks.
- Competitive dynamics potentially affecting domestic production as imports may increase.
- Environmental regulations driving changes in materials used for locks.