Forecast: Production in Manufacture of Motor Vehicles Sector in Germany

The production in the manufacture of motor vehicles sector in Germany experienced significant fluctuations from 2013 to 2023, with values expressed in Billion Euros. In 2023, the sector stood at 347.17 billion Euros. Key year-on-year variations include a notable decrease of -13.21% in 2020 and considerable recovery in subsequent years, with a 13.88% increase in 2021 and a 5.88% increase in 2023. The average CAGR over the past five years is 2.64%, indicating steady growth following the 2020 downturn.

From 2024 onwards, forecasted data suggests a continued upward trend with an anticipated five-year CAGR of 2.15%, leading to a forecasted value of 397.63 billion Euros by 2028, reflecting an 11.24% growth rate over these five years.

Future trends to watch for include potential impacts from advancements in electric vehicle technology, changes in emission regulations, and shifts in consumer preferences towards sustainable transport options. Additionally, the global supply chain disruptions and evolving economic conditions could significantly influence production rates.