In 2023, the sold production of electrical lighting or visual signaling equipment for motor vehicles in Germany stood at approximately €1.1454 billion. With the forecasted values from 2024 to 2028, the industry shows a gradual decline. Year-on-year variations indicate a consistent decrease, with the most significant reduction occurring between 2027 to 2028. The compound annual growth rate (CAGR) over this period reflects a steady decline of approximately 0.48% annually.
Future trends to watch for include:
- Technological advancements in LED and smart lighting solutions that might affect production dynamics.
- The impact of evolving automotive industry trends, such as the rise of electric vehicles.
- Regulatory changes in the EU related to vehicle emissions and safety, influencing signaling equipment demand.