In 2023, the machinery for mining, quarrying, and construction sector in Germany achieved a turnover of €17.65 billion. Forecasted figures indicate a steady growth from 2024 through 2028, with turnover values anticipated to increase from €17.99 billion to €19.44 billion. The year-on-year growth is projected to vary modestly, averaging a Compound Annual Growth Rate (CAGR) of approximately 2% over the five-year period from 2024 to 2028. This growth reflects a stable increase in industry turnover, driven by continued investments and technological advancements.

Future trends to watch for:

Increased automation and digitalization in machinery to enhance productivity and cost-efficiency.
Growing emphasis on environmentally sustainable equipment due to regulatory pressures and market demand.
Expanding international market opportunities as German companies seek to leverage advanced technology in emerging markets.