The market for gearboxes and other speed changers for machinery and land and sea vehicles in Germany, expressed in volume, reached 166.31 million kilograms in 2023. From 2013 to 2023, the market experienced varied growth patterns, with notable surges in 2017 and 2018, hitting a peak growth of 18.88% in 2018. However, market fluctuations were evident, with downturns in 2019 and modest growth in subsequent years. The CAGR for the last five years stands at a meagre 0.6%, reflecting a deceleration in growth compared to prior periods.
Future trends to watch for include:
- Technological advancements leading to more efficient and compact gear solutions.
- Increased demand for electrification and automation in both machinery and vehicles.
- Potential shifts in manufacturing dynamics due to environmental regulations and sustainability efforts.
