In 2023, the import value of transmissions for motor vehicles to Germany stood at approximately $9.5 billion. The forecast from 2024 to 2028 shows a steady increase, reaching $11.465 billion in 2028. Year-on-year, the import value is expected to increase by roughly 4% to 5% annually, with a compound annual growth rate (CAGR) of approximately 3.7% over the five-year period.
Future trends to watch for:
- Evolving automotive technologies, influencing transmission requirements and imports.
- Potential shifts in trade policies affecting import costs and volumes.
- The growing adoption of electric vehicles and its impact on traditional transmission imports.