As of 2023, the sold production of gearboxes and other speed changers for machinery and land and sea vehicles in Germany stood at an actual value slightly below the forthcoming 2024 forecast of 1.4204 billion euros. Over the subsequent years, a modest but consistent growth trend is projected. The year-on-year percentage increases from 2024 through 2028 reveal an average annual rise of approximately 1.8%, marking a stable expansion. The 5-year compound annual growth rate (CAGR) further supports a gradual upward trajectory in production value.
Future trends to watch include the impact of technological advancements, especially in electric and hybrid vehicles, regulatory shifts towards sustainability, and potential disruptions in supply chains that could influence production capacities and demands.
