In 2023, the market size of machine tools for working stone, ceramics, concrete, asbestos-cement, or like mineral materials and for cold working glass in Germany stood at 306.4 million Euros. Over the last decade, the market experienced fluctuations with significant growth from 2017 to 2019, peaking at 341.04 million Euros in 2019. The average annual growth rate from 2018 to 2023 saw a decline of 0.66%, indicating stagnation. The last two years showed minimal growth of around 1.2% annually.
Future trends to watch for:
- Industry digitization and automation.
- Rising demand for eco-friendly and sustainable manufacturing practices.
- Potential impact from economic shifts or trade regulations within the EU.
