In the German motor vehicles, trailers, and semi-trailers manufacturing sector, the forecasted turnover shows a steady growth from 2024 to 2028, moving from 566.88 billion euros to 602.46 billion euros. Based on available estimates, this sector saw a turnover of approximately 555 billion euros in 2023.
The year-on-year growth from 2024 to 2025 is 1.6%, and from 2025 to 2026, it is 1.6% as well. Over the entire forecasted period, the compound annual growth rate (CAGR) is around 1.5%.
Future trends to watch for include:
- Emergence of electric vehicles affecting market dynamics.
- Technological advancements in autonomous driving.
- Regulatory changes on emissions and environmental standards.
