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08:57

Structural change in the industry

Turnover from services reaches 166 billion euros

German industry is changing from a pure producer to a service provider: companies are increasingly focusing on product-related services such as consulting, assembly and maintenance. According to the ifo Institute, they generated more revenue in 2024 than the entire hospitality industry combined. Mechanical engineering, vehicle construction and the electrical industry are leading the trend.

German industry is changing from a pure producer to a service provider - symbolic image of workers performing maintenance tasks
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