In 2023, Belgium leads the European market for lifting equipment designed for mounting on road vehicles with a significant sold production volume of 237.99 thousand items. Italy follows with 51.76 thousand items, showing a notable year-on-year increase of 12.76%. The United Kingdom and France, with volumes of 14.1 and 12.16 thousand items respectively, observed positive growth as well. Contrarily, Austria and Finland experienced declines, with Austria seeing a 4.2% drop from the previous year. Smaller markets like Estonia showed modest growth, while Croatia recorded the highest year-on-year increase at 27.54% despite its smaller scale.
Future trends to watch include potential growth in underdeveloped markets as technology advances and environmental regulations drive modernization. There may be increased demand for sustainable and technologically advanced lifting solutions, potentially leading to shifts in market leadership. Keeping an eye on the industrial advancements and policies promoting vehicle infrastructure investment is crucial to forecasting further industry dynamics in Europe.
Top countries in Sold Production of Lifting Equipment Designed for Mounting on Road Vehicles by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 237,990 | 2021 | -3.64% | +10.74% | View data |
| 2 | 2 Italy | 51,760 | 2023 | +2.87% | +12.76% | View data |
| 3 | 3 United Kingdom | 14,100 | 2023 | +1.84% | +4.65% | View data |
| 4 | 4 France | 12,160 | 2023 | -1.76% | +7.35% | View data |
| 5 | 5 Austria | 10,410 | 2023 | +2.35% | -4.2% | View data |
| 6 | 6 Estonia | 4,500 | 2023 | +4.28% | +2.36% | View data |
| 7 | 7 Finland | 4,400 | 2023 | +8.25% | -2.06% | View data |
| 8 | 8 Denmark | 3,730 | 2023 | -1.11% | -0.75% | View data |
| 9 | 9 Spain | 3,640 | 2023 | +4.47% | +0.55% | View data |
| 10 | 10 Germany | 2,860 | 2023 | -0.24% | +4.09% | View data |
