The European Lifting and Handling Equipment market is led by Germany, with a significant turnover share of 29.96 million Euros, followed by France and Italy with 12.6 and 12.13 million Euros, respectively. Austria and Finland also demonstrate notable shares, while countries like Iceland and Bosnia and Herzegovina have minimal contributions to the market.
The past year has seen varied growth rates across countries. Germany showed a slight increase of 0.61%, with notable increases in Austria (6.18%) and Slovakia (4.88%). Conversely, Spain and Sweden faced declines of -0.99% and -2.66%, respectively. Latvia experienced the highest growth rate at 9.36%, suggesting a dynamic shift in the smaller markets.
Looking ahead, the market is expected to see continued growth, with countries like Poland, Slovakia, and Latvia showing potential for substantial contributions. Monitoring technological advancements and regulatory changes will be critical as these could significantly impact market dynamics. Additionally, sustainability and automation trends are likely to shape the future, influencing both production and distribution within the industry.
Top countries in Lifting and Handling Equipment Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.96 | 2023 | +3.59% | +0.61% | View data |
| 2 | 2 France | 12.6 | 2023 | +8.36% | +1.13% | View data |
| 3 | 3 Italy | 12.13 | 2023 | +1.21% | +0.26% | View data |
| 4 | 4 Austria | 8.86 | 2023 | +6.93% | +6.18% | View data |
| 5 | 5 Finland | 5.9 | 2023 | +2.25% | +2.17% | View data |
| 6 | 6 Netherlands | 5.62 | 2023 | +1.95% | +2.09% | View data |
| 7 | 7 Spain | 5.27 | 2023 | -0.49% | -0.99% | View data |
| 8 | 8 United Kingdom | 4.96 | 2023 | +0.45% | -0.16% | View data |
| 9 | 9 Sweden | 4.27 | 2023 | +0.96% | -2.66% | View data |
| 10 | 10 Poland | 1.88 | 2023 | +9.18% | +3.79% | View data |
