In 2023, Italy led European sold production of lifting equipment with 108.34 thousand items, followed by Germany and the United Kingdom. Italy saw a notable increase of 14.49% from the previous year. Estonia showed the largest year-on-year growth at 31.7%, while Bulgaria experienced the largest decline at -26.27%. The market overall displayed varied trends, with new players like Croatia growing at 14.87% but established markets like Poland and Denmark shrinking. Five-year CAGR analysis reveals Italy's strong position despite mixed performance across countries.
Looking ahead to 2024, Europe might see continued growth in Italy and revival in Germany, while emerging markets like Estonia and Croatia may maintain robust growth. The sector's future could hinge on technological advancements, sustainability trends, and economic recovery factors.
Top countries in Sold Production of Lifting Equipment by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 108,340 | 2023 | +17.68% | +14.49% | View data |
| 2 | 2 Germany | 62,250 | 2023 | -2.99% | -2.6% | View data |
| 3 | 3 United Kingdom | 7,790 | 2023 | +2.72% | +2.4% | View data |
| 4 | 4 Finland | 5,010 | 2023 | +43.93% | +10.67% | View data |
| 5 | 5 Spain | 3,270 | 2023 | -2.33% | -0.86% | View data |
| 6 | 6 Denmark | 1,200 | 2023 | -4.14% | -4.03% | View data |
| 7 | 7 Poland | 1,140 | 2023 | -7.7% | -8.27% | View data |
| 8 | 8 Netherlands | 241 | 2021 | -8.37% | View data | |
| 9 | 9 Bulgaria | 198 | 2023 | -44.85% | -26.27% | View data |
| 10 | 10 Austria | 116 | 2021 | +26.78% | View data |
