The turnover in the Manufacture of Lifting and Handling Equipment sector in Spain is forecasted to see a gradual decline from 2024 to 2028. Starting from 4.06 billion euros in 2024, the turnover is expected to decrease to 3.99 billion euros by 2028. This represents a year-on-year decrease of 0.5% for 2025, 0.25% for 2026, 0.5% for 2027, and 0.5% for 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately -0.35%, indicating a moderate but consistent downward trend.
In 2023, the turnover stood at 4.08 billion euros, making the year-on-year variation from 2023 to 2024 a decline of about 0.49%, indicating the start of the decreasing trend. Over the last two years, this sector has faced a contraction, likely influenced by broader economic conditions and shifts in industrial demand.
Future trends to watch for include technological advancements in automation, economic conditions affecting industrial investments, potential disruptions in global supply chains, and changes in demand for lifting and handling equipment driven by construction and manufacturing activities.
