Germany is the dominant player in the European market for continuous-action elevators or conveyors, contributing 57.88% to the total EU sold production. Italy and Spain trail behind with 10.28% and 4.35%, respectively. Smaller contributions come from Finland, Czechia, and the Netherlands. Notable year-on-year variations in 2023 include Italy's growth of 9.25% and Belgium's 7.04%, while Austria significantly decreased by 30.13%. Negative growth was also observed in France and Poland. Over the last 5 years, the compound annual growth rates illustrate diverse trends with Lithuania exhibiting a strong upward movement at 11.05%.
Future trends to watch include potential shifts driven by technological advancements, green initiatives, and evolving industry needs. As European countries enhance their infrastructure and focus on sustainability, there may be increased demand in sectors like logistics and manufacturing, possibly benefiting countries with robust industrial bases such as Germany and Italy. Monitoring regulatory changes and economic climates will also be crucial for forecasting market movements.
Top countries in Sold Production of Continuous-Action Elevators or Conveyors for Goods or Materials Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 57.88 | 2023 | +4.05% | +2.09% | View data |
| 2 | 2 Italy | 10.28 | 2023 | +1.05% | +9.25% | View data |
| 3 | 3 Spain | 4.35 | 2023 | +8.76% | +2.64% | View data |
| 4 | 4 Finland | 3.97 | 2023 | +2.82% | +1.25% | View data |
| 5 | 5 Czechia | 3.92 | 2023 | |||
| 6 | 6 Netherlands | 3.59 | 2023 | +2.49% | -2.05% | View data |
| 7 | 7 United Kingdom | 2.78 | 2023 | +0.12% | +2.41% | View data |
| 8 | 8 Denmark | 2.7 | 2023 | +5.36% | +2.08% | View data |
| 9 | 9 Sweden | 2.28 | 2023 | +7.25% | -0.17% | View data |
| 10 | 10 Belgium | 2.05 | 2023 | +10.68% | +7.04% | View data |
