The production value of lifting and handling equipment in Belgium is projected to decline steadily from €568.0 million in 2024 to €488.5 million in 2028. This marks an average annual decrease (CAGR) of approximately 3.7% over the five-year period. In comparison to 2023, where the production value stood at €588.5 million, the industry has experienced a continuous downward trend. Year-over-year variations are as follows: between 2024 and 2025, the production value is expected to drop by 3.6%; from 2025 to 2026, a decrease of 3.7%; from 2026 to 2027, a reduction of 3.8%; and from 2027 to 2028, a decline of 3.8% is anticipated.
Future trends to watch for include potential advancements in technology and automation, shifts in global supply chains, and possible market consolidation. Additionally, policies and regulations related to environmental impact and sustainability could influence the market dynamics significantly.
