In 2023, the lifting and handling equipment turnover in Belgium stood at an actual figure that we use as a baseline for our analysis. Looking forward, the forecast indicates a consistent year-on-year decline in the industry. The turnover is projected to decrease from 570.4 million euros in 2024 to 480.8 million euros by 2028. This reveals a significant downward trend, with a compound annual growth rate (CAGR) over the next five years reflecting a persistent decrease.
Key percentage variations predicted:
- 2024-2025: -4.0%
- 2025-2026: -4.1%
- 2026-2027: -4.3%
- 2027-2028: -4.4%
Future trends to watch for include technological advancements in automation and robotics, shifts in global supply chains, and potential shifts in regulatory policies, which could influence the demand dynamics and competitive landscape in this sector.
