In 2023, the actual production of lifting and handling equipment in Germany was approximately 39.105 million kilograms. The forecast from 2024 to 2028 indicates a steady increase in production volume:
- 2024: 39.352 million kilograms
- 2025: 39.632 million kilograms
- 2026: 39.910 million kilograms
- 2027: 40.184 million kilograms
- 2028: 40.456 million kilograms
This reflects year-on-year growth percentages of approximately 0.63% between 2024 and 2025, 0.70% between 2025 and 2026, 0.69% between 2026 and 2027, and 0.68% between 2027 and 2028. The compound annual growth rate (CAGR) over this forecast period through 2028 is consistent at approximately 0.68% annually.
Future trends to watch for include technological advancements in automation and efficiency in manufacturing processes, which could potentially accelerate growth, and fluctuating economic conditions that might influence demand for industrial equipment.
