The production in the Manufacture of Lifting and Handling Equipment Sector in Finland reached 2.92 billion Euros in 2023. Over the past decade, the sector has seen a general upward trend, with some fluctuations. Initial years showed modest increases, with significant growth observed from 2017 to 2019. However, the sector faced a downturn in 2020 followed by a gradual recovery. The year-on-year rates for 2022 and 2023 were relatively stable at 0.32% and 0.31%, respectively. The 5-year CAGR leading up to 2028 is forecasted at 0.22%, indicating steady but slow growth.
Future trends to watch for:
- Technological advancements and automation within the industry.
- Potential impacts of global supply chain disruptions.
- Regulatory changes and their effects on production capabilities.
- Expansion into new markets and emerging economies to bolster growth.
