The German market for the manufacture of lifting and handling equipment is forecasted to increase over the coming years, with a turnover expected to grow from €23.53 billion in 2024 to €24.75 billion by 2028. In 2023, the sector's turnover stood at €23.23 billion. The sector shows a steady year-on-year growth rate: 1.3% (2024), 1.3% (2025), 1.4% (2026), 1.2% (2027), and 1.2% (2028). The Compound Annual Growth Rate (CAGR) over the period from 2023 through 2028 is approximately 1.3%.

Future trends to watch for in this sector include:

Technological advancements in automation and smart, connected machinery.
Increased investment in sustainable and energy-efficient equipment.
The impact of global supply chain disruptions and geopolitical factors on manufacturing and sales operations within Germany.
Shifts in industry regulations and safety standards mandating equipment upgrades.