The Finnish market for lifts, skip hoists, escalators, and moving walkways exhibited steady growth, reaching a value of €230.5 million in 2023. Observing a consistent upward trend, the market expanded with a 2.11% year-on-year increase in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 5.9%, indicating progressive market expansion from 2018 to 2023.
Future trends to watch for:
- Increased urbanization, necessitating enhanced vertical transport solutions.
- Technological advancements focused on energy efficiency and smart connected systems.
- A growing emphasis on modernization of existing infrastructure to meet safety and sustainability standards.
How does Finland rank in Lifts, Skip Hoists, Escalators and Moving Walkways Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 474,760,000 | 2023 | +0.89% | +1.31% | View data |
| 2 | 2 France | 435,520,000 | 2023 | +1.5% | +2.27% | View data |
| 3 | 3 United Kingdom | 249,340,000 | 2023 | +1.71% | +0.74% | View data |
| 4 | 4 Finland | 231,920,000 | 2023 | +2.11% | +5.9% | |
| 5 | 5 Czech Republic | 174,920,000 | 2023 | +3.62% | +0.38% | View data |
| 6 | 6 Poland | 169,640,000 | 2023 | +2.8% | -3.01% | View data |
