The Lifting and Handling Equipment Manufacturing market in Sweden experienced noticeable fluctuations from 2012 to 2022. Following a decline from 2012 to 2015, the market rebounded in 2016 with an 18.62% increase, reaching its peak in 2021 at 1117.6 million euros. The compound annual growth rate (CAGR) over the last five years (2017-2022) was 5.77%, driven by consistent growth despite minor setbacks in 2018 and 2019. In 2022, the market value stabilized at 1118.0 million euros, showing a marginal year-on-year growth of 0.032%.
Trends to watch for in the future include:
- Technological advancements in automation and AI integration, which could significantly enhance equipment efficiency and safety.
- Sustainability efforts and the push for eco-friendly solutions, likely to drive innovation and change in manufacturing processes.
- Global supply chain dynamics and their impact on the acquisition of raw materials and components necessary for production.
How does Sweden rank in Lifting and Handling Equipment Manufacturing Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 12,422,000,000 | 2023 | +3.89% | +3.17% | View data |
| 2 | 2 France | 7,084,600,000 | 2023 | +2.71% | +3.44% | View data |
| 3 | 3 Italy | 6,967,600,000 | 2023 | +2.59% | +5.01% | View data |
| 4 | 4 Spain | 4,368,500,000 | 2023 | +5.08% | +4.66% | View data |
| 5 | 5 United Kingdom | 3,743,200,000 | 2023 | +1.42% | +2.03% | View data |
| 6 | 6 Finland | 1,708,400,000 | 2023 | +1.36% | +0.32% | View data |
| 7 | 7 Sweden | 1,167,900,000 | 2023 | +2.21% | +4.01% | |
| 8 | 8 Denmark | 926,800,000 | 2023 | +3.03% | +3.97% | View data |
| 9 | 9 Poland | 847,860,000 | 2023 | +3.02% | +0.26% | View data |
