In 2023, Germany and Italy led the European market for parts of lifting and handling equipment, with values of €2.5031 billion and €2.0062 billion, respectively. However, both countries experienced declines with Germany seeing a -2.41% decrease and Italy falling by -2.03%. Spain, Finland, and Slovakia followed in terms of production value, with Spain showing a slight growth of 0.82%, Finland 0.48%, and Slovakia an impressive 14.48% increase. France faced a significant drop of -14.27%, while Poland and Greece showed notable growth, at 6.65% and 8.84%. Among the smaller markets, Serbia saw a remarkable 17.64% rise, contrasting with Latvia’s steep -21.63% decline.
Future trends to watch include continued consolidation in the German and Italian markets, shifts in production to countries with increasing outputs like Slovakia and Poland, and potential recovery phases for markets which experienced sharp declines, such as France and Latvia. Other emerging markets like Greece and Serbia could continue their upward trajectory, driven by investments and industrial demand.
Top countries in Sold Production of Parts of Lifting and Handling Equipment by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,503,100,000 | 2023 | +1.25% | -2.41% | View data |
| 2 | 2 Italy | 2,006,200,000 | 2023 | +5.44% | -2.03% | View data |
| 3 | 3 Spain | 760,580,000 | 2023 | +5.63% | +0.82% | View data |
| 4 | 4 Finland | 651,190,000 | 2023 | +1.36% | +0.48% | View data |
| 5 | 5 Slovakia | 498,700,000 | 2023 | +4.97% | +14.48% | View data |
| 6 | 6 Austria | 496,690,000 | 2023 | +2.42% | +5.65% | View data |
| 7 | 7 Czechia | 436,090,000 | 2023 | |||
| 8 | 8 Sweden | 422,740,000 | 2023 | +4.09% | +0.98% | View data |
| 9 | 9 Slovenia | 346,730,000 | 2023 | +5.44% | +5.4% | View data |
| 10 | 10 France | 284,210,000 | 2023 | +4.53% | -14.27% | View data |
