Austria leads the European market in the sold production of lifting equipment designed for mounting on road vehicles, accounting for the largest share with a value of 29.37 Euros in 2023. Italy follows with 23.2 Euros, albeit experiencing a slight decline of 1.76%. Finland and Germany show robust growth with rates of 3.71% and 11.46%, respectively. France also exhibits healthy growth with a 5.33% increase, while Estonia and Croatia record the highest growth at 12.16% and 17.05%, respectively. Germany's growth is particularly notable, suggesting a potential shift in market dynamics.
Looking ahead, the market is expected to see increasing investments in technological advancements and sustainability, potentially driving gains in countries currently experiencing slower growth. Wider adoption of environmentally friendly technologies in lifting equipment could also shift production shares as different countries adapt at varying rates. Close attention to changes in regulations and consumer preferences will be pivotal in shaping the future landscape of this sector in Europe.
Top countries in Sold Production of Lifting Equipment Designed for Mounting on Road Vehicles Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 29.37 | 2023 | +8.4% | +1.63% | View data |
| 2 | 2 Italy | 23.2 | 2023 | +6.47% | -1.76% | View data |
| 3 | 3 Finland | 9.89 | 2023 | +5.21% | +3.71% | View data |
| 4 | 4 Germany | 9.17 | 2023 | +4.74% | +11.46% | View data |
| 5 | 5 France | 8.34 | 2023 | +9.17% | +5.33% | View data |
| 6 | 6 Denmark | 5.36 | 2023 | +5.45% | +2.22% | View data |
| 7 | 7 Netherlands | 5.25 | 2023 | +12.89% | +3.27% | View data |
| 8 | 8 Spain | 4.96 | 2023 | +6.82% | +1.81% | View data |
| 9 | 9 Belgium | 2.86 | 2021 | +17.62% | -4.49% | View data |
| 10 | 10 Estonia | 2.26 | 2023 | +10.73% | +12.16% | View data |
