From 2013 to 2023, Germany's continuous-action elevators or conveyors for goods or materials market grew consistently, reaching a market size of 1500.4 million euros in 2023. The market experienced significant variations, with the highest year-on-year increase of 25.38% in 2017. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 4.3%, highlighting a deceleration in growth compared to earlier years.
Looking ahead, expect technological advancements and increasing automation in industries to be key drivers. Sustainability practices and energy-efficient solutions are likely to gain more focus. Watch for potential market consolidation and increased competition in the coming years.
