In 2023, the gross investment in the UK’s manufacture of lifting and handling equipment sector was recorded at 103.00 million pounds sterling. The forecasted growth from 2024 to 2028 suggests a steady increase: 2.48% (2025), 2.36% (2026), 2.26% (2027), and 2.17% (2028). The compound annual growth rate (CAGR) over these five years averages around 2.32%, indicating a stable upward trend with gradually diminishing growth rates.
Future trends to watch for include:
- Technological advancements improving efficiency.
- Potential influences of Brexit on trade and manufacturing costs.
- Increasing demand for automation in logistics and warehouse operations.
- Environmental regulations impacting manufacturing practices and investments.
