The production in the manufacture of lifting and handling equipment sector in Germany stood at 18.74 billion Euros in 2023. Forecast data indicates a steady year-on-year growth rate, with values expected to reach 19.03 billion Euros in 2024, 19.33 billion in 2025, 19.63 billion in 2026, 19.92 billion in 2027, and 20.21 billion in 2028. This translates to an average annual growth rate (CAGR) of 1.52% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Technological advancements and automation within the industry.
- Potential impacts of regulatory changes and trade policies.
- Market demand fluctuations due to global economic conditions.
- Investments in sustainable and energy-efficient lifting and handling equipment.
