The Lifts, Skip Hoists, Escalators, and Moving Walkways market in Germany experienced moderate growth from 2013 to 2023, reaching a market size of 474.76 million Euros in 2023. On average, the market achieved a compound annual growth rate (CAGR) of 1.31% over the last five years, with substantial volatility. Highlighted shifts include a sharp decline in 2020 by 17.41%, followed by a robust recovery in 2021 with a growth of 21.62%. Recent years have shown decelerated growth with year-on-year increases of just under 1% in 2022 and 2023.
Future trends to watch for:
- Renewed emphasis on sustainability and energy efficiency could drive innovations and replacements in older installations.
- The push towards urbanization and infrastructure development is likely to sustain the demand for new installations.
- Technological advancements, such as smart elevators and escalators, are poised to become significant growth drivers in the market.
- Regulatory changes concerning safety and accessibility may lead to increased retrofitting activity.
How does Germany rank in Lifts, Skip Hoists, Escalators and Moving Walkways Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 474,760,000 | 2023 | +0.89% | +1.31% | |
| 2 | 2 France | 435,520,000 | 2023 | +1.5% | +2.27% | View data |
| 3 | 3 United Kingdom | 249,340,000 | 2023 | +1.71% | +0.74% | View data |
| 4 | 4 Finland | 231,920,000 | 2023 | +2.11% | +5.9% | View data |
| 5 | 5 Czech Republic | 174,920,000 | 2023 | +3.62% | +0.38% | View data |
