In 2024, Germany remains the leader in European lifting and handling equipment production, with a production value of €18.73 billion, even though it experienced a slight decline of 1.46% year-on-year. Italy follows at €10.01 billion with a 0.81% increase, while France stands at €8.42 billion with a 1.32% growth. Austria and the Netherlands display robust growth rates of 2.44% and 2.17% respectively. Spain's slight decrease of 0.49% positions it at €4.2 billion. The United Kingdom and Finland experienced marginal declines of 1.08% and 0.12%, whereas Poland and Slovakia achieved notable growth rates of 3.46% and 4.48% respectively.
Denmark, Norway, and Belgium exhibited moderate growth, while Greece, Serbia, and Latvia shared remarkable growth rates of 5.77%, 5.33%, and 6.94% respectively. Portugal experienced a significant decline of 3.31%, contrasting with the small yet positive variations in Bulgaria, Estonia, Lithuania, and Bosnia and Herzegovina. Smaller markets like Slovenia and Croatia faced slight reductions in production values.
Looking ahead, future trends in the European lifting and handling equipment production sector will be influenced by technological advancements, automation, and increased demand for efficient logistics solutions. Monitoring the impact of sustainable practices and the integration of AI and IoT technologies will be pivotal for tracking future growth and maintaining competitive advantages.
Top countries in Lifting and Handling Equipment Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,730 | 2023 | +4.12% | -1.46% | View data |
| 2 | 2 Italy | 10,010 | 2023 | +1.67% | +0.81% | View data |
| 3 | 3 France | 8,420 | 2023 | +9.82% | +1.32% | View data |
| 4 | 4 Austria | 5,440 | 2023 | +2.98% | +2.44% | View data |
| 5 | 5 Netherlands | 4,360 | 2023 | +2.43% | +2.17% | View data |
| 6 | 6 Spain | 4,200 | 2023 | -0.0095% | -0.49% | View data |
| 7 | 7 United Kingdom | 3,350 | 2023 | +0.075% | -1.08% | View data |
| 8 | 8 Finland | 2,870 | 2023 | -0.052% | -0.12% | View data |
| 9 | 9 Sweden | 2,800 | 2023 | +1.02% | -0.92% | View data |
| 10 | 10 Poland | 1,380 | 2023 | +8.91% | +3.46% | View data |
