The market size for lifting equipment designed for mounting on road vehicles in Belgium showcased significant fluctuations from 2013 to 2023. In 2023, the market stood at 123.95 million Euros, marking a 3.55% year-on-year increase. Over the past five years, the compound annual growth rate (CAGR) was 0.59%, indicating moderate expansion. Initial growth from 2013 through 2016 was robust, but subsequent years exhibited a pattern of slight declines and recoveries, stabilizing closer to 2023.
Future trends to watch for include advancements in automation and smart technologies, increased demand for eco-friendly lifting solutions, and the impact of economic policies and infrastructure investments on market growth.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 435,900,000 | 2023 | +3.73% | +5.93% | View data |
| 2 | 2 France | 400,290,000 | 2023 | +4.33% | +1.67% | View data |
| 3 | 3 Finland | 251,030,000 | 2023 | +4.55% | +5.55% | View data |
| 4 | 4 Belgium | 123,950,000 | 2023 | +3.55% | +0.59% | |
| 5 | 5 Denmark | 111,220,000 | 2023 | +5.49% | +3.49% | View data |
| 6 | 6 Czech Republic | 60,410,000 | 2023 | +9.71% | +2.34% | View data |
