The lifting and handling equipment manufacturing market in Germany was valued at 12.5 billion Euros in 2023. From 2024 to 2028, the market is forecasted to grow steadily from 12.882 billion Euros to 14.677 billion Euros. The year-on-year percentage variations are as follows: 3.53% in 2025, 3.38% in 2026, 3.24% in 2027, and finally 3.10% in 2028. The compound annual growth rate (CAGR) over the last five years is expected to be approximately 3.25% from 2024 to 2028.
Future trends to watch for in the lifting and handling equipment manufacturing market include advancements in automation, increasing demand for efficiency and safety in industrial operations, and the adoption of Internet of Things (IoT) technology to enhance equipment monitoring and maintenance.
