The lifting and handling equipment manufacturing market volume in the UK was at 37.9 million kilograms in 2023. The forecast data for 2024 to 2028 shows a consistent upward trend with values of 38.224 million kilograms (2024), 38.591 million kilograms (2025), 38.95 million kilograms (2026), 39.302 million kilograms (2027), and 39.647 million kilograms (2028).
Year-on-year variations demonstrate a stable growth pattern:
- 2024 to 2025: +0.97%
- 2025 to 2026: +0.93%
- 2026 to 2027: +0.91%
- 2027 to 2028: +0.88%
The compound annual growth rate (CAGR) over the forecast period (2024-2028) is approximately 0.92%, suggesting a steady increase in market volume.
Future trends to watch for include advancements in automation and robotics that could drive demand for innovative lifting and handling solutions. Additionally, sustainability initiatives might push manufacturers to develop more eco-friendly and energy-efficient equipment.
