The turnover in the manufacture of lifting and handling equipment sector in Austria shows a positive trend from 2024 onwards. The data indicates that the sector's turnover is expected to increase from €7.3 billion in 2024 to €8.98 billion by 2028. Compared to 2023, the turnover stood at €7.0 billion. The year-on-year growth rates are 5.89% for 2025, 5.56% for 2026, 5.02% for 2027, and 4.78% for 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 5.3%.
Future trends to watch for include advancements in automation, increased investments in infrastructure projects, and the growing adoption of smart technologies in lifting and handling equipment. Sustainability and eco-friendly practices are likely to influence new product development and industry strategies moving forward.
