The forecast data for the sold production of lifting and handling equipment in Austria indicates a steady increase from 2024 to 2028. The value is expected to grow from 2.1158 billion Euros in 2024 to 2.2427 billion Euros in 2028.
Comparing the year-on-year variations:
• 2024-2025: The value increases by approximately 1.52%
• 2025-2026: The value sees an increment of around 1.48%
• 2026-2027: The growth rate is about 1.44%
• 2027-2028: The increase is roughly 1.42%
Averaging the annual growth rate over the forecasted five-year period, the CAGR stands at approximately 1.46%.
The value for 2023 was not explicitly provided but the increasing trend from 2024 to 2028 suggests positive market dynamics influenced by technological advancements and rising demand for lifting and handling equipment.
Future trends to watch for include advancements in automation and smart technologies, environmental regulations driving sustainable equipment production, and potential market expansion fueled by infrastructure development projects.
