In Finland, the market size volume for pulley tackle and hoists non-powered by electric motor has demonstrated a steady upward trajectory. By 2023, the market reached 57.07 thousand units, representing a consistent year-on-year growth since 2019. Notably, in the last two years, there was a 2.7% rise in 2022 followed by a 2.53% increase in 2023. Over the past five years, the market experienced a Compound Annual Growth Rate (CAGR) of 0.82%, indicating a slow yet positive growth trend.
Future trends to watch for include:
- Emerging preferences for more sustainable and environmentally friendly lifting solutions.
- Technological advancements leading to more efficient and cost-effective non-powered hoisting systems.
- Increased demand from sectors such as construction and manufacturing that prioritize safety and manual lifting aids.
