In 2023, Germany, Italy, and Spain led the European market in the production of parts for lifting and handling equipment, with Germany maintaining the highest share despite a slight decline of 2.41% from the previous year. Italy also saw a decrease of 2.03%, while Spain experienced a small growth of 0.82%. Notable growth included Slovakia with a 14.48% increase and Serbia with 17.64%. Conversely, France witnessed a significant drop of 14.27%. The most substantial downturn was in Latvia, experiencing a -21.63% change.
Future trends to watch include potential continued expansion in Eastern Europe, given the ongoing growth in Slovakia and Hungary. Moreover, the resilience against economic fluctuations in smaller economies like Slovenia and Greece could signal opportunities for strategic investments in these markets. Monitoring advancements in automation and digital solutions will also be crucial, given their impact on production efficiency and cost-effectiveness across the region.
Top countries in Sold Production of Parts of Lifting and Handling Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.83 | 2023 | +1.25% | -2.41% | View data |
| 2 | 2 Italy | 20.7 | 2023 | +5.44% | -2.03% | View data |
| 3 | 3 Spain | 7.85 | 2023 | +5.63% | +0.82% | View data |
| 4 | 4 Finland | 6.72 | 2023 | +1.36% | +0.48% | View data |
| 5 | 5 Slovakia | 5.15 | 2023 | +4.97% | +14.48% | View data |
| 6 | 6 Austria | 5.13 | 2023 | +2.42% | +5.65% | View data |
| 7 | 7 Czechia | 4.5 | 2023 | |||
| 8 | 8 Sweden | 4.36 | 2023 | +4.09% | +0.98% | View data |
| 9 | 9 Slovenia | 3.58 | 2023 | +5.44% | +5.4% | View data |
| 10 | 10 France | 2.93 | 2023 | +4.53% | -14.27% | View data |
