The forecast for sold production of self-propelled lifting equipment in Italy indicates a steady decline from 2024 through 2028. Starting at 75.73 million Euros in 2024, the industry is expected to contract annually, reaching 38.943 million Euros by 2028. This represents a negative growth trend with double-digit year-on-year reductions between 2024 to 2028. The data suggest an average annual decrease over the five-year period.
Future trends to watch for:
- Technological advancements that may reduce reliance on traditional heavy lifting equipment.
- Potential increases in demand due to infrastructural development or changes in construction methodologies.
- Regulatory changes influencing manufacturing or operational practices within construction and quarrying sectors.