The lifting and handling equipment manufacturing market in Denmark has seen consistent growth from 2013 to 2023. As of 2023, the market stood at 926.8 million Euros. The year-on-year variations indicate a stable upward trend, with notable growth spurts in 2016 (16.87%) and significant year-on-year increases in subsequent years. The last two years showed a steady increase with 2022 and 2023 exhibiting growth rates of 3.14% and 3.03%, respectively.
Over the last five years, the average annual growth rate (CAGR) has been 3.97%, indicating a healthy expansion trend. Moving forward, the forecasted period from 2024 to 2028 anticipates a slower but steady growth with a CAGR of 2.12%, culminating in an overall growth rate of 11.03% by 2028.
Future trends to watch for:
- Increasing automation within manufacturing processes.
- Integration of smart technologies and IoT in lifting and handling equipment.
- Growing demand for efficient and eco-friendly machinery.
- Potential impacts of global supply chain disruptions on the industry.
