In 2023, the German market for lifts, skip hoists, escalators, and moving walkways stood at an actual value of 475 Million Euros. Forecasts indicate a steady growth trajectory from 2024 to 2028, with market values rising incrementally each year: 479.37 million in 2024, 483.84 million in 2025, 488.21 million in 2026, 492.5 million in 2027, and 496.7 million in 2028. Calculating the year-on-year variation from 2024 to 2028, we observe an average annual growth of around 1%, suggesting a stable yet modest expansion.
Future trends to watch for in this sector may include:
- Technological advancements in smart and energy-efficient systems.
- Potential market growth driven by urbanization and infrastructure development.
- Increasing demand for maintenance and retrofitting of existing systems.
