In 2023, the hours worked in the lifting and handling equipment sector in Germany were lower than the forecast for 2024 at 139.82 million hours. Based on the forecast data provided, the sector is projected to see a steady annual increase in hours worked through 2028. Year-on-year growth rates between 2024 and 2028 indicate a modest upward trend, with an average annual growth rate of approximately 0.6%. Over the five-year forecast period, the compound annual growth rate (CAGR) suggests a continued moderate expansion.
Looking ahead, key trends to watch include technological advancements in automation and robotics, which could further optimize efficiency and influence labor demand. Additionally, sustainability initiatives and regulatory changes could impact operational practices and workforce needs within the sector.
