In 2023, the lifting and handling equipment sector recorded 856 enterprises in the UK. The forecast from 2024 to 2028 indicates a gradual decline, with a projected decrease from 854 enterprises in 2024 to 845 in 2028. This reflects a year-on-year reduction of approximately 0.23%. The five-year compound annual growth rate (CAGR) further highlights a subtle but steady downturn, signaling a minor contraction in the sector.
Future trends to watch for include:
- Technological advancements potentially reshaping industry dynamics.
- Changes in regulatory policies affecting operational practices.
- Economic factors influencing investment and enterprise growth.
- Global supply chain shifts and their impact on the UK market.
