Italy leads the European sold production of lifting and handling equipment with a significant share of 36.18% by kilograms. This is followed by Germany at 12.21%, and Poland at 11.54%. The United Kingdom and Austria also hold notable shares of 9.24% and 7.17% respectively. Noteworthy countries with smaller shares include France at 1.25% and Spain at 1.16%. Over the past year, Italy experienced a substantial increase of 22.96%, while France also saw a significant rise of 19.16%. In contrast, Estonia and Hungary had negative year-on-year variations of -2.79% and -4.81% respectively. The Compound Annual Growth Rate (CAGR) over the past five years indicates consistent growth in most countries, although some regions like Sweden and Hungary have faced declines.
Future trends to watch include the potential for further consolidation in Italy's market share and increased investments in automation and advanced technologies across Europe. An uptick in environmental regulations may also drive innovation in sustainable lifting and handling solutions. Additionally, economic fluctuations and geopolitical factors could impact production volumes and shares across the different countries.
Top countries in Sold Production of Lifting and Handling Equipment Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.18 | 2023 | +16.76% | +22.96% | View data |
| 2 | 2 Germany | 12.21 | 2023 | +3.62% | +1.13% | View data |
| 3 | 3 Poland | 11.54 | 2023 | +5.38% | +5.81% | View data |
| 4 | 4 United Kingdom | 9.24 | 2023 | +3.23% | +3.66% | View data |
| 5 | 5 Austria | 7.17 | 2023 | +1.48% | +4.85% | View data |
| 6 | 6 Netherlands | 5.43 | 2023 | +1.19% | +0.089% | View data |
| 7 | 7 Sweden | 5.31 | 2023 | +5.97% | -0.77% | View data |
| 8 | 8 Estonia | 2.68 | 2023 | +7.56% | -2.79% | View data |
| 9 | 9 Hungary | 2.66 | 2023 | -5.25% | -4.81% | View data |
| 10 | 10 France | 1.25 | 2023 | -6.03% | +19.16% | View data |
