The Lifting and Handling Equipment Manufacturing market in Spain experienced significant growth from 2012 to 2019, increasing from €2.0245 billion to €3.8531 billion. The market peaked in 2022 at €3.9745 billion after a notable dip in 2020 and 2021 where year-on-year values slightly declined by -0.64% and -0.65%, respectively. The average annual growth rate (CAGR) over the last five years stands at 5.1%. For 2024, the market is expected to strengthen further.
Future trends to watch for:
- Increased automation and smart technology integration in lifting and handling equipment.
- Rising demand driven by expanding construction and e-commerce industries.
- Enhanced regulatory frameworks focusing on safety and efficiency.
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 12,422,000,000 | 2023 | +3.89% | +3.17% | View data |
| 2 | 2 France | 7,084,600,000 | 2023 | +2.71% | +3.44% | View data |
| 3 | 3 Italy | 6,967,600,000 | 2023 | +2.59% | +5.01% | View data |
| 4 | 4 Spain | 4,368,500,000 | 2023 | +5.08% | +4.66% | |
| 5 | 5 United Kingdom | 3,743,200,000 | 2023 | +1.42% | +2.03% | View data |
| 6 | 6 Finland | 1,708,400,000 | 2023 | +1.36% | +0.32% | View data |
