The forecasted sold production of installation of lifting and handling equipment in Sweden shows a consistent upward trend from 2024 to 2028, starting at 52.066 million Euros in 2024 and reaching 60.421 million Euros by 2028. In 2023, the actual value stood at 50.023 million Euros. The year-on-year growth rates indicate a stable increase ranging roughly between 3-4% annually, showcasing a robust market.
Variations over the last two years are as follows:
- 2024: 4.08% increase
- 2025: 4.07% increase
- 2026: 3.87% increase
- 2027: 3.70% increase
- 2028: 3.52% increase
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 3.85%, reflecting a healthy and sustainable market growth.
Future trends to watch for include advancements in automation technology, increasing investments in infrastructure projects, and regulatory changes aimed at enhancing safety and efficiency in lifting and handling equipment. These factors could significantly impact the market dynamics, driving further growth and innovation in this sector.
