In 2023, Italy led European sold production of built-in jacking systems for garages, valued at 212.85 million euros, followed by Germany at 125.32 million euros. Spain, Denmark, Bulgaria, the United Kingdom, and Finland trailed with significantly lower figures. Year-on-year, Italy and Germany saw growth rates of 1.77% and 1.93%, respectively, while Spain and Denmark experienced declines at -1.29% and -1.92%. The United Kingdom faced the steepest decline at -20.68%, whereas Bulgaria saw modest growth, and Finland remained stable.
Future trends to watch include:
- Technological advancements improving efficiency and capabilities of jacking systems.
- Increased demand linked to automotive service sector growth.
- Potential impacts of regulations aimed at enhancing safety standards.
Top countries in Sold Production of Built-In Jacking Systems of a Type Used in Garages for Raising Vehicles by Country
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 212,850,000 | 2023 | +8.19% | +1.77% | View data |
| 2 | 2 Germany | 125,320,000 | 2023 | +8.26% | +1.93% | View data |
| 3 | 3 Spain | 13,612,000 | 2023 | +2.12% | -1.29% | View data |
| 4 | 4 Denmark | 12,947,000 | 2023 | +7.51% | -1.92% | View data |
| 5 | 5 Bulgaria | 560,300 | 2023 | +1.07% | +1.56% | View data |
| 6 | 6 United Kingdom | 415,170 | 2023 | -27.99% | -20.68% | View data |
| 7 | 7 Finland | 10,250 | 2023 | +3.4% | View data |
