From 2013 to 2023, the French market for pneumatic and other continuous action elevators and conveyors for goods or materials observed significant growth. In 2023, the market size reached 825.06 million Euros. Although there was a decline in 2020 due to external disruptions, the market recovered with consistent growth over the following years. The year-on-year growth rate from 2022 to 2023 was 4.33%, while the five-year compound annual growth rate (CAGR) was 1.46%, indicating steady market expansion in recent years.
Future trends to watch for include:
- Emerging technological advancements driving efficiency.
- Regulatory changes impacting market operations.
- Increased demand in the construction and logistics sectors.
- Potential environmental regulations impacting production and operation methods.
- Geopolitical factors influencing supply chain dynamics.
