The production in the manufacture of lifting and handling equipment sector in Norway stood at 10.36 billion NOK in 2023. Forecasts indicate a steady growth with values projected to reach 10.72 billion NOK in 2024, 11.09 billion NOK in 2025, 11.46 billion NOK in 2026, 11.83 billion NOK in 2027, and 12.19 billion NOK in 2028. This implies year-on-year growth rates of approximately 3.4%, 3.5%, 3.3%, 3.2%, and 3.0% respectively. Over the last two years, the sector experienced growth consolidations, reflecting a stable upward trend.

Key trends for the future include:

Technological advancements enhancing efficiency and safety in lifting and handling equipment.
Increased demand due to infrastructural projects and industrial expansion.
Emphasis on sustainable and eco-friendly equipment solutions.
Global supply chain dynamics impacting production and procurement processes.