In 2023, Germany led the European market for lifts, skip hoists, escalators, and moving walkways with a market size of 474.76 million Euros, followed closely by France at 435.52 million Euros and the United Kingdom at 249.34 million Euros. Other countries such as Finland and the Czech Republic also showed significant market sizes of 231.92 and 174.92 million Euros, respectively. Year-on-year growth in 2023 was strongest in Finland at 5.9%, while Poland experienced a decline of 3.01%. Long-term CAGR trends indicate steady growth across most markets, with notable potential for Finland and Lithuania.
Future trends to watch in this market include:
- The impact of digitalization on maintenance and service offerings.
- Increasing demand for energy-efficient and sustainable solutions.
- Expansion opportunities in Eastern European markets.
- Regulatory changes affecting safety standards and innovation capabilities.
Top countries in Lifts, Skip Hoists, Escalators and Moving Walkways Market Size Value by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 474,760,000 | 2023 | +0.89% | +1.31% | View data |
| 2 | 2 France | 435,520,000 | 2023 | +1.5% | +2.27% | View data |
| 3 | 3 United Kingdom | 249,340,000 | 2023 | +1.71% | +0.74% | View data |
| 4 | 4 Finland | 231,920,000 | 2023 | +2.11% | +5.9% | View data |
| 5 | 5 Czech Republic | 174,920,000 | 2023 | +3.62% | +0.38% | View data |
| 6 | 6 Poland | 169,640,000 | 2023 | +2.8% | -3.01% | View data |
| 7 | 7 Denmark | 50,389,000 | 2023 | +5.02% | +4.86% | View data |
| 8 | 8 Romania | 42,779,000 | 2023 | +3.56% | +1.86% | View data |
| 9 | 9 Lithuania | 30,649,000 | 2023 | +4.47% | +5.25% | View data |
