In 2023, Germany led the European sold production of continuous-action elevators or conveyors with €1.717 billion, followed by Italy with €0.30495 billion and Spain with €0.12913 billion. Germany showed a moderate growth of 2.09%, while Italy experienced a notable increase of 9.25%. Spain's market rose slightly by 2.64%. Conversely, France, Poland, and Austria saw contractions, with Austria experiencing the largest decline at -30.13%.
Looking ahead, the European market is expected to be shaped by continued innovation in automation and smart technologies, with sustainability efforts and supply chain optimizations acting as key growth drivers. Countries like Italy and Lithuania are poised for further growth, while traditional powerhouses like Germany will likely maintain their market strength.
Top countries in Sold Production of Continuous-Action Elevators or Conveyors for Goods or Materials by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,717,000,000 | 2023 | +4.05% | +2.09% | View data |
| 2 | 2 Italy | 304,950,000 | 2023 | +1.05% | +9.25% | View data |
| 3 | 3 Spain | 129,130,000 | 2023 | +8.76% | +2.64% | View data |
| 4 | 4 Finland | 117,750,000 | 2023 | +2.82% | +1.25% | View data |
| 5 | 5 Czechia | 116,390,000 | 2023 | |||
| 6 | 6 Netherlands | 106,540,000 | 2023 | +2.49% | -2.05% | View data |
| 7 | 7 United Kingdom | 82,465,000 | 2023 | +0.12% | +2.41% | View data |
| 8 | 8 Denmark | 80,058,000 | 2023 | +5.36% | +2.08% | View data |
| 9 | 9 Sweden | 67,704,000 | 2023 | +7.25% | -0.17% | View data |
| 10 | 10 Belgium | 60,950,000 | 2023 | +10.68% | +7.04% | View data |
