In 2023, the import of lifts and skip hoists to Germany stood at approximately 195 million US dollars. The forecasts suggest a steady increase, with imports projected to reach 221.71 million US dollars by 2028. From 2024 to 2028, the import value grows consistently, showcasing year-on-year increases of around 2-3%. The compound annual growth rate (CAGR) over the forecast period is projected to hover around 2.5%.

Future trends to watch for:

Technological advancements in lift and hoist design that may influence import volumes.
Changes in construction activity and urban development plans in Germany which could impact demand.
Macroeconomic factors, such as currency fluctuations and trade agreements, that might affect import costs and volumes.