In 2023, Italy led the European lifting equipment production with nearly 60% of the market. Germany held the second spot with a significant 34.47%. The UK, Finland, and Spain showed moderate shares. Despite Poland's declining production by over 8% from the previous year, Estonia showed a remarkable increase of 31.7%. Smaller markets like Bulgaria and Denmark experienced contractions. The cumulative five-year trends reaffirm the dominance of Italy, with a noted increase, while Germany experienced a slight downturn.
Future trends to watch include potential technological advancements and the sustainability push in lifting equipment, influencing production volumes. Italy might continue its dominance, but Germany could rebound with innovation-driven growth, while smaller players might consolidate or grow through niche markets strategies.
Top countries in Sold Production of Lifting Equipment Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 59.99 | 2023 | +17.68% | +14.49% | View data |
| 2 | 2 Germany | 34.47 | 2023 | -2.99% | -2.6% | View data |
| 3 | 3 United Kingdom | 4.31 | 2023 | +2.72% | +2.4% | View data |
| 4 | 4 Finland | 2.78 | 2023 | +43.93% | +10.67% | View data |
| 5 | 5 Spain | 1.81 | 2023 | -2.33% | -0.86% | View data |
| 6 | 6 Denmark | 0.67 | 2023 | -4.14% | -4.03% | View data |
| 7 | 7 Poland | 0.63 | 2023 | -7.7% | -8.27% | View data |
| 8 | 8 Netherlands | 0.13 | 2021 | -8.37% | View data | |
| 9 | 9 Bulgaria | 0.11 | 2023 | -44.85% | -26.27% | View data |
| 10 | 10 Austria | 0.064 | 2021 | +26.78% | View data |
