The sold production of lifting and handling equipment in Belgium was at 256.80 million Euros in 2023. The forecasted values are 261.11 million Euros for 2024, 264.65 million Euros for 2025, 268.16 million Euros for 2026, 271.64 million Euros for 2027, and 275.08 million Euros for 2028. This displays a steady year-on-year growth: 1.68% increase from 2023 to 2024, 1.35% from 2024 to 2025, 1.33% from 2025 to 2026, 1.30% from 2026 to 2027, and 1.27% from 2027 to 2028. The CAGR from 2023 to 2028 is approximately 1.39%.
Future trends to watch for in the market include technological advancements in lifting and handling equipment, increased automation, and shifts towards sustainability and environmentally friendly solutions. Moreover, economic factors and industry investments in infrastructure and construction could impact growth rates.
