In 2023, Germany dominated the European market for lifting and handling equipment, holding a significant share of 33.33%. Italy followed with 18.85%, and Spain at 6.96%. Notable growth was observed in Slovakia, Austria, and Belgium, with year-on-year increases of 12.67%, 10.65%, and 8.0%, respectively. In contrast, France experienced a decline of 7.65%. Over the past five years, trends indicate a shift with Eastern European countries slowly gaining momentum.
Future trends to monitor include technological advancements and automation drives in the industry, potentially shifting production to countries with innovative capabilities and cost efficiencies.
Top countries in Sold Production of Lifting and Handling Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.33 | 2023 | +6.18% | +0.4% | View data |
| 2 | 2 Italy | 18.85 | 2023 | +6.56% | +1.16% | View data |
| 3 | 3 Spain | 6.96 | 2023 | +4.88% | +1.44% | View data |
| 4 | 4 France | 5.32 | 2023 | +0.31% | -7.65% | View data |
| 5 | 5 Netherlands | 5.03 | 2023 | +2.36% | +0.97% | View data |
| 6 | 6 United Kingdom | 4.88 | 2023 | +0.16% | +0.18% | View data |
| 7 | 7 Austria | 4.43 | 2023 | +6.02% | +10.65% | View data |
| 8 | 8 Sweden | 4.28 | 2023 | +4.75% | +1.68% | View data |
| 9 | 9 Finland | 3.84 | 2023 | +3.96% | +1.84% | View data |
| 10 | 10 Poland | 2.39 | 2023 | +4.42% | +6.41% | View data |
