The lifting and handling equipment production value in Sweden stood at 2.80 billion Euros in 2023. Based on the provided forecast, the production value is set to experience a steady increase. In 2024, it is projected to be 2.83 billion Euros, reflecting a slight rise. The following years, 2025 through 2028, indicate a consistent incremental growth, reaching up to 2.93 billion Euros by 2028. Year-on-year variations show a modest growth of approximately 0.7%. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is around 0.85%, indicating a stable and gradual upward trend.
Future trends to watch for include advancements in automation and digitalization in lifting and handling technologies, potential economic fluctuations affecting industrial investments, and evolving safety standards driving innovation. Monitoring these factors will be crucial for accurately forecasting production value changes and making informed strategic decisions.