Forecast: Lifting and Handling Equipment Manufacturing Market Size Volume in Austria

The Lifting and Handling Equipment Manufacturing Market in Austria in 2023 stood at 21.654 million kilograms. Based on the forecasted data, the market is anticipated to grow steadily over the next five years, reaching 27.151 million kilograms by 2028. The year-on-year growth percentages from 2024 to 2028 show an upward trend, indicating a healthy expansion in market volume. Specifically, the yearly growth rates are as follows: 4.91% from 2024 to 2025, 4.63% from 2025 to 2026, 4.38% from 2026 to 2027, and 4.16% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is approximately 4.52%.

Future trends to watch for include advancements in automation and robotics technology, which are expected to drive efficiency and productivity in the lifting and handling equipment sector. Additionally, an increasing emphasis on safety regulations and ergonomic designs may influence market growth and product development. Sustainable manufacturing practices and the integration of smart technologies are also anticipated to shape the market landscape in the coming years.

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