The European market for pneumatic elevators and conveyors showcased diverse performances across various countries in 2023. Germany remained the dominant player with a substantial production value of €314.76 million, indicating its stronghold in this sector. Italy followed as a distant second, reflecting a robust year-on-year growth of 10.62%. The United Kingdom, with €48.992 million, showed modest growth of 3.39%. Spain saw a slight rise, whereas Denmark and Sweden experienced significant declines. Emerging markets like Portugal demonstrated notable growth with a 16.8% increase, suggesting potential opportunities for expansion.
Future trends in the European market may focus on:
- Technological advancements to increase efficiency in production.
- Increased demand driven by industrial automation and infrastructure development.
- Potential growth in Eastern European countries through market penetration and investments.
- Sustainable production practices aligning with EU regulations.
Top countries in Sold Production of Pneumatic Elevators and Conveyors by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 314,760,000 | 2021 | View data | ||
| 2 | 2 Italy | 98,418,000 | 2023 | +9.72% | +10.62% | View data |
| 3 | 3 United Kingdom | 48,992,000 | 2023 | -2.19% | +3.39% | View data |
| 4 | 4 Netherlands | 33,002,000 | 2021 | +62.71% | View data | |
| 5 | 5 Spain | 27,943,000 | 2023 | +7.88% | +2.14% | View data |
| 6 | 6 Czechia | 11,171,000 | 2023 | |||
| 7 | 7 Denmark | 8,107,300 | 2023 | -21.07% | -12.13% | View data |
| 8 | 8 Finland | 7,604,400 | 2023 | +0.32% | -0.59% | View data |
| 9 | 9 France | 5,705,900 | 2023 | +8.19% | -1.58% | View data |
| 10 | 10 Sweden | 2,771,600 | 2023 | -19.13% | -14.02% | View data |
