In 2023, the turnover for lifting and handling equipment in Germany stood at 23.22 billion euros. As we move into the forecasted data, there is a clear upward trend observed. The turnover is expected to increase from 23.53 billion euros in 2024 to 24.75 billion euros by 2028, marking a steady increase each year. The year-on-year variation indicates a gradual growth: 1.32% from 2024 to 2025, 1.30% from 2025 to 2026, 1.24% from 2026 to 2027, and 1.23% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be approximately 1.27%.
Future trends to watch for include technological advancements in lifting and handling equipment, shifts in industrial demand, and economic factors that could influence investments in this sector. Additionally, evolving safety regulations and sustainability initiatives could play significant roles in shaping future trends and innovations within the industry.
