In 2023, the number of employees in the manufacture of lifting and handling equipment sector in Germany was approximately 93.84 thousand. Forecasts for 2024 to 2028 show steady growth, with values rising from 94.58 thousand to 97.56 thousand employees. The year-on-year percentage increase ranges from a steady 0.80% to 0.75% between 2024 and 2028. The compound annual growth rate (CAGR) over this five-year period is a modest but consistent annual increase, illustrating a stable upward trend in employment.

The future trends to watch for in this sector include:

Technological innovations potentially increasing productivity and automation impacts.
Further integration of digitalization and IoT in lifting and handling equipment.
Shifts in global trade policies influencing demand and production locations.
Increased emphasis on sustainability and energy efficiency, prompting industry shifts.