The manufacture of lifting and handling equipment sector in Sweden demonstrated steady growth from 2013 to 2023, peaking in 2018. By 2023, the production stood at 29.52 billion Swedish Kronas. The years following this peak saw slight declines and more modest year-on-year improvements, with a 1.1% increase in 2023 and a -0.36% CAGR over the past five years.

Future projections suggest a growth trajectory with a forecasted CAGR of 0.81% over the next five years, reaching 31.07 billion Swedish Kronas by 2028, translating to a total growth rate of 4.11% over the period.

Future trends to watch for:

An emphasis on automation and innovative technologies driving efficiency.
Increased investments in sustainable and eco-friendly equipment production.
Potential market expansion due to global supply chain adjustments and demand increases.
Influences of regulatory changes and labor market dynamics on production rates.