In 2023, the sold production of lifting equipment for road vehicles in Germany was 2.86 thousand items. Forecasts from 2024 to 2028 show a slight decline in production value from 2.85 to 2.83 thousand items. This indicates minimal year-on-year variation. The compound annual growth rate (CAGR) shows a negative trend over this period, hinting at stagnation or marginal decline in the market.
Future trends to watch for include:
- Technological advancements in lifting technology, likely encouraging market evolution.
- Regulatory changes impacting production standards and output volumes.
- Global economic factors influencing demand for lifting equipment in sectors like logistics and construction.