Forecast: Sold Production of Lifting Equipment Designed for Mounting on Road Vehicles in Germany

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.

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