In 2023, the turnover for lifting and handling equipment in Norway stood at 922.6 million Euros. The forecasted data reveals a decreasing trend in turnover from 2024 to 2028, where it starts at 898.2 million Euros in 2024 and declines year-on-year to 804.8 million Euros in 2028. The year-on-year variation shows an average annual decline of approximately 3% over this five-year period. The compounded annual growth rate (CAGR), representing the average annual decrease over the forecast period, is around 2.75%.
Future trends to watch for include potential technological advancements in lifting and handling equipment that may counteract the declining turnover, increased infrastructure development under government initiatives, and the influence of economic policies affecting industrial investments in Norway. Monitoring the global supply chain dynamics and eco-friendly equipment preference shifts might also provide critical insights into future market directions.
