The lifting equipment marketed for road vehicles in Denmark reached 111.22 million euros in 2023. This represents a consistent growth from 47.506 million euros in 2013, demonstrating a strong upward trend. In recent years, growth has been moderate, with a year-on-year increase of 5.49% in 2023 and a five-year CAGR of 3.49%. The market has shown resilience, with only minor fluctuations such as the slight decline in 2019, followed by recovery in subsequent years.
Future trends to watch for:
- Technological advancements and automation in lifting equipment could drive further growth.
- Increasing demand for eco-friendly and efficient machinery.
- Regulatory changes and infrastructure projects potentially affecting market dynamics.
How does Denmark rank in Lifting Equipment Designed for Mounting on Road Vehicles Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 435,900,000 | 2023 | +3.73% | +5.93% | View data |
| 2 | 2 France | 400,290,000 | 2023 | +4.33% | +1.67% | View data |
| 3 | 3 Finland | 251,030,000 | 2023 | +4.55% | +5.55% | View data |
| 4 | 4 Belgium | 123,950,000 | 2023 | +3.55% | +0.59% | View data |
| 5 | 5 Denmark | 111,220,000 | 2023 | +5.49% | +3.49% | |
| 6 | 6 Czech Republic | 60,410,000 | 2023 | +9.71% | +2.34% | View data |
