Spain leads the European production of lifts, skip hoists, escalators, and moving walkways, generating the highest value in 2023, with moderate growth of 1.6% year-on-year. Germany follows with nearly 0.76 billion euros, recording a similar growth rate. Sweden and the Netherlands exhibit significant growth percentages, indicating dynamic market expansion. Meanwhile, France and Italy witnessed declines in production value. Notably, Hungary saw a staggering rise of over 200%, albeit from a smaller base, while countries like Serbia and Croatia experienced substantial contractions.
Future trends to watch include advancements in smart elevator technologies, promoting energy-efficient solutions, and regulatory influences which may drive further innovation and market shifts across Europe. Sustainability will also be a key factor as countries strive to meet greener targets, potentially impacting production directions and investments. Additionally, urbanization trends may influence increases in demand across rapidly growing urban areas, especially in larger economies. Monitoring these factors will be crucial in understanding the market landscape's evolution.
Top countries in Sold Production of Lifts, Skip Hoists, Escalators and Moving Walkways by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,142,400,000 | 2023 | +2.41% | +1.6% | View data |
| 2 | 2 Germany | 764,350,000 | 2023 | +19.38% | +1.58% | View data |
| 3 | 3 Sweden | 243,070,000 | 2023 | +3.46% | +3.15% | View data |
| 4 | 4 Finland | 229,960,000 | 2023 | +5.78% | +2.17% | View data |
| 5 | 5 Netherlands | 170,650,000 | 2023 | +1.52% | +8.73% | View data |
| 6 | 6 Czechia | 157,380,000 | 2023 | |||
| 7 | 7 France | 125,220,000 | 2023 | -20.87% | -17.28% | View data |
| 8 | 8 Italy | 106,570,000 | 2023 | -12.39% | -5.77% | View data |
| 9 | 9 Poland | 54,704,000 | 2023 | +1.93% | +3.26% | View data |
| 10 | 10 Portugal | 39,369,000 | 2023 | +0.83% | +10.65% | View data |
