In 2023, the sold production of parts of lifting and handling equipment in Sweden was valued at 423 million Euros. From 2024 to 2028, the forecasted data indicates a steady increase in value: 439.2 million Euros in 2024, 455.5 million Euros in 2025, 471.64 million Euros in 2026, 487.61 million Euros in 2027, and 503.42 million Euros in 2028. The year-on-year growth from 2023 to 2024 is 3.8%, followed by 3.7% from 2024 to 2025, 3.5% from 2025 to 2026, 3.4% from 2026 to 2027, and 3.2% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period is approximately 3.5%.
Future trends to watch for include advancements in automation and smart technologies that could drive demand for more sophisticated lifting and handling equipment. Additionally, the shift towards sustainable and eco-friendly machinery may influence the types and specifications of parts produced. Monitoring economic policies and regulations regarding manufacturing and trade will also be crucial as they can significantly impact market dynamics.
