The production value of lifting and handling equipment in Norway stood at 1.02 billion euros in 2023. Forecasts show a steady increase, reaching 1.17 billion euros by 2028. The year-on-year percentage variations from 2024 to 2028 are 2.86%, 2.78%, 2.78%, 2.70%, and 2.63%, respectively. Over the last five years, the compound annual growth rate (CAGR) is expected to be 2.75%.
Future trends to watch for include advancements in automation and robotics, which could boost productivity and drive further increases in production value. Additionally, sustainability initiatives may influence technological investments and regulatory landscape changes, affecting production dynamics in the sector.
