In 2023, Germany held a leading position in European sold production of pneumatic and other continuous-action elevators and conveyors, with a value share of 44.21%. Italy and the Netherlands followed with 10.59% and 9.86%, respectively. Denmark's market expanded notably with a 7.9% year-on-year increase, reflective of strong performance relative to other European counterparts. Notably, Ireland's market declined significantly by 50.14%, and Austria experienced a substantial decline as well. Over the past five years, the European market has demonstrated varying growth rates, with countries like Portugal seeing significant growth.
Looking towards the future, anticipate potential growth in Eastern European countries as manufacturing and industrial activities rise. Additionally, technological advancements and increased focus on efficiency and automation may drive further innovations in the sector, sustaining growth across major European markets. Monitoring shifts in manufacturing hubs and economic policies will be crucial for anticipating market dynamics.
Top countries in Sold Production of Pneumatic and Other Continuous Action Elevators and Conveyors, for Goods or Materials Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.21 | 2023 | +0.74% | +4.32% | View data |
| 2 | 2 Italy | 10.59 | 2023 | +3.07% | +2.54% | View data |
| 3 | 3 Netherlands | 9.86 | 2023 | +1.34% | +0.08% | View data |
| 4 | 4 France | 6.16 | 2023 | +6.37% | -0.28% | View data |
| 5 | 5 United Kingdom | 5.95 | 2023 | +1.06% | +2.62% | View data |
| 6 | 6 Denmark | 5.24 | 2023 | +0.48% | +7.9% | View data |
| 7 | 7 Spain | 5.03 | 2023 | +5.86% | +3.23% | View data |
| 8 | 8 Czechia | 2.84 | 2023 | |||
| 9 | 9 Poland | 2.66 | 2023 | +4.34% | +6.17% | View data |
| 10 | 10 Sweden | 2.11 | 2023 | +3.68% | +5.33% | View data |
