The production value in the Manufacture of Lifting and Handling Equipment sector in France exhibited several notable trends over the year. After a peak in 2017 with a 27.46% increase, the sector continued growing, reaching 8.42 billion Euros by 2023. Despite a significant drop in 2020 due to the pandemic (-30.05%), the market rebounded significantly. Over the past two years, the year-on-year growth has been robust with 14.35% in 2022 and 9.82% in 2023. The average CAGR over the last five years stands at 1.32%, indicating a steady growth trajectory.
Looking ahead, the forecasted CAGR for the next five years is 2.2%, with the production value expected to reach 9.68 billion Euros by 2028. This growth underscores the sector's resilience and steady recovery post-pandemic.
Future trends to watch for:
- Technological advancements in automation and smart handling equipment
- Increased emphasis on sustainability and eco-efficient machinery
- Potential impacts of evolving trade policies and economic conditions in Europe
