Forecast: Lifting and Handling Equipment Turnover in Austria

The lifting and handling equipment turnover in Austria in 2023 stood at 7.02 billion Euros. The forecasted data from 2024 to 2028 indicate a steady growth in this sector. The turnover is projected to be 7.3 billion Euros in 2024, growing to 8.98 billion Euros by 2028. Year-on-year, the turnover is expected to increase by approximately 5.9% in 2025, 5.56% in 2026, 5.02% in 2027, and 4.78% in 2028. Over the last two years, the variations indicate a consistent upward trend. The compound annual growth rate (CAGR) over the five-year period is expected to be around 5.1%.

Future trends to watch for in the lifting and handling equipment market include advancements in automation and smart technology integration, along with a growing emphasis on sustainability and energy-efficient solutions. Additionally, the continued development of logistics and warehousing infrastructure will likely drive further growth in the sector.

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