The lifting equipment market in Germany exhibited fluctuations over the years, with a peak value in 2015 at 816.49 million Euros and a downward trend post-2016. In 2023, the market stood at 699.55 million Euros, reflecting a slight decline. Notable variations included a sharp decrease in 2020 by 20.11% and a subsequent recovery in 2021 with a 19.52% increase. The last two years showed minor contractions, with -0.79% in 2022 and -0.78% in 2023. The average annual variation over the last five years (CAGR) was approximately 0.79%. Forecasts suggest a continuous gradual decline, with a -0.67% CAGR over the next five years, projecting the market size to reach 670.71 million Euros by 2028.
The market is anticipated to face a slow but steady decline due to potential factors such as evolving automation technologies, increasing regulatory constraints, and economic uncertainties. Future trends to watch for include advancements in smart lifting equipment, increased adoption of IoT for operational efficiency, and sustainability initiatives shaping product innovations.
