Europe: Vehicle-Mounted Lifting Equipment Market 2024

Vehicle-Mounted Lifting Equipment Market Size in Europe

The Europe vehicle-mounted lifting equipment market expanded sharply to $X in 2023, rising by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Vehicle-Mounted Lifting Equipment Production in Europe

In value terms, vehicle-mounted lifting equipment production dropped to $X in 2023 estimated in export price. The total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then fell modestly in the following year.

Vehicle-Mounted Lifting Equipment Exports

Exports in Europe

In 2023, exports of lifting equipment designed for mounting on road vehicles in Europe expanded remarkably to X units, growing by X% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, vehicle-mounted lifting equipment exports surged to $X in 2023. Total exports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Italy (X units) and Austria (X units) represented roughly X% of total exports in 2023. Poland (X units) ranks next in terms of the total exports with an X% share, followed by Finland (X%), Slovakia (X%), Denmark (X%), France (X%) and Estonia (X%).

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vehicle-mounted lifting equipment supplying countries in Europe were Austria ($X), Italy ($X) and Poland ($X), with a combined X% share of total exports. Finland, Slovakia, Denmark, France and Estonia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, jumping by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vehicle-mounted lifting equipment export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Vehicle-Mounted Lifting Equipment Imports

Imports in Europe

In 2023, overseas purchases of lifting equipment designed for mounting on road vehicles increased by X% to X units, rising for the third consecutive year after three years of decline. Total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to see steady growth in the near future.

In value terms, vehicle-mounted lifting equipment imports soared to $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

In 2023, the UK (X units), distantly followed by Belgium (X units), Germany (X units), France (X units), Russia (X units), the Netherlands (X units), Portugal (X units) and Austria (X units) represented the main importers of lifting equipment designed for mounting on road vehicles, together constituting X% of total imports. Spain (X units), Italy (X units), Norway (X units), Sweden (X units) and Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to vehicle-mounted lifting equipment imports into the UK stood at X%. At the same time, Portugal (X%), Spain (X%), Belgium (X%), Ukraine (X%), Austria (X%), Sweden (X%), the Netherlands (X%), Norway (X%), Italy (X%) and Germany (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. France experienced a relatively flat trend pattern. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the UK, Portugal, Belgium, Spain and Austria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The Netherlands, Russia, Spain, Austria, Italy, Sweden, Belgium, Norway, Portugal and Ukraine lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform