Industry Statistics and Trends
Lifting & Handling Equipment Manufacturing in Europe key trends
Germany hosts the lion’s share of European manufacturing operations.
According to Eurostat, in 2020, Germany led the way in lifting and handling equipment manufacturing in Europe.
Global competition will remain fierce, stifling growth prospects.
International competition will be fuelled by innovation among advanced manufacturing industries in China, including automated or robotic lifting equipment, leveraging data analytics, AI and other emerging technologies, intensifying imports.
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Lifting & Handling Equipment Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Lifting & Handling Equipment Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 5.0 % over the past five years, to reach an estimated €83.4bn in 2024.
Trends and Insights
Germany hosts the lion’s share of European manufacturing operations
- According to Eurostat, in 2020, Germany led the way in lifting and handling equipment manufacturing in Europe. According to the latest data release, Germany generated 30.3% of industry revenue in 2020.
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Lifting & Handling Equipment Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Global competition will remain fierce, stifling growth prospects
- Large-scale manufacturers will target export markets for profitable opportunities in the short term, capitalising on the low Euro. However, significant efforts by overseas rivals to improve quality standards and brand reputation will elevate global competition via imports.
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Revenue
€83.4bn
Employees
402k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Lifting & Handling Equipment Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Toyota Material Handling Europe AB | 5,483.1 | 343.2 | 6.3 | |
Schindler Holding Ltd. | 12,627.9 | 1,022.4 | 8.1 | |
Mitsubishi Logisnext Europe BV | 5,043.3 | 120.5 | 2.4 |
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Lifting & Handling Equipment Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Lifting & Handling Equipment Manufacturing industry in Europe in 2024?
The market size of the Lifting & Handling Equipment Manufacturing industry in Europe is €83.4bn in 2024.
How many businesses are there in the Lifting & Handling Equipment Manufacturing in Europe industry in 2024?
There are 8,738 businesses in the Lifting & Handling Equipment Manufacturing industry in Europe, which has declined at a CAGR of 2.0 % between 2019 and 2024.
Has the Lifting & Handling Equipment Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Lifting & Handling Equipment Manufacturing industry in Europe has been declining at a CAGR of 5.0 % between 2019 and 2024.
What is the forecast growth of the Lifting & Handling Equipment Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Lifting & Handling Equipment Manufacturing industry in Europe is expected to grow.
What does the Lifting & Handling Equipment Manufacturing in Europe include?
Industrial trucks and Crane systems are part of the Lifting & Handling Equipment Manufacturing industry.
Which countries have the most businesses in the Lifting & Handling Equipment Manufacturing industry in Europe?
The European country with the most businesses in the Lifting & Handling Equipment Manufacturing industry is Russia.
How competitive is the Lifting & Handling Equipment Manufacturing industry in Europe?
The level of competition is moderate and steady in the Lifting & Handling Equipment Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Lifting & Handling Equipment Manufacturing in Greece
- Lifting & Handling Equipment Manufacturing in Romania
- Lifting & Handling Equipment Manufacturing in Norway
- Lifting & Handling Equipment Manufacturing in Hungary
- Lifting & Handling Equipment Manufacturing in the UK
- Lifting & Handling Equipment Manufacturing in Denmark
- Lifting & Handling Equipment Manufacturing in Germany
- Lifting & Handling Equipment Manufacturing in Malta
- Lifting & Handling Equipment Manufacturing in Bosnia & Herzegovina
- Lifting & Handling Equipment Manufacturing in the UK
- Lifting & Handling Equipment Manufacturing in Germany
- Lifting & Handling Equipment Manufacturing in Austria
- Lifting & Handling Equipment Manufacturing in France
- Lifting & Handling Equipment Manufacturing in Lithuania
- Lifting & Handling Equipment Manufacturing in the Netherlands
- Lifting & Handling Equipment Manufacturing in Belgium
- Lifting & Handling Equipment Manufacturing in Italy
- Lifting & Handling Equipment Manufacturing in Sweden
- Lifting & Handling Equipment Manufacturing in Cyprus
- Lifting & Handling Equipment Manufacturing in Latvia
- Lifting & Handling Equipment Manufacturing in Spain
- Lifting & Handling Equipment Manufacturing in Portugal
- Lifting & Handling Equipment Manufacturing in Serbia
- Lifting & Handling Equipment Manufacturing in Czechia
- Lifting & Handling Equipment Manufacturing in Turkey
- Lifting & Handling Equipment Manufacturing in Ireland
- Lifting & Handling Equipment Manufacturing in Estonia
- Lifting & Handling Equipment Manufacturing in Iceland
- Lifting & Handling Equipment Manufacturing in Europe
- Lifting & Handling Equipment Manufacturing in Luxembourg
- Lifting & Handling Equipment Manufacturing in Russia
- Lifting & Handling Equipment Manufacturing in Slovakia
- Lifting & Handling Equipment Manufacturing in Poland
- Lifting & Handling Equipment Manufacturing in Finland
- Lifting & Handling Equipment Manufacturing in Croatia
- Lifting & Handling Equipment Manufacturing in Slovenia
- Lifting & Handling Equipment Manufacturing in Bulgaria
Table of Contents
About this industry
Industry definition
Companies in the industry manufacture lifting and handling equipment, including hand-operated or power-driven lifting, handling, loading or unloading machinery. The production of conveyors, lifts, escalators, moving walkways and specialised parts for lifting and handling equipment is also part of the industry.
Related Terms
CraneLifting GearWinchWhat's included in this industry?
Industrial trucksCrane systemsLifting systemsContinuous conveyorElevators & escalatorsCompanies
Toyota Material Handling Europe ABSchindler Holding Ltd.Mitsubishi Logisnext Europe BVIndustry Code
2816 - Manufacture of lifting and handling equipment in Europe
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Performance
Key Takeaways
Germany hosts the lion’s share of European manufacturing operations
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Lifting & Handling Equipment Manufacturing in Europe industry (2011 -2029)
- Employees in the Lifting & Handling Equipment Manufacturing in Europe industry (2011 -2029)
- Business in the Lifting & Handling Equipment Manufacturing in Europe industry (2011 -2029)
- Profit in the Lifting & Handling Equipment Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Lifting & Handling Equipment Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Lifting & Handling Equipment Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Lifting & Handling Equipment Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Lifting & Handling Equipment Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Recovering downstream markets boosts demand for industrial trucks. As pandemic-related disruptions eased over 2022 and 2023, export sales of the industry's most lucrative product, forklifts, expanded as global logistics and manufacturing sectors boosted capacity.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Lifting & Handling Equipment Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Lifting & Handling Equipment Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Lifting & Handling Equipment Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The largest manufacturers export products globally. Despite having a low market share concentration, a handful of manufacturers dominate industry exports and have secured economies of scale by setting up manufacturing facilities across Europe.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Toyota Material Handling Europe AB
- Countries of operation for Schindler Holding Ltd.
- Countries of operation for Mitsubishi Logisnext Europe BV
- Countries of operation for Kion Group AG
- Countries of operation for Liebherr-International AG
- Countries of operation for Jungheinrich AG
- Countries of operation for TK Elevator GmbH
- Countries of operation for Kone Oyj
- Countries of operation for The Manitowoc Company, Inc.
- Countries of operation for Hyster-Yale UK Ltd
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must abide by European standards. These are the EN 81-20 and EN 81-50 standards. The EN 81-20 standard regulates elevators' design and technical characteristics. Elevator testing must comply with the EN 81-50 standard.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Lifting & Handling Equipment Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Purchases costs skyrocket as demand outstrips supply. Over 2021, the world price of steel skyrocketed more than doubling while aluminium prices soared. Excess demand raised the cost of inputs throughout the supply chain, elevating purchase costs over 2021 and 2022.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Lifting & Handling Equipment Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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