Industry Statistics and Rankings
How does this industry perform in Luxembourg compared to Europe?
Country Benchmarking
Industry Data Luxembourg
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#31 In EuropeBusiness
#33 In EuropeEmployees
#32 In EuropeWages
#30 In EuropeRevenue prospects for the Lifting and Handling Equipment Manufacturing industry largely depend on the performance of downstream manufacturing, freight-handling and construction industries and their business expenditure levels. Similarly, large-scale manufacturers with multiple production facilities across Europe rely on a substantial share of export revenue to drive sales, with exports representing around 70% of industry revenue. Growing demand for warehouse and storage propelled revenue growth in the lead-up to the pandemic, while weak business sentiment during hindered revenue growth somewhat.
Enterprises
Number of businesses in 2024
Biggest companies in the Lifting & Handling Equipment Manufacturing in Luxembourg
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Lifting & Handling Equipment Manufacturing in Luxembourg industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Lifting & Handling Equipment Manufacturing industry in Luxembourg in 2024?
The market size of the Lifting & Handling Equipment Manufacturing industry in Luxembourg is €38.7m in 2024.
How many businesses are there in the Lifting & Handling Equipment Manufacturing in Luxembourg industry in 2024?
There are 6 businesses in the Lifting & Handling Equipment Manufacturing industry in Luxembourg, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Lifting & Handling Equipment Manufacturing industry in Luxembourg grown or declined over the past 5 years?
The market size of the Lifting & Handling Equipment Manufacturing industry in Luxembourg has been declining at a CAGR of 5.6 % between 2019 and 2024.
What is the forecast growth of the Lifting & Handling Equipment Manufacturing industry in Luxembourg over the next 5 years?
Over the next five years, the Lifting & Handling Equipment Manufacturing industry in Luxembourg is expected to grow.
What does the Lifting & Handling Equipment Manufacturing in Luxembourg include?
Industrial trucks and Crane systems are part of the Lifting & Handling Equipment Manufacturing industry.
How competitive is the Lifting & Handling Equipment Manufacturing industry in Luxembourg?
The level of competition is high and increasing in the Lifting & Handling Equipment Manufacturing industry in Luxembourg.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Other Special-Purpose Machinery Manufacturing in Luxembourg
Complementors
- Engine & Turbine Manufacturing in Luxembourg
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
Industry Code
2816 - Manufacture of lifting and handling equipment in Luxembourg
View up to 0 companies with purchase. View purchase options.
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- 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
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Lifting & Handling Equipment Manufacturing in Luxembourg industry?
Outlook
Analysis
What's driving the Lifting & Handling Equipment Manufacturing in Luxembourg industry outlook?
Volatility
Analysis
What influences volatility in the Lifting & Handling Equipment Manufacturing in Luxembourg 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 Luxembourg 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 Luxembourg industry's products and services performing?
Analysis
What are innovations in the Lifting & Handling Equipment Manufacturing in Luxembourg industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Lifting & Handling Equipment Manufacturing in Luxembourg industry?
International Trade
Highlights
- Total Imports into Luxembourg
- Total Exports into Luxembourg
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)
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
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Lifting & Handling Equipment Manufacturing in Luxembourg located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
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 Luxembourg 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 Luxembourg 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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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