EU: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in the EU

In 2021, after two years of growth, there was decline in the EU mounting lifting equipment market, when its value decreased by -0.7% to $X. Over the period under review, consumption, however, saw a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Mounting Lifting Equipment Production in the EU

In value terms, mounting lifting equipment production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Mounting Lifting Equipment Exports

Exports in the EU

In 2021, overseas shipments of lifting equipment designed for mounting on road vehicles were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mounting lifting equipment exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X units), distantly followed by Austria (X units), Poland (X units), Denmark (X units), Estonia (X units) and Slovakia (X units) represented the largest exporters of lifting equipment designed for mounting on road vehicles, together mixing up 77% of total exports. The following exporters - Belgium (X units), France (X units), Spain (X units), Finland (X units), Germany (X units) and the Netherlands (X units) - together made up 18% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +41.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 63% of total exports. Spain, Slovakia, Finland, Denmark, France, Belgium, Germany, Estonia and the Netherlands lagged somewhat behind, together accounting for a further 34%.

Slovakia, with a CAGR of +47.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, rising by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2019 an increase of 9%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.8%), while the other leaders experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports in the EU

In 2021, imports of lifting equipment designed for mounting on road vehicles in the European Union stood at X units, growing by 11% compared with the previous year. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 304%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, mounting lifting equipment imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X units), distantly followed by Germany (X units), Austria (X units), Belgium (X units), the Netherlands (X units), Denmark (X units) and Sweden (X units) were the major importers of lifting equipment designed for mounting on road vehicles, together committing 71% of total imports. Spain (X units), Poland (X units), Italy (X units), Finland (X units), the Czech Republic (X units) and Portugal (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 44% share of total imports. Austria, Belgium, Sweden, Spain, Italy, Finland, Denmark, the Czech Republic, Poland and Portugal lagged somewhat behind, together accounting for a further 47%.

Spain, with a CAGR of +16.4%, saw the highest rates of growth with regard to 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

The import price in the European Union stood at $X per unit in 2021, surging by 11% against the previous year. Over the period under review, the import price showed a mild expansion. The growth pace was the most rapid in 2018 when the import price increased by 256%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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