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Lifting & Handling Equipment Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

Yusuf Allinson Yusuf Allinson London, United Kingdom Last Updated: July 2025 SIC UK-C2816

Revenue

£102.5bn

2025-26

£108.7bn

Past 5-Year Growth

Profit

£X.Xbn

Employees

417k

Businesses

11,641

Wages

£XX.Xbn

Lifting & Handling Equipment Manufacturing in the UK industry analysis

 

Trends and Insights

  • Germany hosts the lion’s share of European manufacturing operations. According to Eurostat, in 2023, Germany led the way in lifting and handling equipment manufacturing in Europe due to significant investment in research and development.
  • The US has imposed 25% tariffs on European steel, aluminium and derivative products. These materials are core for lifting and handling equipment, so European-manufactured equipment will be more expensive in the US market, reducing demand and potentially cutting EU exports to the US.
  • 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.
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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 the United Kingdom in 2025?

The market size of the Lifting & Handling Equipment Manufacturing industry in the United Kingdom is £102.5bn in 2025.

How many businesses are there in the Lifting & Handling Equipment Manufacturing industry in the United Kingdom in 2025?

There are 11,641 businesses in the Lifting & Handling Equipment Manufacturing industry in the United Kingdom, which has grown at a CAGR of 0.3 % between 2020 and 2025.

Has the Lifting & Handling Equipment Manufacturing industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Lifting & Handling Equipment Manufacturing industry in the United Kingdom has been growing at a CAGR of 3.4 % between 2020 and 2025.

What is the forecast growth of the Lifting & Handling Equipment Manufacturing industry in the United Kingdom over the next 5 years?

Over the next five years, the Lifting & Handling Equipment Manufacturing industry in the United Kingdom is expected to grow.

What does the Lifting & Handling Equipment Manufacturing industry in the United Kingdom include?

Industrial trucks and Crane systems are part of the Lifting & Handling Equipment Manufacturing industry in the United Kingdom.

How competitive is the Lifting & Handling Equipment Manufacturing industry in the United Kingdom?

The level of competition is moderate and steady in the Lifting & Handling Equipment Manufacturing industry in the United Kingdom.

Everything you need in one report

  • Reliable market estimates from 2015-2030
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

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. The technical and safety requirements for the construction and installation of lifts.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Lifting & Handling Equipment Manufacturing in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Purchase costs skyrocket as demand outstrips supply. In 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 between 2021 and 2024. Steel prices will drop in 2025 as global supply inches upward and Chinese demand falls.

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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 the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

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 (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

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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