Lifts and skip hoists market in Germany

Earlier Report Observations

The German market for lifts and skip hoists grew from $338.1 million in 2018 to $398.7 million in 2019. This expansion was driven by increasing urbanization and rising demand for elevators and escalators, alongside a strong industry trend toward modernization and digitalization, including the adoption of predictive maintenance and smart lift technologies. The entry of new IoT-connected elevator models by major players and heightened attention to maintenance needs due to widespread equipment defects further stimulated market activity.

Despite the COVID-19 pandemic in 2020, the market showed resilience, with the modernization segment developing positively. By 2021, the market size had increased significantly to $509.5 million. This growth was fueled by a rapidly aging population in Germany, which boosted demand for modernization services and barrier-free solutions. The foundation of Orona GmbH as a new maintenance-focused player and a continued shift in demand toward energy-efficient and intelligent lifts supported the market's expansion during this period.

In the subsequent years through 2024, the market continued to evolve under the influence of regulatory updates, such as the revised DIN EN 81-22 standard for inclined lifts in 2022, and sustained price increases for lifts and escalators, which affected investment decisions. Ongoing technological advancements in inclined lifts and smart building systems, coupled with increased investments in smart city and sustainable infrastructure projects, supported steady demand and market development.

Production lifts and skip hoists in Germany

In value, 2017-2020, M $ US

In 2019, Germany's production of lifts and skip hoists was valued at 831.5 million US dollars, showing little change from the previous year. Looking back to 2017, production increased by 4% over the two-year period, which translates to an annualized growth rate of 1.3%. The peak production value occurred in 2018 at 833.8 million US dollars, with the largest year-on-year increase of 4.3% also recorded that year.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports lifts and skip hoists from Germany

Exports in kind, unit

In 2020, Germany exported 37,991 units of lifts and skip hoists, marking a 3.7% increase compared to the previous year. Over the period from 2017 to 2020, exports grew by 14.8%, with a compound annual growth rate of 4.7%. The highest export volume was in 2018 at 38,984 units, which saw the largest increase of 17.8%. In contrast, 2019 experienced the most significant decline, with exports dropping by 6.0%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, unit

From 2017 to 2020, Germany's export structure for lifts and skip hoists in terms of volume remained diverse, with no single country dominating. Switzerland accounted for 16.1% of exports, the United Kingdom for 12.4%, and France for 11.5%. Together, these three countries represented 39.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's exports of lifts and skip hoists in value terms declined for the second year in a row. In 2020, exports amounted to 609.7 million US dollars, a decrease of 4.5% from the previous year. Over the 2017-2020 period, exports increased by 11.4%, with a compound annual growth rate of 3.7%. The peak value was recorded in 2018 at 676.5 million US dollars, which also saw the largest increase of 23.6%. The most significant decline occurred in 2019, with a drop of 5.7%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

Between 2017 and 2020, Germany's exports of lifts and skip hoists in value terms were not highly concentrated. Switzerland contributed 16.1% of export value, the United Kingdom 12.3%, and France 11.5%. Combined, these three countries accounted for 39.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports lifts and skip hoists to Germany

Imports in kind, unit

Germany's imports of lifts and skip hoists in terms of volume increased for the third consecutive year. In 2020, imports reached 13,521 units, a substantial 21.2% rise compared to the previous year. From 2017 to 2020, imports surged by 108.8%, equating to an annualized growth rate of 27.8%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, unit

From 2017 to 2020, Italy, the Netherlands, and the United Kingdom were the primary sources for Germany's imports of lifts and skip hoists in volume terms. Italy accounted for 31.8% of imports, the Netherlands for 23.6%, and the United Kingdom for 14.3%. Together, these three countries made up 69.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's imports of lifts and skip hoists in value terms grew for the third year in a row. In 2020, imports totaled 250.4 million US dollars, showing a significant increase of 21.9% from the prior year. Over the 2017-2020 period, imports rose by 83.1%, with a compound annual growth rate of 22.3%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Between 2017 and 2020, Italy, the Netherlands, and the United Kingdom were the largest suppliers of lifts and skip hoists to Germany in value terms. Italy represented 31.8% of import value, the Netherlands 23.5%, and the United Kingdom 14.4%. Collectively, these three countries accounted for 69.7% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020