Lifts and skip hoists market in Sweden

Earlier Report Observations

Between 2018 and 2022, the Swedish market for lifts and skip hoists experienced considerable volatility. Volume started at 5 076 units in 2018, declined to 5 016 units in 2019, and fell more sharply to 3 952 units in 2020. A rebound followed in 2021 to 4 955 units, with a further rise to a high of 6 350 units in 2022. In monetary terms, the market value followed a similar pattern, peaking at 157.3 million USD in 2021 before moderating to 148.9 million USD in 2022.

The market contracted significantly in 2023 and 2024, with volume dropping to 4 124 units and then to 2 232 units, while value fell to 132.2 million USD and 115.6 million USD respectively. This decline coincided with the introduction of stricter safety regulations for lift equipment. In 2023, the Swedish Work Environment Authority enacted AFS 2023:11, mandating specific training for personnel using lift devices and requiring clear marking of maximum loads. These rules were complemented by updated machinery standards in 2024, such as SS-EN 13001-3-1, which raised compliance costs for manufacturers and users. Additionally, the acquisition of Interlift AB by Alimak Group in 2024 signaled ongoing industry consolidation amid the tightening regulatory landscape.

Production lifts and skip hoists in Sweden

In value, 2017-2020, M $ US

Sweden's production of lifts and skip hoists declined after two years of growth. In 2019, output reached its peak at 257.9 million US dollars, but by 2020 it had fallen to 236.7 million US dollars, representing a modest 8.2% decrease from the previous year. The largest annual increase occurred in 2019, when production rose by 5.1%.

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

In kind, 2017-2020, unit

Sweden's production of lifts and skip hoists declined after two years of increase. In 2019, output peaked at 12 383 units, but in 2020 it dropped to 11 904 units, marking a controlled 3.9% year-over-year decline. Over the period from 2017 to 2020, production grew by 15.1%, which translates to an annualized rate of 4.8%. The largest annual increase was recorded in 2018 at 9.8%.

Annual dynamics of production in Sweden in kind, 2017-2020, unit

Exports lifts and skip hoists from Sweden

Exports in kind, unit

Sweden's exports of lifts and skip hoists declined after two years of growth. In 2019, exports reached their highest level at 13 011 units, but in 2020 they fell to 12 752 units, representing a small 2.0% decrease compared to the previous year. Between 2017 and 2020, exports increased by 10.8%, equating to an annualized growth rate of 3.5%. The largest annual increase occurred in 2019 at 7.8%.

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

From 2017 to 2020, Sweden's exports of lifts and skip hoists were not heavily concentrated on a few key destinations. China accounted for 17.3% of exports in kind, the United Kingdom for 13.3%, and the United States for 12.7%. Together, these three countries represented only 43.2% of total export flows.

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

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

Exports in value, M $ US

Sweden's exports of lifts and skip hoists declined after two years of increase. In 2019, export value peaked at 226.6 million US dollars, but in 2020 it dropped to 204.6 million US dollars, representing a limited 9.7% loss compared to the previous year. Over the period from 2017 to 2020, exports grew by 7.5%, which translates to an annualized rate of 2.4%. The largest annual increase was recorded in 2018 at 10.0%.

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

During 2017–2020, China, the United Kingdom, and the United States were important buyers of lifts and skip hoists from Sweden. China accounted for 17.2% of exports in value terms, the United Kingdom for 13.3%, and the United States for 12.8%. However, their combined share reached only 43.3% of total exports in value terms, with the remaining 56.7% distributed among many other trading partners.

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

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

Imports lifts and skip hoists to Sweden

Imports in kind, unit

Sweden's imports of lifts and skip hoists declined for the second consecutive year. In 2018, imports peaked at 5 784 units, but by 2020 they had fallen to 4 800 units, which is 15.0% lower than the previous year. Over the period from 2017 to 2020, imports decreased by 5.5%, with a compound annual growth rate of -1.9%. The largest annual increase occurred in 2018 at 13.9%.

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

From 2017 to 2020, Finland, Germany, and the Netherlands formed the main group of sources for Sweden's imports of lifts and skip hoists in kind. Finland accounted for 39.2% of imports, Germany for 17.0%, and the Netherlands for 8.1%. Together, these three countries represented 64.3% of total import flows.

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

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

Imports in value, M $ US

Sweden's imports of lifts and skip hoists declined for the second consecutive year. In 2018, import value reached its highest point at 113.9 million US dollars, but in 2020 it dropped to approximately 88.9 million US dollars, down by 14.4% compared to 2019. Over the period from 2017 to 2020, imports decreased by 17.1%, with a compound annual growth rate of -6.1%. The largest annual increase was recorded in 2018 at 6.2%.

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

Throughout 2017–2020, Finland, Germany, and the Netherlands formed the core group of markets for Sweden's imports of lifts and skip hoists in value terms. Finland accounted for 39.2% of imports, Germany for 17.0%, and the Netherlands for 8.0%. Together, these three countries represented 64.2% of total import flows.

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

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