Italy Material Handling Equipment Market Size

Italy Material Handling Equipment Market Future Prospects

The Italian material handling equipment market will generate an estimated revenue of USD 9,418.8 million in 2024, which is projected to grow at a CAGR of 5.7% from 2024 to 2030, reaching USD 13,152.2 million by 2030. This is due to the rise of the manufacturing sector, industrialization, and construction.

The market will experience steady growth driven by the expansion of the industrial, logistics, e-commerce, fashion, design, tourism, and food production strategies, which include vehicles and ships.

Moreover, market is influenced by the export of pharmaceutical products, furniture, industrial machinery, tools, electric appliances, automobiles, auto parts, food, wine, and textile as they are the crucial source of external revenue.

The upcoming and ongoing construction projects, including Rome Metro-Line C, Genoa New Bereakwater, Genoa Junction One Project, and the Milan Metro System, will generate significant revenue.