Press release
Industrial Lifting Equipment Market is expected to grow at a CAGR of 5.5% by 2031-end
Industrial Lifting Equipment Market
The industrial lifting equipment market is expected to grow at a CAGR of 5.5% from 2021 to 2031. The growth of this market can be attributed to the increasing demand for Industrial Lifting Equipment from end-use industries such as automotive, construction, and manufacturing.
Industrial Lifting Equipment Market Segmented By type such as Lifts, Fork lifts, Hoists, Stackers, Pallet trucks, Robotic arms with mechanism involved such as Hydraulic, Pneumatic, Electrical, Magnetic, Scissor lifts
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The industrial lifting equipment market is segmented on the basis of type, capacity, application, and geography.
On the basis of type, the market is divided into hoists & winches, cranes, forklifts & lift trucks, conveyors & elevators, and others. The hoists & winches segment is expected to lead the industrial lifting equipment market during the forecast period. This can be attributed to the increasing demand for hoists & winches from end-use industries such as automotive and construction.
On the basis of capacity, the market is classified into up to 25 tons, 26-50 tons, 51-100 tons, 101-300 tons 301-600 tons 601+ tons .The up to 25 ton segment is expected to dominate the industrial lifting equipment market during the forecast period owing to its low cost and easy installation.
On the basis of application, the Industrial Lifting Equipment Market has been segregated into material handling ,manufacturing processes ,packaging.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
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The manufacturing industries have grown very rapidly since the second industrial revolution and in mid-nineties. Industries are continuously striving to increase their production capacity and emphasizing their 'all under one roof' policy. Since the industrialization started, the manufacturer had a hard time to deal with material handling problems.
Material handling means to move materials from one place to another, which may include dragging, conveying or lifting of materials. Lifting of material is sometime a tough task when the materials are either delicate, hot, or very heavy.
Key Players-
The Industrial lifting equipment market is dominated by several local brands and global companies. Some of the examples of industrial lifting equipment market participants include
• Ingersoll-Rand plc.
• Toyota Industries Corporation
• Daifuku Co., Ltd
• KION Group
• Crown Equipment Corporation
• Mitsubishi Forklift Trucks, bv.
• Konecranes Plc
• Columbus McKinnon Corporation
• KITO Corporation
• ABUS Crane System and more
The industrial lifting equipment market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
Key Stakeholders
Industrial Lifting Equipment Market Manufacturers
Industrial Lifting Equipment Market Distributors/Traders/Wholesalers
Industrial Lifting Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report -
Which is the largest regional market for Industrial Lifting Equipment?
What are the upcoming trends of Industrial Lifting Equipment Market in the world?
What are the key driving factors for the growth of the Industrial Lifting Equipment Market?
What are the top players operating in the Industrial Lifting Equipment Market?
What are the key regions in the global Industrial Lifting Equipment market?
Who are the key players/companies in the global Industrial Lifting Equipment market?
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