Counterweight Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Counterweight Market Size
According to QYResearch's new survey, global Counterweight market is projected to reach US$ 5607 million in 2029, increasing from US$ 4078 million in 2022, with the CAGR of 4.9% during the period of 2023 to 2029.

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Counterweight Market
Counterweights are an integral part of a variety of big machines dealing with huge load. By balancing the weight, they secure a safety performance of tractors, forklift trucks, cranes, excavators and others.
Counterweights are typically made of metals - with cast iron counterweights and concrete counterweights being the most often used ones. Steel, titanium, tungsten and a few metal alloys can also be used to manufacture high-quality counterweights.
As an example: Forklift counterweights are made of either full cast iron, full concrete or a combined mix of metal and concrete.
Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Counterweight market research.
The key manufacturers of Counterweight include SIC Lazaro, Konstanta, Max Iron, FMGC (Farinia), Blackwood Engineering, etc. the top five players hold a share over 27%.
In terms of material, it include Cast Iron, Steel, Concrete, Lead, Tungsten Alloy. Concrete is the largest segment, occupied for a share of 61%.
The production is mainly used in Elevator, Forklift, Excavator, Crane, Wheel Loader, Aerial Work Platform, Bridge, Marine, Automobile, Home Appliance. Counterweight can be mainly used in Elevator.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Counterweight market with multiple angles, which provides sufficient supports to readers' strategy and decision making.

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Segment by Material
• Cast Iron
• Steel
• Concrete
• Lead
• Tungsten Alloy
• Others

Segment by Application
• Elevator
• Forklift
• Excavator
• Crane
• Wheel Loader
• Aerial Work Platform
• Bridge
• Marine
• Automobile
• Home Appliance

By Company
FMGC (Farinia), Blackwood Engineering, SIC Lazaro, Gallizo, Max Iron, Swebor, Ondo Metal, Mars Metal, International Steel & Counterweights, Ultraray Metals, Crescent Foundry, Konstanta, AMAC Alloys, Huaining County Hengyuan Renewable Technology, Agescan International, Innotec, Zunhua Wanxin Construction Machinery, LB Steel, Hameco

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