openPR Logo
Press release

Lifting Equipment Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

03-20-2025 12:40 PM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

Lifting Equipment Market Size

Lifting Equipment Market Size

"What combination of drivers is leading to accelerated growth in the lifting equipment market?
The rise in construction activities is expected to stimulate the growth of the lifting equipment market. Construction involves various tasks related to designing, building, and maintaining structures and infrastructure, fueled by urbanization and improved building methods. Lifting equipment is essential for safely moving heavy materials, accelerating projects, and enhancing safety and efficiency. For example, in 2022, construction activities in the U.S. grew by 10.2%, as reported by the United States Census Bureau. This surge in construction is set to drive demand for lifting equipment.

Get Your Lifting Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/lifting-equipment-global-market-report

What is the projected compound annual growth rate (CAGR) of the lifting equipment market from 2025 to 2034, and what factors influence it?
The lifting equipment market will expand from $84.52 billion in 2024 to $89.77 billion in 2025 at a CAGR of 6.2%, fueled by industrial growth, infrastructure projects, mining, logistics, and energy-efficient solutions.

The lifting equipment market is expected to grow to $112.8 billion by 2029 at a CAGR of 5.9%. Growth factors include industrialization, worker safety concerns, increasing construction projects, and infrastructure investments. Key trends include automation technologies, IoT integration, sustainability initiatives, and an expanding rental market for lifting equipment.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16462&type=smp

How are the latest trends influencing the growth of the lifting equipment market?
Major companies in the lifting equipment market are focusing on creating innovative technologies, such as elevator systems, to maintain their market leadership. Elevator technology involves improvements that enhance efficiency, safety, comfort, and sustainability. This technology is aimed at meeting the needs of modern high-rise buildings and enhancing user experiences. For example, in November 2023, LiftTech, an Australian elevator parts manufacturer, teamed up with Robustel ANZ, an Australian company specializing in wireless IoT modems, to introduce a comprehensive elevator platform. The platform features real-time communication tools, IoT connectivity for efficient data exchange and predictive maintenance, digital signage, and CCTV integration for security, all designed to improve safety, speed, and maintenance.

What are the major segments of the lifting equipment market and their role in driving growth?
The lifting equipment market covered in this report is segmented -

1) By Type: Trucks, Lifts, Cranes, Hoists, Jacks, Aerial Work Lift Platforms, Other Types
2) By Mechanism: Mechanical, Hydraulic, Pneumatic, Electric, Magnetic
3) By Application: Construction, Government, Power, Industrial, Telecommunication, Other Applications

Subsegments:
1) By Trucks: Flatbed Trucks, Hydraulic Lifting Trucks, Crane Trucks
2) By Lifts: Scissor Lifts, Personnel Lifts, Platform Lifts
3) By Cranes: Mobile Cranes, Tower Cranes, Overhead Cranes, Crawler Cranes
4) By Hoists: Electric Hoists, Manual Hoists, Pneumatic Hoists
5) By Jacks: Hydraulic Jacks, Mechanical Jacks, Bottle Jacks
6) By Aerial Work Lift Platforms: Boom Lifts, Scissor Lifts, Vertical Mast Lifts
7) By Other Types: Conveyors, Winches, Forklifts

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16462

Which regions are key players in the growth of the lifting equipment market?
North America was the largest region in the lifting equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lifting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the lifting equipment market?
Major companies operating in the lifting equipment market are Komatsu Ltd., Toyota Industries Corporation, Anhui Heli Co. Ltd., Liebherr International AG, XCMG Group, SSAB AB, Kion Group AG, Zoomlion Heavy Industry Science and Technology Co Ltd, Linamar Corporation, Ingersoll Rand Inc., Mitsubishi Logisnext Co. Ltd., Jungheinrich AG, Corporation, Cargotec Corporation, Daifuku Co. Ltd., Hyster-Yale Materials Handling Inc., Konecranes plc, Mammoet Holding BV, Palfinger AG, Columbus McKinnon Corporation, Haulotte Group, Kito Corporation

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16462&type=smp

What Is Covered In The Lifting Equipment Global Market Report?

•Market Size Forecast: Examine the lifting equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lifting equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the lifting equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lifting equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lifting equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lifting equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the lifting equipment market.
•Competitive Landscape: Review strategic developments in the lifting equipment market, including expansions, agreements, and new product launches.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.

Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lifting Equipment Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here

News-ID: 3927033 • Views:

More Releases from The Business Research Company

2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Inkjet Coder Market Through 2025? Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market Projected to Grow at 5.4% CAGR, Reaching $3.43 Billion by 2029
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025? Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from Innovative Turbogenerator Technology In High-Speed Engine Applications
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the High Speed Engine Market Size By 2025? The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driving Engine Behind Evaporative Cooling Market Evolution in 2025
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025? The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.

All 5 Releases


More Releases for Lift

Detachable Lift Market
The global detachable lift market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the detachable lift industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT , Tokyo Cableway, and places a strong emphasis on competitive analysis
Hydraulic Scissor Lift - Manufacturer and Supplier of Stationary Scissor Lift & …
Hydraulic Scissor Lift The Company is one of the front Runner in Manufacturing Hydraulic Scissor Lift in India With an ISO 9001-2015 Certification. The core focus of the company lies in superior quality and excellent customer services. With Best Design Easiest To Setup In Any Industry. Technovision is one of the Leading Manufacturer, Supplier & Exporters of a wide range of products which include Hydraulic Scissor Lift such as Electro Hydraulic Scissor Lift, High Raised Hydraulic Scissor Lift,
Automotive Multifunctional Lift Systems Market Key players Dannmar Equipment, Ko …
Introduction Automotive vehicles, in recent years, have become a necessary household entity rather than being a luxury as previously in the past. Rising living standards, rural and urban development, growth in disposable income has lead demand for automobiles to grow significantly over the past years. With high growth in automobile sales, the automotive maintenance, repairing and servicing sector is also expected to expand at a high growth rate over the forecast
Global Plunger Lifts Market 2018 Analysis -Integrated Production Services (IPS), …
Plunger Lifts are artificial lift methods that offers an economical and established technique for removing liquids form aging gas wells while minimizing gas losses and methane emissions. According to this study, over the next five years the Plunger Lifts market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents
Stair Lift Market 2024 | Prism U.K. Medical Limited HIRO LIFT Symax Lift (China) …
Stair Lift Market Overview: A stairlift is used for transporting people over stairway who are unable or have problem with climbing the stairs. Such lifts are normally used by elderly people or patients. The stairlifts are installed on rails which are either straight or curved. A stairlift is typically an assembly of rail, seat and motor (A.C.or D.C). In terms of application, straight stair lift is used for single floor or
(AWP) Aerial Work Platform Rental Market 2024 Growth & Regional Revenue By Top P …
(AWP) Aerial Work Platform Rental Market is expected to exceed USD 24 billion by 2024. Increasing investments for the construction of infrastructures such as such as manufacturing facilities, airports, power plants, and roadways are expected to drive the AWP rental market during the forecast timeline. In addition, various government initiatives focusing on improving the existing infrastructures further contribute towards the demand. With an increase in the number of accidents due to