Global Handling and Lifting Equipment Market to grow at a CAGR of 10.57% during Forecast period 2016-2020

Albany, NY, May 15, 2017: Handling equipment is used in the transportation and storage of materials and assemblies. Material handling activities start from the unloading of goods to the transfer of these goods into storage, assembly, packaging, and finally loading for transportation. Handling equipment must be designed based on the various stages of production.

Lifting activities consider factors such as lift radius, machine capacity at a given range, wind speed, and ground conditions. Lifting equipment has developed in terms of carrying capacity. Advanced equipment can perform complicated tasks with relative ease of movement, especially when compared to the traditional handling and lifting equipment.

The handling and storing of materials involve various processes like hoisting a large number of steel with a crane, transporting a truck loaded with concrete blocks, and piling stacked bricks and other materials such as drums, barrels, and lumber.

The global handling and lifting equipment market to grow at a CAGR of 10.57% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global handling and lifting equipment market during 2016-2020. To calculate the market size, the report considers the revenue generated from sales of handling and lifting equipment across the globe.

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Technavio's report, Global Handling and Lifting Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Komatsu Ltd.
- Konecranes plc
- Liebherr Group
- Terex

Other prominent vendors
- American Crane
- and Equipment
- Cargotec
- Escorts Construction Equipment
- Haulotte (Pinguely-Haulotte)
- Manitex International
- Manitowoc Cranes
- Sany Group
- Shandong Dahan Construction Machinery
- Tadano

Market driver
- Increased construction of high-rises
- For a full, detailed list, view our report

Market challenge
- Need for continuous support and maintenance
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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