Lifting Machinery Market
Lifting Machinery Market By Equipment (Trucks, Lifts, Cranes, Hoists, Jacks, Aerial work Lift platforms, Robotic Arms), By Mechanism (Mechanical, Hydraulic, Pneumatic, Electric, Magnetic), By Movement (Vertical, Horizontal), By Regions- Global Review 2021 to 2031
Analysis of Lifting Machinery Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lifting Machinery Market Forecast and CAGR
According to latest research by Fact.MR, lifting machinery market is set to witness steady growth during 2021-2031. Demand for lifting machinery will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Muted demand from manufacturing, construction and marine industry will mean limited opportunities in near future, however, sales of lifting machinery in logistic sector will provide momentum.
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What is Driving Demand for Lifting Machinery?
Lifting machinery finds their presence in wide range of applications at various industries. This usability is driven by its ability to minimize human work load, capability to lift heavy loads to heights and it has helped in minimizing injuries caused in material handling process.
Over the years material handling has evolved and marked its presence in manufacturing industry, construction industry, ports & dockyards, workshops etc. material handling industry is experiencing boom in logistics management industries. Rise in e-commerce sector across globe is driving material handling equipment sales. They are focusing on fast and swift warehousing and efficient supply chain. This is taking lifting equipment sales north wards.
Maritime transport is backbone of global trade and account for approximately 80 percent by volume and 70 percent by value. Similarly, there has been increase in number of ports globally and capacity expansion of existing ones. Lifting machineries are crucial for handling the containers, growth in the maritime industry is likely to supplement the lifting machinery market.
Manufacturing Sector Recovery Likely to Augment Lifting Machinery Sales
Widespread effect of COVID-19 resulted in manufacturing sector slow down. This has led to uncertain growth projections and dynamic economic implications. Restrictions on man and material movement disrupted the supply chain. The manufacturing sector was hit hard. As the globe is moving towards recovery, the manufacturing is expected to scale up and the market is likely to witness sustained opportunities in the future.
Lifting machinery has been a prime equipment in construction sector. Globally, construction sector experienced a plunge since infrastructure development was at halt, though sales are likely to improve over the course of the assessment period.
China is world leader in manufacturing sector by output. Though the country was no exception to COVID-19 crisis and saw shrinkage in its manufacturing industries. But, China is pacing up with highest growth rate and thus this is likely to drive the global manufacturing capability. This growth will fuel the lifting machinery sales volume.
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Asia Pacific Lifting Machinery Market Outlook
Asia Pacific is anticipated to be largest emerging market in lifting machinery sales. This growth is attributed to it’s heighten demand in manufacturing and logistics sector. China and India is likely to contribute maximum share in this growth, owing to its rapid urbanization and growing infrastructure developments.
Demand for lifting machinery is poised to be led by increase in investment in logistical infrastructure. These countries are investing in building maritime logistical ports within country and overseas. Similarly, ASEAN countries, Bangladesh, Taiwan and South Korea are emerging as one of the biggest manufacturing nations. In addition to this, these countries are shifting towards modern material handling technology. These optimistic developments is anticipated to benefit lifting machinery market in the region.
Asia Pacific lifting machinery sales is to be effected by recovery in mining industry. Asia Pacific holds second position by output and first position by consumption. Thus there is growing optimism that the industry will catch momentum in near future and will aid in northward sales of lifting machinery.
Restraining Factors for Lifting Machinery
There are several challenges to lifting machinery market which are likely to slow its pace in exploring growth heights.
Large initial capital expenditure, installation, integration, high cost of ownership and others are key restraints to this market. This limitations are likely to impact heavily to small scale industries. These enterprises find difficulty in owning these machinery for their small scale production lines. Similarly, high maintenance cost, parts replacements, software upgradations and various other factors are adding to its high ownership cost. These are likely to limit the growth.
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Who are the Key Manufacturers and Suppliers of Lifting Machinery?
Some of the leading manufacturers and suppliers of lifting Machinery include
- Terex
- Yale
- Toyota Industries
- KION Group AG
- Mitsubishi Heavy Industries
- ABUS Kransysteme Gmbh
- Konecranes Plc
- Daifuku CO. Ltd
- Ingersoll-Rand Plc
- WH Scott & Son Engineers Ltd
Leading manufacturers in the lifting machinery market are trying to increase their share in market through providing innovative products. The manufacturers are focusing on providing machinery embedded with state of the art technology which for warehousing managements. This is likely to ensure smooth flow of material and results to error reduction in process.
Lifting Machinery Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
By Equipment
- Trucks
- Forklift
- Pallet
- Lifts
- Cranes
- Hoists
- Jacks
- Aerial work Lift platforms
- Robotic Arms
By Mechanism
- Mechanical
- Hydraulic
- Pneumatic
- Electric
- Magnetic
By Movement
- Vertical
- Horizontal
By End-use Industry
- Manufacturing
- Construction
- Marine
- Warehousing
- Mining
- others
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Equipment 6.2. Mechanism 6.3. Movement 6.4. End-Use Industry 7. Global Market Analysis and Forecast, By Equipment 7.1. Trucks 7.2. Lifts 7.3. Cranes 7.4. Hoists 7.5. Jacks 7.6. Aerial work Lift platforms 7.7. Robotic Arms 8. Global Market Analysis and Forecast, By Mechanism 8.1. Mechanical 8.2. Hydraulic 8.3. Pneumatic 8.4. Electric 8.5. Magnetic 9. Global Market Analysis and Forecast, By Movement 9.1. Vertical 9.2. Horizontal 10. Global Market Analysis and Forecast, By End-Use Industry 10.1. Manufacturing 10.2. Construction 10.3. Marine 10.4. Warehousing 10.5. Mining 10.6. others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Equipment, Mechanism, Movement, and End-Use Industry for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Terex 21.2. Yale 21.3. Toyota Industries 21.4. KION Group AG 21.5. Mitsubishi Heavy Industries 21.6. ABUS Kransysteme Gmbh 21.7. Konecranes Plc 21.8. Daifuku CO. Ltd 21.9. Ingersoll-Rand Plc 21.10. WH Scott & Son Engineers Ltd
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Equipment
Table 3: Global Market US$ Mn Forecast by Mechanism
Table 4: Global Market US$ Mn Forecast by Movement
Table 5: Global Market US$ Mn Forecast by End-Use Industry
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Equipment
Table 8: North America Market US$ Mn Forecast by Mechanism
Table 9: North America Market US$ Mn Forecast by Movement
Table 10: North America Market US$ Mn Forecast by End-Use Industry
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Equipment
Table 13: Latin America Market US$ Mn Forecast by Mechanism
Table 14: Latin America Market US$ Mn Forecast by Movement
Table 15: Latin America Market US$ Mn Forecast by End-Use Industry
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Equipment
Table 18: Western Europe Market US$ Mn Forecast by Mechanism
Table 19: Western Europe Market US$ Mn Forecast by Movement
Table 20: Western Europe Market US$ Mn Forecast by End-Use Industry
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Equipment
Table 23: Eastern Europe Market US$ Mn Forecast by Mechanism
Table 24: Eastern Europe Market US$ Mn Forecast by Movement
Table 25: Eastern Europe Market US$ Mn Forecast by End-Use Industry
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Equipment
Table 28: East Asia Market US$ Mn Forecast by Mechanism
Table 29: East Asia Market US$ Mn Forecast by Movement
Table 30: East Asia Market US$ Mn Forecast by End-Use Industry
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Equipment
Table 33: South Asia & Pacific Market US$ Mn Forecast by Mechanism
Table 34: South Asia & Pacific Market US$ Mn Forecast by Movement
Table 35: South Asia & Pacific Market US$ Mn Forecast by End-Use Industry
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Equipment
Table 38: MEA Market US$ Mn Forecast by Mechanism
Table 39: MEA Market US$ Mn Forecast by Movement
Table 40: MEA Market US$ Mn Forecast by End-Use Industry
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Insights on import/export production,
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Equipment
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mechanism
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Movement
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How Much Growth Prospective does the Lifting Machinery Market hold?
The lifting machinery market is projected to progress at a CAGR of 4.51% during the forecast period.
Why Does the Lifting Machinery Market have High Growth Potential?
Since lifting machinery is used in a wide variety of applications across several sectors, the market is expanding.
Where will Manufacturers find the Most Opportunities in the Lifting Machinery Industry?
Manufacturers are anticipated to find the most opportunities in the Asia Pacific.
Lifting Machinery Market