Vertical Mast Lift Market
Vertical Mast Lift Market Analysis By Product Type (Pushable & Drivable Vertical Mast Lifts) By Working Heights, By Capacity, By End-User Industry & Region – Global Market Insights 2022 to 2032
Analysis of Vertical Mast Lift market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vertical Mast Lift Market Outlook (2022 to 2032)
The global vertical mast lifts market size stands at US$ 1.54 billion and is predicted to expand at a CAGR of 4.8% to reach a value of US$ 2.46 billion by the end of 2032.
Sales of vertical mast lifts accounted for close to 14% share of the global vertical lift market in 2021.
| Report Attributes | Details |
|---|---|
| Vertical Mast Lift Market Size (2021A) | US$ 1.45 Billion |
| Estimated Market Value (2022E) | US$ 1.54 Billion |
| Forecasted Market Value (2032F) | US$ 2.46 Billion |
| Global Market Growth Rate (2022 to 2032) | 4.8% CAGR |
| North America Market Share (2021) | ~4.7% |
| East Asia Market Growth Rate (2022 to 2032) | ~5.3% CAGR |
| United States Market Growth Rate (2022 to 2032) | ~4.6% CAGR |
| Market Share of Top 5 Companies | ~38% |
| Key Companies Profiled | JLG Industries; Terex Corporation.; Jinan Tuhe Heavy Industry Machinery Co., Ltd.; Skyjack (Linamar); Toyota Forklifts; Zhejiang Dingli Machinery Co., Ltd.; HAULOTTE GROUP; RUTHMANN Holdings GmbH (Calcanto Werbeagentur); YaFeng Machinery Limited; MEC |
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Demand Analysis of Vertical Mast Lifts (2017 to 2021) Vs. Market Forecasts (2022 to 2032)
Vertical mast lifts (VMLs) have a wide area of applications. Innovations and adoption of eco-friendly materials are playing a crucial role in market growth. Drivable electric vertical mast lifts are gaining prominence across regions.
Emerging economies such as China, India, and Malaysia are lucrative markets for vertical mast lift manufacturers. Diverse end-use industries in these countries such as construction, waring housing, event management, aviation, and others are propelling market growth.
Furthermore, electrically-driven vertical mast lifts and engine-driven vertical mast lifts are paving their way to gain increased market share and are anticipated to reshape the market growth trajectory over the coming period.
- Short Term (2022 to 2025): Growing demand across warehouses, aviation, media & entertainment, event management, and others will contribute to revenue growth. In addition, vertical mast lifts as a service will gain traction over the period of 2022 to 2025.
- Medium Term (2025 to 2028): Rising demand from emerging economies across construction and mining sectors, coupled with the surging e-Commerce sector, will drive market growth.
- Long Term (2028 to 2032): Innovation and upgradation along with customization will create lucrative opportunities for market players. Vertical farming will also propel the sales of VMLs.
During the 2017 to 2021 period, the global vertical mast lift market registered a CAGR of 0.7%. According to Fact.MR, a market research and competitive intelligence provider, worldwide sales of vertical mast lifts are projected to increase at 4.8% CAGR between 2022 and 2032.
Market share analysis of vertical mast lifts based on end user and region. Under the end-user segment, warehousing and logistics dominate with 21.3% market share.
Why is Demand for Vertical Mast Lifts Rising Steadily?
“Expansion of Vertical Infrastructure Aiding Market Growth”
The world’s population in 2019 was 7.6 billion and reached 7.7 billion at the end of 2021, which is estimated to climb to 8.1 billion by 2027, as per the International Monetary Fund (IMF). To meet the space and housing requirements of the growing population with limited land resources, vertical growth or construction plays a crucial role in the VML market.
To transport construction material at heights and in narrow aisles, vertical mast lifts are being widely employed. Thus, with the growing construction industry, sales of vertical mast lifts are also projected to increase in tandem.
Furthermore, vertical farming is also gaining popularity to meet the increasing food requirements of the growing population on limited land. To manage and increase vertical farming, vertical mast lifts are playing an important role in the farming sector.
“Vertical Mast Lift as a Service”
Vertical mast lifts renting has increased its adoption across various domains. Renting enables users to choose the required product from diverse offerings every time. It also saves on maintenance costs, storage costs, and others. Users can rent ready-to-use vertical mast lifts that are also equipped with advanced technology.
To increase the renting business, service providers are keeping their renting product portfolios updated. In addition, market players are establishing long-term trading contracts as service providers. Such measures are contributing to the increasing sales of vertical mast lifts across regions.
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What Issues Do Vertical Mast Lift Manufacturers Face?
“Vertical Mast Lift Limitations and Security Issues”
Vertical mast lifts are being explored for their vast applications; however, certain limitations are hampering market revenue growth. For instance, a VML has a small platform with a nonexistent platform extension, a narrow work zone, and increased platform sway with mast damage susceptibility, lacking 360-degree operational capabilities.
The smaller platform of the vertical mast lift lags the total platform support. In addition, the platform is connected only through one end of the mast, which results in platform sway that can not only lead to fatal injuries but also damage to commodities. In such cases, market players can add security features and support to ensure the safety of end users.
Furthermore, mast lifts have minimum protective measures to prevent debris from falling into the mast segments. This damages the mast, resulting in platform sway and revenue loss due to product damage.
“Availability of Alternatives Restraining VML Adoption”
The availability of alternative products such as hybrid lifts zero-turn series will negatively impact the sales of vertical mast lifts. The zero-turn series is built from the ground up as scissor lifts and offers precision control, maneuverability, low floor load pressures, and other benefits as compared to vertical mast lifts. The hybrid lifts zero turn series is suitable for complex and compact job sites.
These factors are major threats to vertical mast lift manufacturers’ growth prospects; however, they are coming up with robust solutions to overcome these restraints and capture the available opportunity in the market.
Country-wise Insights
How is the U.S. Construction Sector Driving High Demand for Vertical Mast Lifts?
The growing construction industry across the U.S. is accelerating the growth of the vertical mast lift market.
- For instance, according to data from the U.S. Census Bureau, total construction cost was valued at US$ 1.6 trillion in December 2021, a 9% increase from 2020. In 2020, the construction value was US$ 1.5 trillion in December. US$ 83.8 billion was spent on the construction of commercial spaces.
The growing construction industry in the country is elevating the demand for vertical mast lifts. VMLs are widely used for the transportation of construction goods, plaster, and others.
The United States vertical mast lifts market is currently valued at US$ 318.9 million and is expected to reach US$ 498.7 million by 2032.
Why is China a Highly Lucrative Market for Vertical Mast Lift Suppliers?
Growth in the logistics industry across China has led to the requirement for more warehouses. To carry out effective logistics and warehousing operations, vertical mast lifts are widely used. Hence, with the growing logistics industry in China, vertical mast lift suppliers have also witnessed high demand.
- For instance, China's logistics sector has projected steady growth in 2022. Social logistics increased by 7.2% year-on-year and reached 51.8 trillion yuan (approximately US$ 8.1 trillion), as per data from the China Federation of Logistics and Purchasing.
- China's logistics for industrial products rose by 7.5%, and high-tech manufacturing increased by 14.4%, whereas, equipment manufacturing climbed by 9.6%.
- Overall revenue generated by the logistics industry increased by 9.7% year-on-year to 1.6 trillion yuan (around US$ 0.2 trillion), as per data for the first two months of 2022.
Hence, this rapid logistics and warehousing growth has spurred the vertical mast lifts market growth outlook in China.
The China market for vertical mast lifts is expected to reach a valuation of US$ 248.9 million in 2022.
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Competitive landscape highlights only certain players
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Category-wise Insights
Why are Drivable Single Mast Vertical Lifts Most Widely Used?
Drivable single vertical mast lifts account for a high market value of US$ 636.3 million in 2022. These drivable single mast vertical lifts see comparatively high demand across end-use verticals than double mast vertical lifts. Drivable vertical mast lifts reduce manpower requirements and save time and other benefits.
These lifts also reduce the probability of product damage and revenue loss that generally occurs due to high jerks from pushing or pulling. These factors will contribute to segment growth over the coming years.
The derivable single mast vertical lifts segment is anticipated to expand at a CAGR of 5.8% and reach a value of US$ 1.19 billion by 2032.
How is the Warehousing & Logistics Sector Supplementing Market Growth?
The surging warehousing and logistics sector has strengthened the market's growth scenario.
- For instance, according to data from the Chartered Institute of Procurement & Supply (CIPS), around 3.4 million square meters of space will be used for the construction of a warehouse in 2021 in the U.K.
e-commerce companies are scrambling to meet the explosion in online orders. Additionally, growing demand across logistic industries coupled with the surging port business further requires warehousing space. As vertical mast lifts have higher adoption across all types of warehouses, segment growth is only set to increase over the decade.
The warehousing and logistics segment accounted for US$ 326.8 million in 2022 and is estimated to reach US$ 556.3 million by 2032, expanding at a CAGR of 5.5%.
Competitive Landscape
Key manufacturers of vertical mast lifts include JLG Industries, Terex Corporation., Jinan Tuhe Heavy Industry Machinery Co., Ltd., Skyjack (Linamar), Toyota Forklifts, Zhejiang Dingli Machinery Co., Ltd., HAULOTTE GROUP, RUTHMANN Holdings GmbH (Calcanto Werbeagentur), YaFeng Machinery Limited, and MEC.
Major market players of vertical mast lifts are switching to electrical vertical mast lift production over traditional ones. They are utilizing the power of sustainability and renewable resources.
Companies are also adopting eco-friendly materials for the production of VMLs to reduce their carbon footprint. In addition, product launches have become the key strategy being adopted by market players to remain competitive in the vertical mast lifts market.
- In March 2022, MEC launched its all-electric vertical mast lift series. The product is designed to prevent the risk of any oil leakage as it has zero hydraulic oil. The MMAE16, with its all-electric steer, drive, and lift, offers an optimum battery service.
- In October 2021, Linamar Corporation’s division Skyjack launched its all-new SJ16 E and SJ12 E vertical mast lifts. The new SJ12 E and SJ16 E emit zero emissions, consume less power, and have low carbon footprints.
Fact.MR has provided detailed information about the price points of key manufacturers of vertical mast lifts positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Vertical Mast Lift Industry Research
-
By Product Type :
- Pushable
- Single Mast Lifts
- Double Mast Lifts
- Drivable
- Single Mast Lifts
- Double Mast Lifts
- Pushable
-
By Working Height :
- Less than 6 m
- 6.1 m to 9 m
- 9.1 m to 12 m
- above 12 m
-
By Capacity :
- Less than 100 Kg
- 100 kg - 150 Kg
- 150 kg - 250 Kg
- 250 kg and above
-
By End-user Industry :
- Aviation
- Construction & Mining
- Media & Entertainment
- Government
- Industrial Manufacturing
- Warehouse & Logistics
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (‘000 Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Pushable
- 7.1.1. Single Mast Lift
- 7.1.2. Double Mast Lift
- 7.2. Drivable
- 7.2.1. Single Mast Lift
- 7.2.2. Double Mast Lift
- 7.1. Pushable
- 8. Global Market Analysis and Forecast, By Working Height
- 8.1. Less than 6 m
- 8.2. 6.1 m to 9 m
- 8.3. 9.1 m to 12 m
- 8.4. Above 12 m
- 9. Global Market Analysis and Forecast, By Capacity
- 9.1. Less than 100 Kg
- 9.2. 100 kg - 150 Kg
- 9.3. 150 kg - 250 Kg
- 9.4. 250 kg and above
- 10. Global Market Analysis and Forecast, By End-Users
- 10.1. Aviation
- 10.2. Construction & Mining
- 10.3. Media & Entertainment
- 10.4. Government
- 10.5. Industrial Manufacturing
- 10.6. Warehouse & Logistics
- 10.7. Others
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East & Africa
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Oceania Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. JLG Industries
- 20.2. Terex Corporation.
- 20.3. Jinan Tuhe Heavy Industry Machinery Co., Ltd.
- 20.4. Skyjack (Linamar)
- 20.5. Toyota Industries Corporation (TICO)
- 20.6. Zhejiang Dingli Machinery Co., Ltd.
- 20.7. HAULOTTE GROUP
- 20.8. RUTHMANN Holdings GmbH (Calcanto Werbeagentur)
- 20.9. YaFeng Machinery Limited
- 20.10. MEC.
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2017 to 2021
Table 02. Global Market Value (US$ million) and Forecast by Region, 2022 to 2032
Table 03. Global Market Volume (‘000 Units) and Forecast by Region, 2017 to 2021
Table 04. Global Market Volume (‘000 Units) and Forecast by Region, 2022 to 2032
Table 05. Global Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 06. Global Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 07. Global Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 08. Global Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 09. Global Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 10. Global Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 11. Global Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 12. Global Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 13. Global Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 14. Global Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 15. Global Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 16. Global Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 17. Global Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 18. Global Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 19. Global Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 20. Global Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
Table 21. North America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 22. North America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 23. North America Market Volume (‘000 Units) and Forecast by Country, 2017 to 2021
Table 24. North America Market Volume (‘000 Units) and Forecast by Country, 2022 to 2032
Table 25. North America Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 26. North America Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 27. North America Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 28. North America Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 29. North America Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 30. North America Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 31. North America Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 32. North America Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 33. North America Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 34. North America Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 35. North America Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 36. North America Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 37. North America Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 38. North America Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 39. North America Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 40. North America Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
Table 41. Latin America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 42. Latin America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 43. Latin America Market Volume (‘000 Units) and Forecast by Country, 2017 to 2021
Table 44. Latin America Market Volume (‘000 Units) and Forecast by Country, 2022 to 2032
Table 45. Latin America Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 46. Latin America Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 47. Latin America Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 48. Latin America Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 49. Latin America Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 50. Latin America Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 51. Latin America Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 52. Latin America Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 53. Latin America Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 54. Latin America Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 55. Latin America Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 56. Latin America Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 57. Latin America Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 58. Latin America Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 59. Latin America Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 60. Latin America Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
Table 61. Europe Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 62. Europe Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 63. Europe Market Volume (‘000 Units) and Forecast by Country, 2017 to 2021
Table 64. Europe Market Volume (‘000 Units) and Forecast by Country, 2022 to 2032
Table 65. Europe Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 66. Europe Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 67. Europe Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 68. Europe Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 69. Europe Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 70. Europe Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 71. Europe Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 72. Europe Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 73. Europe Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 74. Europe Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 75. Europe Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 76. Europe Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 77. Europe Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 78. Europe Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 79. Europe Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 80. Europe Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
Table 81. East Asia Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 82. East Asia Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 83. East Asia Market Volume (‘000 Units) and Forecast by Country, 2017 to 2021
Table 84. East Asia Market Volume (‘000 Units) and Forecast by Country, 2022 to 2032
Table 85. East Asia Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 86. East Asia Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 87. East Asia Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 88. East Asia Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 89. East Asia Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 90. East Asia Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 91. East Asia Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 92. East Asia Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 93. East Asia Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 94. East Asia Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 95. East Asia Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 96. East Asia Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 97. East Asia Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 98. East Asia Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 99. East Asia Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 100. East Asia Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
Table 101. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 102. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 103. South Asia & Oceania Market Volume (‘000 Units) and Forecast by Country, 2017 to 2021
Table 104. South Asia & Oceania Market Volume (‘000 Units) and Forecast by Country, 2022 to 2032
Table 105. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 106. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 107. South Asia & Oceania Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 108. South Asia & Oceania Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 109. South Asia & Oceania Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 110. South Asia & Oceania Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 111. South Asia & Oceania Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 112. South Asia & Oceania Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 113. South Asia & Oceania Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 114. South Asia & Oceania Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 115. South Asia & Oceania Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 116. South Asia & Oceania Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 117. South Asia & Oceania Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 118. South Asia & Oceania Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 119. South Asia & Oceania Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 120. South Asia & Oceania Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
Table 121. MEA Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 122. MEA Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 123. MEA Market Volume (‘000 Units) and Forecast by Country, 2017 to 2021
Table 124. MEA Market Volume (‘000 Units) and Forecast by Country, 2022 to 2032
Table 125. MEA Market Value (US$ million) and Forecast By Product Type, 2017 to 2021
Table 126. MEA Market Value (US$ million) and Forecast By Product Type, 2022 to 2032
Table 127. MEA Market Volume (‘000 Units) and Forecast By Product Type, 2017 to 2021
Table 128. MEA Market Volume (‘000 Units) and Forecast By Product Type, 2022 to 2032
Table 129. MEA Market Value (US$ million) and Forecast By Working Height, 2017 to 2021
Table 130. MEA Market Value (US$ million) and Forecast By Working Height, 2022 to 2032
Table 131. MEA Market Volume (‘000 Units) and Forecast By Working Height, 2017 to 2021
Table 132. MEA Market Volume (‘000 Units) and Forecast By Working Height, 2022 to 2032
Table 133. MEA Market Value (US$ million) and Forecast by Capacity, 2017 to 2021
Table 134. MEA Market Value (US$ million) and Forecast by Capacity, 2022 to 2032
Table 135. MEA Market Volume (‘000 Units) and Forecast by Capacity, 2017 to 2021
Table 136. MEA Market Volume (‘000 Units) and Forecast by Capacity, 2022 to 2032
Table 137. MEA Market Value (US$ million) and Forecast By End-Users, 2017 to 2021
Table 138. MEA Market Value (US$ million) and Forecast By End-Users, 2022 to 2032
Table 139. MEA Market Volume (‘000 Units) and Forecast By End-Users, 2017 to 2021
Table 140. MEA Market Volume (‘000 Units) and Forecast By End-Users, 2022 to 2032
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 03. Global Market Value (US$ million) and Volume (‘000 Units) by Region, 2022 & 2032
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05. Global Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 07. Global Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 08. Global Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 09. Global Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 10. Global Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 11. Global Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 12. Global Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 13. North America Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 14. North America Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 15. North America Market Value (US$ million) and Volume (‘000 Units) by Country, 2022 & 2032
Figure 16. North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 17. North America Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 18. North America Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 19. North America Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 20. North America Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 21. North America Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 22. North America Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 23. North America Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 24. North America Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 25. North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 26. North America Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 27. North America Market Attractiveness Analysis By Working Heights, 2022 to 2032
Figure 28. North America Market Attractiveness Analysis by Capacity, 2022 to 2032
Figure 29. North America Market Attractiveness Analysis By End-Users, 2022 to 2032
Figure 30. Latin America Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 31. Latin America Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 32. Latin America Market Value (US$ million) and Volume (‘000 Units) by Country, 2022 & 2032
Figure 33. Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 34. Latin America Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 35. Latin America Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 36. Latin America Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 37. Latin America Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 38. Latin America Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 39. Latin America Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 40. Latin America Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 41. Latin America Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 42. Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 43. Latin America Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 44. Latin America Market Attractiveness Analysis By Working Heights, 2022 to 2032
Figure 45. Latin America Market Attractiveness Analysis by Capacity, 2022 to 2032
Figure 46. Latin America Market Attractiveness Analysis By End-Users, 2022 to 2032
Figure 47. Europe Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 48. Europe Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 49. Europe Market Value (US$ million) and Volume (‘000 Units) by Country, 2022 & 2032
Figure 50. Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 51. Europe Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 52. Europe Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 53. Europe Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 54. Europe Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 55. Europe Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 56. Europe Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 57. Europe Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 58. Europe Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 59. Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 60. Europe Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 61. Europe Market Attractiveness Analysis By Working Heights, 2022 to 2032
Figure 62. Europe Market Attractiveness Analysis by Capacity, 2022 to 2032
Figure 63. Europe Market Attractiveness Analysis By End-Users, 2022 to 2032
Figure 64. East Asia Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 65. East Asia Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 66. East Asia Market Value (US$ million) and Volume (‘000 Units) by Country, 2022 & 2032
Figure 67. East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68. East Asia Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 69. East Asia Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 70. East Asia Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 71. East Asia Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 72. East Asia Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 73. East Asia Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 74. East Asia Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 75. East Asia Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 76. East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 77. East Asia Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 78. East Asia Market Attractiveness Analysis By Working Heights, 2022 to 2032
Figure 79. East Asia Market Attractiveness Analysis by Capacity, 2022 to 2032
Figure 80. East Asia Market Attractiveness Analysis By End-Users, 2022 to 2032
Figure 81. South Asia & Oceania Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 82. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 83. South Asia & Oceania Market Value (US$ million) and Volume (‘000 Units) by Country, 2022 & 2032
Figure 84. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85. South Asia & Oceania Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 86. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 87. South Asia & Oceania Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 88. South Asia & Oceania Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 89. South Asia & Oceania Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 90. South Asia & Oceania Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 91. South Asia & Oceania Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 92. South Asia & Oceania Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 93. South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 94. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 95. South Asia & Oceania Market Attractiveness Analysis By Working Heights, 2022 to 2032
Figure 96. South Asia & Oceania Market Attractiveness Analysis by Capacity, 2022 to 2032
Figure 97. South Asia & Oceania Market Attractiveness Analysis By End-Users, 2022 to 2032
Figure 98. MEA Market Value (US$ million) and Volume (‘000 Units) Forecast, 2022 to 2032
Figure 99. MEA Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 100. MEA Market Value (US$ million) and Volume (‘000 Units) by Country, 2022 & 2032
Figure 101. MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 102. MEA Market Value (US$ million) and Volume (‘000 Units) By Product Type, 2022 & 2032
Figure 103. MEA Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 104. MEA Market Value (US$ million) and Volume (‘000 Units) By Working Heights, 2022 & 2032
Figure 105. MEA Market Y-o-Y Growth Rate By Working Heights, 2022 to 2032
Figure 106. MEA Market Value (US$ million) and Volume (‘000 Units) by Capacity, 2022 & 2032
Figure 107. MEA Market Y-o-Y Growth Rate by Capacity, 2022 to 2032
Figure 108. MEA Market Value (US$ million) and Volume (‘000 Units) By End-Users, 2022 & 2032
Figure 109. MEA Market Y-o-Y Growth Rate By End-Users, 2022 to 2032
Figure 110. MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 111. MEA Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 112. MEA Market Attractiveness Analysis By Working Heights, 2022 to 2032
Figure 113. MEA Market Attractiveness Analysis by Capacity, 2022 to 2032
Figure 114. MEA Market Attractiveness Analysis By End-Users, 2022 to 2032
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- FAQs -
What is the estimated value of the global market for vertical mast lifts?
The global vertical mast lift market is valued at US$ 1.54 billion in 2022.
How is the market for vertical mast lifts expected to fare over the decade?
Revenue from the market for vertical mast lifts is anticipated to reach US$ 2.46 billion by 2032.
How has the global vertical mast lift market evolved?
From 2017 to 2021, sales of vertical mast lifts increased at 0.7% CAGR.
Which region is a lucrative market for vertical mast lift manufacturers?
East Asia accounts for 24.4% market share in 2022.
Which type of vertical mast lift has remained most popular?
Drivable single vertical mast lifts account for 59.4% share of the market.
Vertical Mast Lift Market