About Industrial Lifting Equipment
Industrial lifting equipment is any work equipment used for lifting and lowering loads. It includes jacks, blocks and tackle, hoists, rotating screws and others. In every industry lifting equipment is necessary for lifting purposes. This equipment reduces human efforts and time by lifting anything and placing it wherever desired.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Industrial Lifting Equipment market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Lifting Equipment Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Industrial Lifting Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hyster-Yale Material Handling (United States), Oshkosh (United States), Toyota Industries (Japan), KION Group (Germany), Linamar (Canada), Konecranes (Finland), Cargotec (Finland), Terex (United States), Tadano (Japan) and Liebherr (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Manitowoc (United States), Ingersoll Rand (Ireland), Mammoet (Netherlands), ZPMC (China) and KITO (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Lifting Equipment market by Type (Lifts, Fork Lifts, Hoists, Stackers, Pallet Trucks, Robotic Arms and Others), Application (Manufacturing, Wholesale & Retail Distribution, Freight & Logistics and Others) and Region.
On the basis of geography, the market of Industrial Lifting Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Overhead will boost the Industrial Lifting Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Diesel will boost the Industrial Lifting Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Electric Lifting Equipment
Market Growth Drivers:
High Demand for Lifting Loads in Numerous Industries and Rise in the Demand for Forklifts in Warehouse and Logistics
Challenges:
Lack of Skilled Operators
Restraints:
High Initial Investment
Opportunities:
Growing E-Commerce Industry Worldwide and Growth in the Construction Industry
Market Leaders and their expansionary development strategies
In December 2023, Veslatec has acquired the lifting equipment manufacturer Nordlift Oy in December. The acquisition will strengthen Veslatec’s position in international markets and expand the company’s product selection.
In May 2023, Toyota Material Handling (TMH) is launching three new electric forklift models, adding to the company’s industry-leading lineup of material handling products and solutions. The new electric product launch features a Side-Entry End Rider, a Center Rider Stacker, and an Industrial Tow Tractor.
Key Target Audience
Industrial Lifting Equipment Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.