Construction Lifts

Global Construction Lifts Market to Reach US$2.2 Billion by 2030

The global market for Construction Lifts estimated at US$1.7 Billion in the year 2024, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2024-2030. Residential Construction End-Use, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$1.5 Billion by the end of the analysis period. Growth in the Non-Residential Construction End-Use segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$468.3 Million While China is Forecast to Grow at 7.8% CAGR

The Construction Lifts market in the U.S. is estimated at US$468.3 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$474.7 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Construction Lifts - Key Trends and Drivers

Construction lifts, essential machinery for vertical transportation of materials and personnel on construction sites, feature aerial platforms supported by extension frames, typically mounted on vehicles or directly on the ground. These lifts facilitate the movement of materials during various stages of a construction project and elevate workers to reach difficult areas for detailed finishing work. There are several types of construction lifts, each designed for specific tasks and offering unique advantages. Examples include articulating boom lifts, which have jointed arms that maneuver around obstacles; telescopic boom lifts, known for their long, extendable arms reaching high elevations; and towable boom lifts, designed for easy transportation between sites. Additionally, bucket trucks (cherry pickers) and rough terrain scissor lifts cater to specialized needs like utility work and rugged outdoor conditions. Vertical mast lifts, on the other hand, are ideal for tight spaces but have a lower maximum height.

The growth of the construction lifts market is primarily driven by the booming construction industry, especially in developing countries where infrastructure development is a priority. Rapid urbanization and the need for high-rise buildings in densely populated areas have significantly increased the demand for construction lifts. Renovation and reconstruction of existing structures also contribute to market growth, as these projects often require efficient transportation of materials to higher elevations. Furthermore, the efficient and safe movement of construction materials such as cement, gravel, and bricks using construction lifts enhances productivity and reduces manual labor. This is particularly important in the construction of high-rise buildings where manually transporting materials is impractical and time-consuming. The integration of new technologies, such as the Internet of Things (IoT), in construction equipment allows companies to monitor and optimize the operations of their construction lifts, further driving market growth.

The construction lifts market is significantly influenced by the increased adoption of automation and advanced technology to enhance the efficiency and safety of lifts. The rise of smart cities and the push for efficient urban environments have spurred the demand for modern construction lifts equipped with advanced control systems and real-time monitoring capabilities. The shift towards sustainability and eco-friendly practices has also influenced the market, with manufacturers developing lifts that are more energy-efficient and environmentally friendly. The continuous innovation in lift technology and the growing construction activities worldwide, particularly in emerging economies, present substantial opportunities for the construction lifts market. The development of lifts that can operate in diverse and challenging environments, coupled with the need for efficient material handling in high-rise construction, ensures the sustained growth and relevance of construction lifts in the industry.

SCOPE OF STUDY:

The report analyzes the Construction Lifts market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Residential Construction End-Use, Non-Residential Construction End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Alimak Group AB
• BrandSafway
• Electroelsa srl
• Fraco Products Ltd.
• Gaoli Engineering Machinery Co.,Ltd.
• GEDA - USA
• Geda Gmbh
• ICARE Lifts Systems
• Kone Corporation
• Maber Hoist s.r.l.
• Pega Hoist Ltd.
• SAEClimber S.L.
• Spartan Engineering Industries Pvt. Ltd.
• STROS - Sedlcanské strojírny AS
• Ucel Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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