Industrial Lifts

Industrial Lifts

Global Industrial Lifts Market to Reach $20.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Industrial Lifts estimated at US$13.6 Billion in the year 2020, is projected to reach a revised size of US$20.7 Billion by 2027, growing at a CAGR of 6.2% over the period 2020-2027.

The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 9.2% CAGR

The Industrial Lifts market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 33 Featured) -

• Cargotec
• Columbus Mckinnon
• Hyster-Yale Materials Handling
• Ingersoll-Rand
• Jungheinrich
• Kion Group
• Kito
• Konecranes
• Liebherr
• Linamar

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