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Global Construction Lifts Market 2017-2021

Global Construction Lifts Market 2017-2021

About Construction Lifts

The construction lift comprises either one or a couple of cabs (cages) that travel vertically along stacked mast tower structures. The mast areas are connected to the structure or building at every 25 feet (7.62 meters) for additional stability. For correctly controlled travel along the mast segments, modern construction lifts utilize a motorized rack-and-pinion framework that moves the mast segments at different velocities. Though hoists have been overwhelmingly manufactured in Europe and the US, China is emerging as a manufacturer of construction lifts.

Technavio’s analysts forecast the global construction lifts market to grow at a CAGR of 7.43% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global construction lifts market for 2017-2021. To calculate the market size, the report considers the revenue generated from construction lift sales worldwide for 2016.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Construction Lifts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alimak
  • Fraco Products
  • XL Industries
  • Maber
  • STROS
Other prominent vendors
  • AVRO Hoist Company
  • Böcker Maschinenwerke GmbH
  • CABR Construction Machinery Technology
  • DE JONG Hoists (Aus)
  • Electroelsa
  • GAOLI Engineering Machinery
  • GEDA-USA
  • Ningbo Hongda Elevator
  • KAISAB
  • KONE
  • PEGA HOIST
  • RAXTAR
  • SAEClimber
  • SALTEC Elevation Solutions
  • TEA International
Market driver
  • Increasing investments in construction of high rise buildings.
  • For a full, detailed list, view our report
Market challenge
  • Volatile global raw material prices.
  • For a full, detailed list, view our report
Market trend
  • Adoption of high-speed construction hoists.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Construction Lifts Market 2017-2021

Technavio recognizes the following companies as the key players in the global construction lifts market: Alimak, Fraco Products, XL Industries, Maber, and STROS.

Other Prominent Vendors in the market are: AVRO Hoist Company, Böcker Maschinenwerke GmbH, CABR Construction Machinery Technology, DE JONG Hoists (Aus), Electroelsa, GAOLI Engineering Machinery, GEDA-USA, Ningbo Hongda Elevator, KAISAB, KONE, PEGA HOIST, RAXTAR, SAEClimber, SALTEC Elevation Solutions, and TEA International.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is adoption of high-speed construction hoists. The vertical conveyance of materials and work on construction sites are mostly accomplished by utilizing construction lifts, tower cranes, and cement pumping frameworks. In any case, the expanding number of elevated structure ventures worldwide has presented new difficulties in the vertical conveyance.”

According to the report, one driver in market is increasing investments in construction of high-rise buildings. For skyscraper construction, lifts are an essential transportation equipment for laborers, equipment, and material for the construction activities. They are important and necessary equipment as they oversee lifting workers and material efficiently. The number of lifts is based on the height of the building, construction sequence, and the interference with the building. Hence, new skyscrapers have a direct impact on the construction lifts industry. The expanding rate of urbanization in late decades has seen a quickened pace in the development of skyscrapers and tall structures worldwide, especially in the emerging economies of the world. The shortage of land in the thickly urbanized parts of the world is a key economic driver for the development of tall structures.

Further, the report states that one challenges in market is insufficient skilled labor. Numerous construction laborers are retiring, and the rate of retirement is set to rise by 20% in advanced economies where most of the workforce are over 50 years of age, and approximately around 10% are in their 60s. The industry is also losing out to competing sectors where work is more stable and pay is more competitive. With a maturing workforce and a poor pipeline of youngsters, the global construction lifts market may confront a skills crisis in the next decade. Construction lift and rental companies are already reporting huge deficiencies in obtaining skilled labor that is directly affecting their productivity. Failure to discover qualified laborers is hindering both construction activity and expanding costs.

Companies Mentioned

Alimak, Fraco Products, XL Industries, Maber, STROS, AVRO Hoist Company, Böcker Maschinenwerke GmbH, CABR Construction Machinery Technology, DE JONG Hoists (Aus), Electroelsa, GAOLI Engineering Machinery, GEDA-USA, Ningbo Hongda Elevator, KAISAB, KONE, PEGA HOIST, RAXTAR, SAEClimber, SALTEC Elevation Solutions, and TEA International.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Steps involved to derive market size
      • Table Construction lifts: Product segmentation
      • Table Construction lifts: Geographical segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Growth matrix for construction lifts industry
      • Table Values represented in growth matrix
      • Table Global construction lifts market: End-users
  • Market landscape
    • Market overview
      • Table Construction lift: Classification by product
    • Market size and forecast
      • Table Global construction lifts market 2016-2021 ($ millions)
      • Table Proposed high-rise buildings across the globe
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global construction lifts market segmentation by product
      • Table Segmentation of global construction lifts by product 2016
    • Global construction lifts market by construction hoists segment
      • Table Global construction hoists market 2016-2021 ($ millions)
    • Global construction lifts market by material hoists segment
      • Table Global material hoists market 2016-2021 ($ millions)
    • Global construction lifts market by work platforms segment
      • Table Global work platforms market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Global construction lifts market segmentation by end-user
      • Table Segmentation of global construction lifts by end-user 2016
    • Global construction lifts market in residential sector
      • Table Global construction lifts market in residential sector 2016-2021 ($ millions)
    • Global construction lifts market in non-residential sector
      • Table Global construction lifts market in non-residential sector 2016-2021 ($ millions)
    • Global construction lifts market in others sector
      • Table Global construction lifts market in other sectors 2016-2021 ($ millions)
  • Geographical segmentation
    • Global construction lifts market segmentation by geography
      • Table Segmentation of global construction lifts by geography 2016
    • Construction lifts market in Americas
      • Table Construction lifts market in Americas 2016-2021 ($ millions)
    • Construction lifts market in EMEA
      • Table Construction lifts market in EMEA 2016-2021 ($ millions)
    • Construction lifts market in APAC
      • Table Construction lifts market in APAC 2016-2021 ($ millions)
  • Market drivers
    • Increasing investments in construction of high-rise buildings
    • Increased rental penetration
    • Stringent regulations
    • Growth in building refurbishment activities
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Insufficient skilled labor
    • Self-climbing jump lifts
    • Pricing risk in certain markets
    • Volatile global raw material prices
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Adoption of high-speed construction hoists
    • Increasing importance of energy efficiency
    • Greater use of work platforms
    • Inclined construction hoists
  • Vendor landscape
    • Vendor overview
    • Other prominent vendors
  • Key vendor analysis
    • Alimak
      • Table Alimak Group: Product segmentation
      • Table Alimak: Construction lifts range
      • Table Alimak: After-sales offerings
      • Table Alimak: Recent developments
    • Fraco Products
      • Table Fraco Products: Product range
      • Table Fraco Products: Recent developments
    • XL Industries
      • Table XL Industries: Product range
      • Table XL Industries: Construction elevator range
      • Table XL Industries: Construction elevator range technical specifications
      • Table XL Industries: Construction platform range
      • Table XL Industries: Construction platform range technical specification
      • Table XL Industries: Construction material hoists technical specifications
      • Table XL Industries: Recent developments
    • Maber
      • Table Maber: Product range
      • Table Maber: Recent developments
    • STROS
      • Table STROS: Key product and services
      • Table STROS: Product range
      • Table STROS: Construction hoist specifications
      • Table STROS: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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