Global Vacuum Lifter Market 2017-2021
About Vacuum Lifter
Vacuum lifters are widely used in the glass industry, manufacturing facilities, construction sector, and warehouses for handling various flat and curved-surface materials. Vacuum lifters are used in the handling and logistics of float glass sheets in glass manufacturing facilities and for window and body installation in automotive manufacturing. In addition, they are used for the glazing of buildings, concrete slab handling during construction, pipe laying and handling cartons, and for material handling in warehouses and distribution centers.
Technavio’s analysts forecast the global vacuum lifter market to grow at a CAGR of 7.24% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global vacuum lifter market for 2017-2021. To calculate the market size, the report considers the 7.24
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Vacuum Lifter Market 2017-2021
Technavio recognizes the following companies as the key players in the global vacuum lifter market: Aardwolf, ANVER, Bystronic glass, J. SCHMALZ, and Wood's Powr-Grip.
Other Prominent Vendors in the market are: ACIMEX (CBE GROUP), FEZER, ANVER, Barbaric, Biesse Group, Carl Stahl, Elephant, Fukoku, GIS, Ingersoll-Rand, Kilner Vacuumation, NATSU Machine, Ox Worldwide (Cargo Flet Blasant), PALFINGER, Probst, Scaglia INDEVA, SKANVEIR, TAWI, Caldwell, Timmer, UniMove Vacuum Lifters, Vaculex (Piab), and VACU-LIFT.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Adoption of automation in various industries. The rising labor costs and difficulty in finding and retaining skilled labor pose a challenge for several industries, especially those which require manual labor, such as construction and manufacturing. This is leading to an increased rate of adoption of automation in several industries.”
According to the report, one of the major drivers for this market is Rise in global constructions. Vacuum lifters are used at construction sites for handling and movement of building materials, such as concrete slabs, girders, sheet metals, pipes, and glass sheets. As a result, the construction sector makes one of the largest end-users of vacuum lifting equipment and is expected to be the biggest driver for the global vacuum lifter market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Slowdown in Chinese economy. China is one of the biggest markets for vacuum lifters, both in terms of revenue and growth potential. However, the country's economy has been affected significantly due to the slowdown in trade and weakening of its currency. China's metal production capacity also declined during 2017, due to the supply glut.
Aardwolf, ANVER, Bystronic glass, J. SCHMALZ, Wood's Powr-Grip, ACIMEX (CBE GROUP), FEZER, ANVER, Barbaric, Biesse Group, Carl Stahl, Elephant, Fukoku, GIS, Ingersoll-Rand, Kilner Vacuumation, NATSU Machine, Ox Worldwide (Cargo Flet Blasant), PALFINGER, Probst, Scaglia INDEVA, SKANVEIR, TAWI, Caldwell, Timmer, UniMove Vacuum Lifters, Vaculex (Piab), and VACU-LIFT.
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