
Global Industrial Lifting Equipment Market Size, Trends & Growth Opportunity, By Type (Lifts, Pallet Trucks, Forklifts, Stackers, and Robotic Arms), By Mechanism (Magnetic, Electrical, Hydraulic, Pneumatic, and Scissor Lifts), By Nature of Installation (O
Description
Global Industrial Lifting Equipment Market Size, Trends & Growth Opportunity, By Type (Lifts, Pallet Trucks, Forklifts, Stackers, and Robotic Arms), By Mechanism (Magnetic, Electrical, Hydraulic, Pneumatic, and Scissor Lifts), By Nature of Installation (Overhead, Vehicle Mounted, and Fulcrum), By Application, Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Industrial Lifting Equipment Market
Global Industrial Lifting Equipment Market was valued at USD 69.23 billion in 2021 and expected to reach USD 93.62 billion by 2027 at a CAGR 4.97 %from 2022 -2027.
Heavy machinery and equipment must be lifted or moved from one location to another using industrial lifting equipment. Cranes, hoists, forklifts, stackers, hook-pulleys, and other industrial lifting equipment fall into these categories. They have a variety of uses in factories, buildings, fabrication shops, dockyards, warehouses, and other places.
Market Drivers
The main factor driving the growth of the global industrial lifting equipment market is the rise in demand for lifting equipment’s as a result of increased warehousing and logistics industry usage. The expansion of industrialization activities will also increase demand for the product from the mining and construction sectors, which will benefit market expansion.
Additionally, the shipping industry's growing need for lifting equipment is anticipated to fuel the expansion of the global market for industrial lifting equipment.
Market Restraints
The primary restraint on the growth of the global industrial lifting equipment market, however, is the high investment cost. Additionally, a shortage of skilled workers will hinder market expansion.
Market Segmentation
The Global Industrial Lifting Equipment Market is segmented into type such as Lifts, Pallet Trucks, Forklifts, Stackers, and Robotic Arms, by mechanism such as Magnetic, Electrical, Hydraulic, Pneumatic, and Scissor Lifts, by nature of installation such as Overhead, Vehicle Mounted, and Fulcrum.
Further, market is segmented into application such as Manufacturing industry, Shipping dockyards & warehouses, and Process Industry.
Regional Analysis
The Global Industrial Lifting Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
During the forecast period, the Asia Pacific region is anticipated to have the highest CAGR. This is primarily attributable to the fact that the global market for industrial lifting equipment has seen an increase in demand for lifting loads in the shipping sector, forklift sales in the warehouse and logistics sector, and crane and hoist sales in the mining sector.
Market Key Players
Various key players are discussed into this report such as Toyota Industries, Columbus Mckinnon, Manitowoc, Konecranes, Terex, Cargotec, Liebherr, Jungheinrich, Hyster-Yale Materials Handling, and Kion Group.
Market Taxonomy
By Type
Global Industrial Lifting Equipment Market
Global Industrial Lifting Equipment Market was valued at USD 69.23 billion in 2021 and expected to reach USD 93.62 billion by 2027 at a CAGR 4.97 %from 2022 -2027.
Heavy machinery and equipment must be lifted or moved from one location to another using industrial lifting equipment. Cranes, hoists, forklifts, stackers, hook-pulleys, and other industrial lifting equipment fall into these categories. They have a variety of uses in factories, buildings, fabrication shops, dockyards, warehouses, and other places.
Market Drivers
The main factor driving the growth of the global industrial lifting equipment market is the rise in demand for lifting equipment’s as a result of increased warehousing and logistics industry usage. The expansion of industrialization activities will also increase demand for the product from the mining and construction sectors, which will benefit market expansion.
Additionally, the shipping industry's growing need for lifting equipment is anticipated to fuel the expansion of the global market for industrial lifting equipment.
Market Restraints
The primary restraint on the growth of the global industrial lifting equipment market, however, is the high investment cost. Additionally, a shortage of skilled workers will hinder market expansion.
Market Segmentation
The Global Industrial Lifting Equipment Market is segmented into type such as Lifts, Pallet Trucks, Forklifts, Stackers, and Robotic Arms, by mechanism such as Magnetic, Electrical, Hydraulic, Pneumatic, and Scissor Lifts, by nature of installation such as Overhead, Vehicle Mounted, and Fulcrum.
Further, market is segmented into application such as Manufacturing industry, Shipping dockyards & warehouses, and Process Industry.
Regional Analysis
The Global Industrial Lifting Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
During the forecast period, the Asia Pacific region is anticipated to have the highest CAGR. This is primarily attributable to the fact that the global market for industrial lifting equipment has seen an increase in demand for lifting loads in the shipping sector, forklift sales in the warehouse and logistics sector, and crane and hoist sales in the mining sector.
Market Key Players
Various key players are discussed into this report such as Toyota Industries, Columbus Mckinnon, Manitowoc, Konecranes, Terex, Cargotec, Liebherr, Jungheinrich, Hyster-Yale Materials Handling, and Kion Group.
Market Taxonomy
By Type
- Lifts
- Pallet Trucks
- Forklifts
- Stackers
- Robotic Arms
- Magnetic
- Electrical
- Hydraulic
- Pneumatic
- Scissor Lifts
- Overhead
- Vehicle Mounted
- Fulcrum
- Manufacturing industry,
- Shipping dockyards & warehouses
- Process Industry
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
191 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Industrial Lifting Equipment Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Industrial Lifting Equipment Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Industrial Lifting Equipment Market Share Analysis, By Type
- 5.3 Global Industrial Lifting Equipment Market Size and Forecast, By Type
- 5.3.1 Lifts
- 5.3.2 Pallet Trucks
- 5.3.3 Forklifts
- 5.3.4 Stackers
- 5.3.5 Robotic Arms
- 6 Global Industrial Lifting Equipment Market, By Mechanism
- 6.1 Y-o-Y Growth Comparison, By Mechanism
- 6.2 Global Industrial Lifting Equipment Market Share Analysis, By Mechanism
- 6.3 Global Industrial Lifting Equipment Market Size and Forecast, By Mechanism
- 6.3.1 Magnetic
- 6.3.2 Electrical
- 6.3.3 Hydraulic
- 6.3.4 Pneumatic
- 6.3.5 Scissor Lifts
- 7 Global Industrial Lifting Equipment Market, By Nature of Installation
- 7.1 Y-o-Y Growth Comparison, By Nature of Installation
- 7.2 Global Industrial Lifting Equipment Market Share Analysis, By Nature of Installation
- 7.3 Global Industrial Lifting Equipment Market Size and Forecast, By Nature of Installation
- 7.3.1 Overhead
- 7.3.2 Vehicle Mounted
- 7.3.3 Fulcrum
- 8 Global Industrial Lifting Equipment Market, By Application
- 8.1 Y-o-Y Growth Comparison, By Application
- 8.2 Global Industrial Lifting Equipment Market Share Analysis, By Application
- 8.3 Global Industrial Lifting Equipment Market Size and Forecast, By Application
- 8.3.1 Manufacturing Industry
- 8.3.2 Shipping, Dockyards, & warehouses
- 8.3.3 Process Industry
- 9 Global Industrial Lifting Equipment Market, By Region
- 9.1 Global Industrial Lifting Equipment Market Share Analysis, By Region
- 9.2 Global Industrial Lifting Equipment Market Share Analysis, By Region
- 9.3 Global Industrial Lifting Equipment Market Size and Forecast, By Region
- 10 North America Industrial Lifting Equipment Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 North America Industrial Lifting Equipment Market Share Analysis, By Type
- 10.3 North America Industrial Lifting Equipment Market Size and Forecast, By Mechanism
- 10.4 North America Industrial Lifting Equipment Market Size and Forecast, By Nature of Installation
- 10.5 North America Industrial Lifting Equipment Market Size and Forecast, By Application
- 10.6 North America Industrial Lifting Equipment Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Industrial Lifting Equipment Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Europe Industrial Lifting Equipment Market Share Analysis, By Type
- 11.3 Europe Industrial Lifting Equipment Market Size and Forecast, By Mechanism
- 11.4 Europe Industrial Lifting Equipment Market Size and Forecast, By Nature of Installation
- 11.5 Europe Industrial Lifting Equipment Market Size and Forecast, By Application
- 11.6 Europe Industrial Lifting Equipment Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4 Rest of Europe
- 12 Asia Pacific Industrial Lifting Equipment Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Asia Pacific Industrial Lifting Equipment Market Share Analysis, By Type
- 12.3 Asia Pacific Industrial Lifting Equipment Market Size and Forecast, By Mechanism
- 12.4 Asia Pacific Industrial Lifting Equipment Market Size and Forecast, By Nature of Installation
- 12.5 Asia Pacific Industrial Lifting Equipment Market Size and Forecast, By Application
- 12.6 Asia Pacific Industrial Lifting Equipment Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4 Rest of Asia Pacific
- 13 Latin America Industrial Lifting Equipment Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Latin America Industrial Lifting Equipment Market Share Analysis, By Type
- 13.3 Latin America Industrial Lifting Equipment Market Size and Forecast, By Mechanism
- 13.4 Latin America Industrial Lifting Equipment Market Size and Forecast, By Nature of Installation
- 13.5 Latin America Industrial Lifting Equipment Market Size and Forecast, By Application
- 13.6 Latin America Industrial Lifting Equipment Market Size and Forecast, By Country
- 13.6.1 Brazil
- 13.6.2 Rest of Latin America
- 14 Middle East Industrial Lifting Equipment Market Analysis and Forecast (2017 – 2027)
- 14.1 Introduction
- 14.2 Middle East Industrial Lifting Equipment Market Share Analysis, By Type
- 14.3 Middle East Industrial Lifting Equipment Market Size and Forecast, By Mechanism
- 14.4 Middle East Industrial Lifting Equipment Market Size and Forecast, By Nature of Installation
- 14.5 Middle East Industrial Lifting Equipment Market Size and Forecast, By Application
- 14.6 Middle East Industrial Lifting Equipment Market Size and Forecast, By Country
- 14.6.1 Saudi Arabia
- 14.6.2 UAE
- 14.6.3 Egypt
- 14.6.4 Kuwait
- 14.6.5 South Africa
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 Toyota Industries
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 Columbus Mckinnon
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 Manitowoc
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 Konecranes
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 Cargotec
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 Liebherr
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 Jungheinrich
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 Hyster-Yale Materials Handling
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 Kion Group
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 Terex
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
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