Industrial Lifting Equipment Market Analysis By Types (Diesel, Electric), Applications and Region

Industrial Lifting Equipment Market Competitive Landscape 2022 Companies covered in the Industrial Lifting Equipment Market are Toyota, Kion Group, Hyster-Yale Materials Handling, Jungheinrich, Liebherr, Cargotec, Terex, Konecranes, Manitowoc, Columbus Mckinnon, Kito, Ingersoll-Rand, Linamar, Oshkosh, Zoomlion, Tadano, Haulotte Group, Xuzhou Construction Machinery Group (XCMG), Crown Equipment, Mammoet, Komatsu, Palfinger, Shanghai Zhenhua Heavy Industry (ZPMC), Mitsubishi Logisnext, Anhui Forklift Truck Group and others.

This report focuses on the Industrial Lifting Equipment in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

In 2017, cranes held the largest share of the overall industrial lifting equipment market. Cranes are an integral part of the global material handling industry. The increasing demand for construction machinery in the construction industry and in the mining industry for ore extraction are driving the demand for cranes. The market for hydraulic cranes by operations held the largest market share in 2017. Hydraulic cranes are widely used for hoisting and moving heavy materials in shipyards, warehouses, and industrial workshops. Moreover, hydraulic cranes are used in transport, manufacturing, and construction industries.

Asia Pacific is estimated to account for the largest share of the overall industrial lifting equipment market. However, the industrial lifting equipment market in Europe and North America is likely to witness substantial growth. Asia Pacific is the most lucrative market for cranes and hoists, owing to the significant investment being made for construction activities in the region. The rising need for infrastructure in developing economies such as India and China supplements the growth of the industrial lifting equipment market in this region.

The worldwide market for Industrial Lifting Equipment is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017

Lifting equipment is a general term for any equipment that can be used to lift loads. In this report, the overall industrial lifting equipment market has been segmented on the basis of four lifting equipment forklift, aerial work platform, crane, and hoist.

Rising Demand In Manufacturing, Wholesale & Retail Distribution, Freight & Logistics Driving the growth of Industry

Get a Sample PDF of report –

Our Other Reports :

Autonomous Vehicles and ADAS Market

Concrete Batching Plant Market

Related Articles

Back to top button