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Pulished Date July, 2021
ID: 11856
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Industrial Lifting Equipment market segmentation by Operation (diesel, electric, gasoline and LPG/CNG) By Class (class 1, class 2, class 3, class 4 and 5) By Application (manufacturing, wholesale and retail distribution, freight and logistics, others) By Type (boom lifts, scissor lifts, vertical mast lifts, others) By Industry (aerospace and defense, automotive and railway, mining, construction, marine, shipping and material handling, energy and power, others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: July, 2021
ID: 11856
Pages: 175

Industrial Lifting Equipment Market Size, Scope, Trends & Growth (2021 - 2026)

Manufacturing industries have developed very rapidly since the Second Industrial Revolution and the mid-1990s. Industries continually strive to increase their production capacity and emphasize their "everything under one roof" policy. Since the beginning of industrialization, the manufacturer has struggled to cope with handling problems. Handling means moving materials from one location to another, which can include dragging, transporting, or lifting materials. Sometimes lifting materials is a difficult task when the materials are delicate, hot, or very heavy. For this, almost all industries involve the use of lifting equipment. Industrial lifting equipment are special machines or mechanisms which can reduce human effort to lift something and place it where you'd love it. Industrial lifting equipment can include hoists, hoists, cranes, hook sheaves, lifting positions, complexity, automated or manual system, etc.

The expanding interest for lifting loads in the delivery business, the expanding interest for forklifts in the distribution center and logistics fragment, and the expanding interest for cranes and hoists in the mining business are the fundamental drivers of industrial lifting equipment market.

Recent Developments:

  • JLG Industries' parent company, Oshkosh Corporation, invests in Microvast, a global provider of next-generation battery technologies for commercial and specialty electric vehicles, driving the development of advanced electrified solutions.
  • Consolidated revenues for the fourth quarter of 2020 decreased 13.8% compared to the fourth quarter of 2019 due to lower deliveries as a result of the persistent effects of very low reserves during the peak period of pandemic closures worldwide, as well as the pace of the subsequent recovery of the forklift market.
  • KION, world leader in logistics, creates more than 100 additional jobs in Pune. The new factory, which covers approximately 94,000 square meters, is expected to be commissioned in early 2020. It will include a state-of-the-art production facility, a research and development center, a training center for service and space personnel for the future growth from Dematic in India.
  • Toyota Industries North America procured the resources of Hoist Liftruck Mfg.

Drivers and Restraints of Industrial Lifting Equipment Market:

Drivers:

The industrial lifting equipment market is primarily dependent on industrial growth and the degree of automation. Companies invest heavily to increase their production and equipment stocks. Efforts to expand its warehouses in different regions to extend the reach everywhere are some of the factors that are expected to drive the market for industrial lifting equipment. Furthermore, the increase in domestic and international trade and flowering material transportation industries mean that industrial lifting equipment for loading, unloading and stacking is also expected to drive the market for industrial lifting equipment. In addition, the participation of such equipment in the construction sector can also generate demand in the market for industrial lifting equipment. It is desirable that industrial lifting equipment performs its function and is strong enough to lift a wide range of weights. In addition, industrial lifting equipment should take up less space for installation and transportation applications.

Restraints:

The principle challenge in the industrial lifting equipment market is the absence of administrators. The interest for qualified administrators has been on the ascent for quite a long time. Be that as it may, most enterprises face a deficiency of qualified architects and upkeep work force to appropriately uphold and look after equipment. Utilizing an enormous number of parts on one crane requires profoundly gifted work to amass segments and wire harness and operate different cranes and forklifts to lift and lower objects.

Industrial Lifting Equipment Market Segmentation:

By Operations:

  • Diesel
  • Electric
  • Gasoline & LPG/CNG

By Class:

  • Class 1
  • Class 2
  • Class 3
  • Class 4&5

By Application:

  • Manufacturing
  • Wholesale & Retail Distribution
  • Freight & Logistics
  • Others (Construction and Waste Handling)

The construction segment is expected to dominate the market during the forecast period, due to rapid infrastructure development and increased construction activity around the world.

by Type

  • Boom Lifts
  • Scissor Lifts
  • Vertical Mast Lifts
  • Others

The forklift segment is expected to account for the largest market share during the forecast period, due to the advantages that forklifts offer such as low noise and improved fuel efficiency. The operating cost of forklifts is low and environmentally friendly.

by Industry

  • Aerospace and Defense
  • Automotive & Railway
  • Mining
  • Construction
  • Marine
  • Shipping & Material Handling
  • Energy & Power
  • Others

Industrial Lifting Equipment Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan

Asia-Pacific is estimated to account for the majority of the overall industrial lifting equipment market. However, the European and North American market is expected to experience substantial growth. Asia-Pacific is the most lucrative market for cranes and hoists, due to the large investments made in construction activities in the region. The growing need for infrastructure in developing economies like India and China complements the growth of the market in this region.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

Some of the key players in the industrial lifting equipment market include Toyota Industries (Japan), KION Group (Germany), Hyster-Yale Material Handling (US), Oshkosh (US), Linamar (Canada), Konecranes (Finland), Cargotec (Finland), Terex (US), Tadano (Japan), Liebherr (Switzerland), Manitowoc (US), Ingersoll Rand (Ireland), Mammoet (Netherlands), ZPMC (China), KITO (Japan), XCMG (China), Zoomlion (China), and Columbus McKinnon (US).

IMPACT OF COVID-19 ON INDUSTRIAL LIFTING EQUIPMENT MARKET:

Amid the COVID-19 crisis, the estimated US $ 3.3 billion global patient lift equipment market in 2020 is expected to reach a revised size of US $ 7 billion by 2027, with a CAGR of 11. 4% during analysis period 2020-2027. Roof lifts, one of the segments analyzed in the report, is expected to register a CAGR of 11.9% and reach US $ 1.9 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Star & Wheelchair Lift segment is readjusted to a revised CAGR of 12.2% for the next 7-year period. The market for patient lift equipment in the United States is estimated at $ 888.6 million in 2020. China, the world's second-largest economy, is expected to reach a projected market size of $ 1.5 billion by 2020 2027, with a CAGR of 15% during the analysis period from 2020 to 2027. Other notable geographies are Japan and Canada, each forecasting growth of 7.9% and 9.8% respectively during the period 2020-2027. In Europe, Germany is expected to grow around 8.9% CAGR.

1. Introduction                         

          1.1 Market Definition               

          1.2 Scope of the report            

          1.3 Study Assumptions            

          1.4 Base Currency, Base Year and Forecast Periods                  

2. Research Methodology                            

          2.1 Analysis Design                 

          2.2 Research Phases                

                    2.2.1 Secondary Research        

                    2.2.2 Primary Research  

                    2.2.3 Data Modelling     

                    2.2.4 Expert Validation  

          2.3 Study Timeline                   

3. Report Overview                             

          3.1 Executive Summary           

          3.2 Key Inferencees                  

4. Market Dynamics                           

          4.1 Impact Analysis                  

                    4.1.1 Drivers        

                    4.1.2 Restaints     

                    4.1.3 Opportunities       

          4.2 Regulatory Environment              

          4.3 Technology Timeline & Recent Trends            

5. Competitor Benchmarking Analysis                            

          5.1 Key Player Benchmarking            

                    5.1.1 Market share analysis     

                    5.1.2 Products/Service   

                    5.1.3 Regional Presence 

          5.2 Mergers & Acquistion Landscape          

          5.3 Joint Ventures & Collaborations            

6. Market Segmentation                    

          6.1 industrial lifting equipment Market, By Operations            

                    6.1.1 Diesel          

                    6.1.2 Electric        

                    6.1.3 Gasoline & LPG/CNG      

                    6.1.4 Market Size Estimations & Forecasts (2021-2026)

                    6.1.5 Y-o-Y Growth Rate Analysis    

                    6.1.6 Market Attractiveness Index    

          6.2 industrial lifting equipment Market, By Application           

                    6.2.1 Manufacturing      

                    6.2.2 Wholesale & Retail Distribution          

                    6.2.3 Freight & Logistics          

                    6.2.4 Others (Construction and Waste Handling)

                    6.2.5 Market Size Estimations & Forecasts (2021-2026)

                    6.2.6 Y-o-Y Growth Rate Analysis    

                    6.2.7 Market Attractiveness Index    

          6.3 industrial lifting equipment Market, By Class           

                    6.3.1 Class 1        

                    6.3.2 Class 2        

                    6.3.3 Class 3        

                    6.3.4 Class 4&5   

                    6.3.5 Market Size Estimations & Forecasts (2021-2026)

                    6.3.6 Y-o-Y Growth Rate Analysis    

                    6.3.7 Market Attractiveness Index    

          6.4 industrial lifting equipment Market, By Type            

                    6.4.1 Boom Lifts  

                    6.4.2 Scissor Lifts

                    6.4.3 Vertical Mast Lifts

                    6.4.4 Others         

                    6.4.5 Market Size Estimations & Forecasts (2021-2026)

                    6.4.6 Y-o-Y Growth Rate Analysis    

                    6.4.7 Market Attractiveness Index    

          6.5 industrial lifting equipment Market, By Industry                

                    6.5.1 Aerospace and Defense  

                    6.5.2 Automotive & Railway    

                    6.5.3 Mining         

                    6.5.4 Construction         

                    6.5.5 Marine         

                    6.5.6 Shipping & Material Handling  

                    6.5.7 Energy & Power    

                    6.5.8 Others         

                    6.5.9 Market Size Estimations & Forecasts (2021-2026)

                    6.5.10 Y-o-Y Growth Rate Analysis  

                    6.5.11 Market Attractiveness Index  

7. Geographical Landscape                          

          7.1 Global Identity Governance and Administration Market, by Region                  

          7.2 North America - Market Analysis (2021 - 2026)               

                    7.2.1 By Country  

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Operations       

                    7.2.3 By Application      

                    7.2.4 By Class      

                    7.2.5 By Type       

                    7.2.6 By Industry  

          7.3 Europe            

                    7.3.1 By Country  

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Operations       

                    7.3.3 By Application      

                    7.3.4 By Class      

                    7.3.5 By Type       

                    7.3.6 By Industry  

          7.4 Asia Pacific               

                    7.4.1 By Country  

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Operations       

                    7.4.3 By Application      

                    7.4.4 By Class      

                    7.4.5 By Type       

                    7.4.6 By Industry  

          7.5 Latin America           

                    7.5.1 By Country  

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Operations       

                    7.5.3 By Application      

                    7.5.4 By Class      

                    7.5.5 By Type       

                    7.5.6 By Industry  

          7.6 Middle East and Africa                 

                    7.6.1 By Country  

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Operations       

                    7.6.3 By Application      

                    7.6.4 By Class      

                    7.6.5 By Type       

                    7.6.6 By Industry  

8. Key Player Analysis                        

          8.1 Toyota Industries (Japan)            

                    8.1.1 Business Description      

                    8.1.2 Products/Service   

                    8.1.3 Financials    

                    8.1.4 SWOT Analysis      

                    8.1.5 Recent Developments     

                    8.1.6 Analyst Overview  

          8.2 KION Group (Germany)                

          8.3 Hyster-Yale Material Handling (US)                 

          8.4 Oshkosh (US)           

          8.5 Linamar (Canada)              

          8.6 Konecranes (Finland)                   

          8.7 Cargotec (Finland)             

          8.8 Terex (US)                

          8.9 Tadano (Japan)                   

          8.10 Liebherr (Switzerland)               

9. Market Outlook & Investment Opportunities                        

Appendix                       

          List of Tables                 

          List of Figures                

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Lifting Equipment Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial Lifting Equipment Market By Operations, From 2021-2026 ( USD Billion )
  3. Global Diesel  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Electric  Market By Region, From 2021-2026 ( USD Billion )
  5. Global Gasoline & LPG/CNG  Market By Region, From 2021-2026 ( USD Billion )
  6. Global Industrial Lifting Equipment Market By Application, From 2021-2026 ( USD Billion )
  7. Global Manufacturing  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Wholesale & Retail Distribution  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Freight & Logistics  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Others (Construction and Waste Handling)  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Industrial Lifting Equipment Market By Class, From 2021-2026 ( USD Billion )
  12. Global Class 1  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Class 2  Market By Region, From 2021-2026 ( USD Billion )
  14. Global Class 3  Market By Region, From 2021-2026 ( USD Billion )
  15. Global Class 4&5  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Industrial Lifting Equipment Market By Type, From 2021-2026 ( USD Billion )
  17. Global Boom Lifts  Market By Region, From 2021-2026 ( USD Billion )
  18. Global Scissor Lifts  Market By Region, From 2021-2026 ( USD Billion )
  19. Global Vertical Mast Lifts  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Others  Market By Region, From 2021-2026 ( USD Billion )
  21. Global Industrial Lifting Equipment Market By Industry, From 2021-2026 ( USD Billion )
  22. Global Aerospace and Defense  Market By Region, From 2021-2026 ( USD Billion )
  23. Global Automotive & Railway  Market By Region, From 2021-2026 ( USD Billion )
  24. Global Mining  Market By Region, From 2021-2026 ( USD Billion )
  25. Global Construction  Market By Region, From 2021-2026 ( USD Billion )
  26. Global Marine  Market By Region, From 2021-2026 ( USD Billion )
  27. Global Shipping & Material Handling  Market By Region, From 2021-2026 ( USD Billion )
  28. Global Energy & Power  Market By Region, From 2021-2026 ( USD Billion )
  29. Global Others  Market By Region, From 2021-2026 ( USD Billion )

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