Lifting Equipment Market Overview: Growth, Share, Value, Size, and Analysis

Lifting Equipment Market Overview: Growth, Share, Value, Size, and Analysis

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Lifting Equipment Market Size And Forecast by 2031

Data Bridge Market Research analyses that the global lifting equipment market  which was USD 74.03 billion in 2023, expected to reach up to USD 107.72 billion by 2031, and is expected to undergo a CAGR of 4.80% during the forecast period. . Lifting Equipment Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of  Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Lifting Equipment Market Segmentation Analysis

Lifting Equipment Market, By Type (Lifts, Pallet Trucks, Forklifts, Hoists, Stackers, Robotic Arms), By Mechanism (Electrical, Magnetic, Hydraulic, Pneumatic, Scissor Lifts), By Application (Construction, Shipping Dockyards and Warehouses, Manufacturing Industry, Process Industry) - Industry Trends and Forecast to 2031.


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 Which are the top companies operating in the Lifting Equipment Market?

The “Global Lifting Equipment Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Lifting Equipment Market extension. This Lifting Equipment Market report provides the information of the Top 10 Companies in Lifting Equipment Market in the market their business strategy, financial situation etc.

**Segments**

- **Product Type**
The lifting equipment market can be segmented based on product type into hoists, cranes, forklifts, aerial work platforms, and others. Hoists are expected to witness significant growth due to their usage in various industries for material handling applications. Cranes, including tower cranes, mobile cranes, and overhead cranes, are essential for construction and manufacturing activities, thereby driving market growth.

- **Lifting Capacity**
On the basis of lifting capacity, the market can be segmented into light, medium, and heavy lifting equipment. The demand for medium and heavy lifting equipment is anticipated to increase during the forecast period, especially in industries such as construction, mining, and oil & gas, where the need for handling heavier loads is prominent.

- **End-User Industry**
The lifting equipment market is segmented by end-user industry into construction, mining, oil & gas, marine, manufacturing, and others. The construction industry holds a significant share in the market, driven by infrastructure development projects worldwide. The mining and oil & gas sectors also contribute substantially to the demand for lifting equipment due to their material handling requirements.

- **Region**
Based on region, the global lifting equipment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to dominate the market during the forecast period, attributed to rapid industrialization, urbanization, and infrastructure developments in countries like China and India.

**Market Players**

- Konecranes
- Terex Corporation
- Cargotec
- Liebherr Group
- Manitowoc
- Columbus McKinnon
- Haulotte
- Ingersoll-Rand
- XCMG
- Tadano Ltd.

These market players are actively involved in product innovation, strategic partnerships, and mergers & acquisitions to enhance their market presence and gain a competitive edge in the global lifting equipment market.

For more detailed insights and information, referThe lifting equipment market is a dynamic and growing industry that is highly influenced by various segments. One of the key segments in this market is the product type, which includes hoists, cranes, forklifts, aerial work platforms, and others. Hoists are witnessing significant growth due to their versatility and wide application in various industries for material handling. Cranes, on the other hand, are essential for construction and manufacturing activities, driving market growth further. The lifting capacity segment categorizes equipment into light, medium, and heavy lifting categories. The demand for medium and heavy lifting equipment is expected to rise, especially in industries like construction, mining, and oil & gas, where the need for handling heavier loads is prevalent.

Another crucial segment is the end-user industry, which includes construction, mining, oil & gas, marine, manufacturing, and others. The construction industry holds a significant market share due to global infrastructure development projects. The mining and oil & gas sectors also contribute significantly to the demand for lifting equipment due to their specific material handling requirements. Geographically, the market can be segmented into regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period, driven by rapid industrialization, urbanization, and infrastructure developments in countries like China and India.

Market players play a vital role in shaping the lifting equipment market landscape. Companies like Konecranes, Terex Corporation, Cargotec, Liebherr Group, Manitowoc, Columbus McKinnon, Haulotte, Ingersoll-Rand, XCMG, and Tadano Ltd. are actively involved in product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market presence and gain a competitive edge. These companies focus on developing advanced technologies, expanding their product portfolios, and catering to the diverse needs of end-user industries.

In conclusion, the lifting equipment market is poised for substantial growth across various segments such as**Market Players:**
- Anhui Heli Co., Ltd.
- HAULOTTE GROUP
- Ingersoll Rand
- SSAB
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Hyster-Yale Materials Handling, Inc.
- PALFINGER AG
- Cargotec Corporation
- Columbus McKinnon Corporation
- TOYOTA INDUSTRIES CORPORATION
- KITO CORPORATION
- XCMG Group
- Linamar
- Terex Corporation
- Jungheinrich AG
- Liebherr
- Konecranes
- The Manitowoc Company, Inc.
- Tadano Ltd.
- Crown Equipment Corporation
- Mammoet
- Komatsu Ltd.
- MITSUBISHI LOGISNEXT CO., LTD

The lifting equipment market is a dynamic landscape influenced by various segments such as product type, lifting capacity, end-user industry, and region. Hoists and cranes are pivotal in driving market growth, catering to material handling needs in industries like construction and manufacturing. The lifting capacity segment categorizes equipment based on load-bearing capabilities, with a rising demand for medium and heavy lifting equipment in sectors such as construction, mining, and oil & gas. End-user industries like construction, mining, oil & gas play a crucial role in the market, with construction leading due to ongoing infrastructure projects worldwide. Geographically, Asia Pacific is set to dominate the market, fueled by rapid industrialization and infrastructure developments in

Explore Further Details about This Research Lifting Equipment Market Report https://www.databridgemarketresearch.com/reports/global-lifting-equipment-market

Overview of the Lifting Equipment Market Research Report

The Lifting Equipment Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.

Objectives of the Report

Conduct a comprehensive investigation to forecast the value and volume of the Lifting Equipment Market.

Analyze and project market shares for major segments within the Lifting Equipment Market.

Depict the evolving landscape of the Lifting Equipment Market across global regions.

Examine and assess micro markets, their contributions, and growth potential within the Lifting Equipment Market.

Provide accurate insights into the factors driving the growth of the Lifting Equipment Market.

Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.

Market Overview

The study concentrates on the present state of the Lifting Equipment Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.

Table of Contents: 
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...

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