Global Industrial Lifting Equipment Market at a CAGR of 4.34% Growth, Trends
Posted by nileshdbmr on December 5th, 2019
Global Industrial Lifting Equipment Market is expected to rise from its initial estimated value of USD 64.25 billion in 2018 to a projected value of USD 90.25 billion by 2026, registering a CAGR of 4.34% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in demand from shipping industry which has been caused due to the growth in usage of e-commerce market.
Industrial lifting equipment can be defined as those semiconductor devices and equipments that find their usage in various heavy-duty industries for lifting other machineries and products created by these industries. These devices are used to reduce the workload and human errors in lifting and transportation of products and other machineries from a specific location to other.
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Segmentation: Global Industrial Lifting Equipment Market
Global industrial lifting equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial lifting equipment market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players
Few of the major competitors currently present in the industrial lifting equipment market are Anhui Heli Co., Ltd.; HAULOTTE GROUP; Ingersoll-Rand plc; 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 Group; Konecranes; Manitowoc; Tadano Ltd.; Crown Equipment Corporation; Mammoet; Komatsu Ltd.; Zhenhua and MITSUBISHI LOGISNEXT CO.,LTD.
Key Insights in the report:
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About the Authornileshdbmr
Joined: September 27th, 2019
Articles Posted: 235
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