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.

A FREE sample of this report is available upon request @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-industrial-lifting-equipment-market

Segmentation: Global Industrial Lifting Equipment Market

• By Product (Forklift, Aerial Work Platforms, Cranes, Hoists)
• By End-Use Industry (Construction, Aerospace & Defense, Shipping & Material Handling, Mining, Automotive & Railway, Marine, Energy & Power, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis

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.

Market Drivers:

• Growth of the usage of warehousing & logistics industry has resulted in increased demand for lifting equipments; this factor is expected to drive the market growth
• Increase in the demand for the product from mining and construction industries due to the rise in levels of industrialization activities; this factor is expected to drive the market growth

Market Restraint:

• Requirement of large capital funds for the requirement of installation of these products; this factor is expected to restrain the market growth

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818