"Industrial Lifting Equipment Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Industrial Lifting Equipment Market which was USD 74.03 Million in 2021 is expected to reach USD 107.72 Billion by 2029 and is expected to undergo a CAGR of 4.80% during the forecast period of 2021 to 2029

Industrial Lifting Equipment Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Industrial Lifting Equipment Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).

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

The study report on the Global Industrial Lifting Equipment Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Industrial Lifting Equipment Market report provides the information of the Top 10 Companies in Industrial Lifting Equipment Market in the market their business strategy, financial situation etc.

**Segments**

- By Product Type: The industrial lifting equipment market can be segmented into cranes, forklifts, hoists, conveyors, and lift tables. Cranes are anticipated to hold a significant market share due to their widespread use in various industries for lifting heavy loads efficiently. Forklifts are also expected to witness substantial growth owing to the increasing demand for material handling equipment in warehouses and logistics sectors.

- By End-Use Industry: The market can be segmented into construction, manufacturing, oil & gas, shipbuilding, mining, and others. The construction segment is projected to dominate the market as industrial lifting equipment plays a crucial role in lifting and moving heavy materials at construction sites. The manufacturing sector is also a key contributor to market growth due to the need for efficient material handling solutions.

- By Geography: The market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period due to rapid industrialization and infrastructural development in countries like China and India. North America and Europe are also significant markets for industrial lifting equipment, driven by technological advancements and the presence of key market players in the regions.

**Market Players**

- Konecranes
- Toyota Industries Corporation
- Columbus McKinnon
- Terex Corporation
- Liebherr Group
- Cargotec
- Manitowoc
- Ingersoll Rand
- Komatsu Ltd.
- XCMG Group

The global industrial lifting equipment market is witnessing considerable growth opportunities driven by the increasing demand for efficient material handling solutions across various industries. With the expansion of the construction, manufacturing, and logistics sectors, the need for advanced lifting equipment is on the rise. Market players such as Konecranes, Toyota Industries Corporation, and Terex Corporation are focusing on product innovations and strategic partnerships to strengthen their market position. The Asia Pacific region, particularly China and India, is expected to offer lucrativeThe global industrial lifting equipment market is highly competitive, with a presence of key players such as Konecranes, Toyota Industries Corporation, Columbus McKinnon, Terex Corporation, Liebherr Group, Cargotec, Manitowoc, Ingersoll Rand, Komatsu Ltd., and XCMG Group. These companies are actively involved in research and development activities to introduce technologically advanced products to cater to the increasing demand for efficient material handling solutions. Strategic collaborations, mergers, and acquisitions are common strategies adopted by market players to expand their product portfolio and geographical presence.

The construction segment holds a significant share in the industrial lifting equipment market, driven by the rising construction activities globally. Urbanization and infrastructural development projects are fueling the demand for cranes, forklifts, and hoists in the construction sector. Moreover, the manufacturing industry is a key end-user of industrial lifting equipment, as it requires specialized lifting solutions for efficient material handling within factories and warehouses. The adoption of automated lifting equipment is also on the rise to enhance productivity and ensure worker safety in manufacturing facilities.

In terms of geographical analysis, the Asia Pacific region is expected to witness substantial growth in the industrial lifting equipment market. Countries like China and India are experiencing rapid industrialization, leading to an increased demand for advanced material handling solutions. The expansion of the manufacturing sector and the growing focus on infrastructure development are driving the market in the Asia Pacific region. North America and Europe are mature markets for industrial lifting equipment, characterized by stringent workplace safety regulations and the adoption of technologically advanced lifting solutions.

Key market trends in the industrial lifting equipment market include the integration of Internet of Things (IoT) technology to enable predictive maintenance and remote monitoring of equipment performance. IoT-enabled lifting equipment allows automated data collection and analysis, leading to improved operational efficiency and reduced downtime. Customization of lifting equipment to suit specific industry requirements is also a prevalent trend in the market, with manufacturers offering tailored solutions for different end-use industries.

Overall, the**Market Players**

Anhui Heli Co., Ltd. (China), HAULOTTE GROUP (France), Ingersoll-Rand (US), SSAB (Sweden), Zoomlion Heavy Industry Science&Technology Co., Ltd. (China), Hyster-Yale Materials Handling, Inc. (US), PALFINGER AG (Austria), Cargotec Corporation (Finland), Columbus McKinnon Corporation (US), TOYOTA INDUSTRIES CORPORATION (Japan), KITO CORPORATION (Japan), XCMG Group (China), Linamar (Canada), Terex Corporation (US), Jungheinrich AG (Germany), Liebherr Group (Germany), Konecranes (Finland), Manitowoc (US), Tadano Ltd. (Japan), Crown Equipment Corporation (US), Mammoet (Netherlands), Komatsu Ltd. (Japan), and MITSUBISHI LOGISNEXT CO.,LTD (Japan).

The global industrial lifting equipment market is experiencing robust growth due to the increasing demand for efficient material handling solutions across various industries. Industries like construction, manufacturing, and logistics are driving the need for advanced lifting equipment. Market players are focusing on innovation and partnerships to strengthen their market presence. The Asia Pacific region, particularly China and India, is anticipated to offer lucrative opportunities for market growth due to rapid industrialization and infrastructural development in these countries. North America and Europe also play significant roles in the industrial lifting equipment market, driven by technological

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Regional Analysis For Industrial Lifting Equipment Market

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Why B2B Companies Worldwide Rely on us to Grow and Sustain Revenues:

• Get a clear understanding of the Industrial Lifting Equipment Market, how it operates, and the various stages of the value chain.
• Understand the current market situation and future growth potential of the Industrial Lifting Equipment Market throughout the forecast period.
• Strategize marketing, market-entry, market expansion, and other business plans by understanding factors influencing growth in the market and purchase decisions of buyers.
• Understand your competitors’ business structures, strategies, and prospects, and respond accordingly.
• Make more informed business decisions with the help of insightful primary and secondary research sources.

This report provides Global Industrial Lifting Equipment Market :

1. An in-depth overview of the global market for
2. Industrial Lifting Equipment Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
3. Discoveries of new market prospects and targeted marketing methodologies for Global Industrial Lifting Equipment Market
4. Discussion of R&D, and the demand for new products launches and applications.
5. Wide-ranging company profiles of leading participants in the industry.
6. The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
7. The growth in patient epidemiology and market revenue for the market globally and across the key players and Industrial Lifting Equipment Market segments.
8. Study the market in terms of generic and premium product revenue.
9. Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

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