Report Update Nov 1, 2024

Australia - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Lifting Equipment Market 2024

Lifting Equipment Market Size in Australia

The Australian lifting equipment market contracted dramatically to $X in 2021, declining by -16.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a strong increase. Lifting equipment consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Lifting Equipment Exports

Exports from Australia

In 2021, after two years of decline, there was significant growth in shipments abroad of lifting equipment, when their volume increased by 87% to X units. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 277% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports reduced notably to $X in 2021. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 548%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for lifting equipment exports from Australia, with a 93% share of total exports. Moreover, lifting equipment exports to New Zealand exceeded the volume sent to the second major destination, Indonesia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at +39.1%.

In value terms, New Zealand ($X) emerged as the key foreign market for lifting equipment exports from Australia, comprising 66% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+6.9% per year) and Malaysia (-7.3% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, declining by -66.1% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 106%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+38.2%), while the prices for the other major destinations experienced mixed trend patterns.

Lifting Equipment Imports

Imports into Australia

In 2021, the amount of lifting equipment imported into Australia dropped rapidly to X units, waning by -23.9% compared with the previous year's figure. In general, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 with an increase of 222%. Over the period under review, imports attained the peak figure at X units in 2020, and then reduced markedly in the following year.

In value terms, lifting equipment imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 99% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of lifting equipment imports to Australia, with a combined 80% share of total imports. Italy, France, Norway, Sweden, New Zealand, the UK and Denmark lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +91.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Norway ($X) were the largest lifting equipment suppliers to Australia, together comprising 58% of total imports.

Among the main suppliers, Norway, with a CAGR of +67.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lifting equipment import price stood at $X per unit in 2021, with an increase of 33% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of lifting equipment consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. Italy, Japan, Germany, Brazil, Russia, Pakistan, Bangladesh, Indonesia, France and Ethiopia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of lifting equipment in the world?

The country with the largest volume of lifting equipment production was China, accounting for 21% of total volume. Moreover, lifting equipment production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of lifting equipment to Australia?

In value terms, Germany constituted the largest supplier of lifting equipment to Australia, comprising 52% of total imports. The second position in the ranking was occupied by China, with an 18% share of total imports. It was followed by the United States, with a 13% share.

What are the leading importers of lifting equipment from Australia?

In value terms, Papua New Guinea remains the key foreign market for lifting equipment exports from Australia, comprising 56% of total exports. The second position in the ranking was occupied by Russia, with a 15% share of total exports. It was followed by the UK, with a 14% share.

What is the average export price for lifting equipment in Australia?

The average lifting equipment export price stood at $5,165 per unit in 2020, remaining relatively unchanged against the previous year.

What is the average import price for lifting equipment in Australia?

The average lifting equipment import price stood at $2,506 per unit in 2020, shrinking by -47.8% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023