Canada: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Canada

The Canadian mounting lifting equipment market expanded sharply to $X in 2021, rising by 8.3% 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 continues to indicate a mild slump. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Mounting Lifting Equipment Exports

Exports from Canada

In 2021, shipments abroad of lifting equipment designed for mounting on road vehicles increased by 26% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 84%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mounting lifting equipment exports soared to $X in 2021. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for mounting lifting equipment exports from Canada, with a 95% share of total exports. It was followed by Germany (X units), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +1.1%.

In value terms, the United States ($X) remains the key foreign market for lifting equipment designed for mounting on road vehicles exports from Canada, comprising 97% of total exports. The second position in the ranking was taken by Germany ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +8.3%.

Export Prices by Country

In 2021, the average mounting lifting equipment export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth was the most pronounced in 2018 an increase of 70%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.2%).

Mounting Lifting Equipment Imports

Imports into Canada

In 2021, purchases abroad of lifting equipment designed for mounting on road vehicles decreased by -7.6% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 93%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, mounting lifting equipment imports soared to $X in 2021. Over the period under review, imports recorded a perceptible shrinkage. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest mounting lifting equipment supplier to Canada, with a 47% share of total imports. Moreover, mounting lifting equipment imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Austria (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.8% per year) and Austria (+2.3% per year).

In value terms, Austria ($X), Italy ($X) and the United States ($X) were the largest mounting lifting equipment suppliers to Canada, with a combined 67% share of total imports. These countries were followed by Poland, Spain, Finland and Mexico, which together accounted for a further 27%.

Poland, with a CAGR of +16.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2021, surging by 38% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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