Eastern Asia: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Eastern Asia

The East Asian mounting lifting equipment market rose modestly to $X in 2021, growing by 2% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Mounting Lifting Equipment Production in Eastern Asia

In value terms, mounting lifting equipment production amounted to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Mounting Lifting Equipment Exports

Exports in Eastern Asia

In 2021, overseas shipments of lifting equipment designed for mounting on road vehicles increased by 19% to X units, rising for the fifth year in a row after three years of decline. Overall, exports, however, continue to indicate a noticeable slump. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, mounting lifting equipment exports surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea was the major exporting country with an export of about X units, which reached 51% of total exports. China (X units) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Japan (23%).

From 2012 to 2021, average annual rates of growth with regard to mounting lifting equipment exports from South Korea stood at -3.1%. At the same time, China (+20.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.2% from 2012-2021. By contrast, Japan (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest mounting lifting equipment supplier in Eastern Asia, comprising 52% of total exports. The second position in the ranking was held by Japan ($X), with a 25% share of total exports.

In South Korea, mounting lifting equipment exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-6.8% per year) and China (+25.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, rising by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2015 when the export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the other leaders experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports in Eastern Asia

After two years of decline, purchases abroad of lifting equipment designed for mounting on road vehicles increased by 60% to X units in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, mounting lifting equipment imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units), Taiwan (Chinese) (X units), China (X units), Hong Kong SAR (X units) and South Korea (X units) represented the major importer of lifting equipment designed for mounting on road vehicles in Eastern Asia, generating 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +9.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest mounting lifting equipment importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X), with a combined 77% share of total imports.

Taiwan (Chinese), with a CAGR of +10.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, falling by -12.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The level of import peaked at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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