Malaysia: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Malaysia

The Malaysian mounting lifting equipment market contracted remarkably to $X in 2021, waning by -23% 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). In general, consumption showed a noticeable reduction. Mounting lifting equipment consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Mounting Lifting Equipment Exports

Exports from Malaysia

In 2021, overseas shipments of lifting equipment designed for mounting on road vehicles decreased by -76.4% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 440%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, mounting lifting equipment exports fell markedly to $X in 2021. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 488% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), Russia (X units) and Indonesia (X units) were the main destinations of mounting lifting equipment exports from Malaysia, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounting lifting equipment exported from Malaysia were Russia ($X), Indonesia ($X) and France ($X), together comprising 98% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, which is down by -26.1% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of 59%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to France ($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 Hong Kong SAR (+87.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Malaysia

In 2021, purchases abroad of lifting equipment designed for mounting on road vehicles decreased by -43.1% to X units, falling for the second year in a row after two years of growth. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, mounting lifting equipment imports shrank remarkably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), South Korea (X units) and Austria (X units) were the main suppliers of mounting lifting equipment imports to Malaysia, with a combined 69% share of total imports. Brazil, Sweden, China and Japan lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +66.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Sweden ($X) and Austria ($X) constituted the largest mounting lifting equipment suppliers to Malaysia, with a combined 73% share of total imports. These countries were followed by China, Brazil, South Korea and Japan, which together accounted for a further 27%.

Among the main suppliers, Brazil, with a CAGR of +44.0%, recorded 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 mounting lifting equipment import price stood at $X per unit in 2021, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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