Report Update Nov 1, 2024

Northern America - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Lifting Equipment Market 2024

Lifting Equipment Market Size in Northern America

In 2021, the North American lifting equipment market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Lifting Equipment Production in Northern America

In value terms, lifting equipment production soared to $X in 2021 estimated in export price. In general, production, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 236%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Lifting Equipment Exports

Exports in Northern America

In 2021, shipments abroad of lifting equipment was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 54%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports surged to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, accounting for X units, which was near 91% of total exports in 2021. It was distantly followed by Canada (X units), creating an 8.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lifting equipment exports from the United States stood at -13.0%. Canada (-1.8%) illustrated a downward trend over the same period. Canada (+5.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -5.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest lifting equipment supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -12.7%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, with an increase of 14% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 22%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Lifting Equipment Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of lifting equipment, when their volume increased by 70% to X units. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 when imports increased by 235%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, lifting equipment imports rose significantly to $X in 2021. Over the period under review, imports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2018 when imports increased by 61% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Canada was the main importing country with an import of about X units, which recorded 65% of total imports. It was distantly followed by the United States (X units), constituting a 35% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of +11.7%).

In value terms, the United States ($X) constitutes the largest market for imported lifting equipment in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +3.4%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, declining by -35.9% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 164% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in Northern America?

The United States constituted the country with the largest volume of lifting equipment consumption, comprising approx. 85% of total volume. Moreover, lifting equipment consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, sixfold.

What are the largest producers of lifting equipment in Northern America?

The United States constituted the country with the largest volume of lifting equipment production, accounting for 92% of total volume. Moreover, lifting equipment production in the United States exceeded the figures recorded by the second-largest producer, Canada, more than tenfold.

What are the leading suppliers of lifting equipment in Northern America?

In value terms, the United States remains the largest lifting equipment supplier in Northern America, comprising 92% of total exports. The second position in the ranking was occupied by Canada, with an 8.2% share of total exports.

What are the leading importers of lifting equipment in Northern America?

In value terms, the United States constitutes the largest market for imported lifting equipment in Northern America, comprising 81% of total imports. The second position in the ranking was occupied by Canada, with an 18% share of total imports.

What is the average export price for lifting equipment in Northern America?

In 2020, the lifting equipment export price in Northern America amounted to $5,272 per unit, dropping by -63.1% against the previous year.

What is the average import price for lifting equipment in Northern America?

The lifting equipment import price in Northern America stood at $2,302 per unit in 2020, growing by 9.4% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Northern America. 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:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023