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Report World - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Lifting Equipment Market 2024

Lifting Equipment Market Size

The global lifting equipment market expanded significantly to $X in 2021, increasing by 8.2% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Lifting Equipment Production

In value terms, lifting equipment production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Lifting Equipment Exports

Exports

In 2021, the amount of lifting equipment exported worldwide soared to X units, increasing by 21% compared with 2020 figures. Over the period under review, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 99% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the global exports failed to regain momentum.

In value terms, lifting equipment exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by 36%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2021, China (X units), distantly followed by Germany (X units), the UK (X units), the Netherlands (X units) and Italy (X units) were the key exporters of lifting equipment, together creating 58% of total exports. The following exporters - Belgium (X units), Slovenia (X units), the United States (X units), Vietnam (X units), Austria (X units), Spain (X units), Japan (X units) and India (X units) - together made up 22% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +18.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest lifting equipment supplying countries worldwide were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 36% share of global exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average lifting equipment export price stood at $X per unit in 2021, reducing by -1.8% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 113%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the other global leaders experienced more modest paces of growth.

Lifting Equipment Imports

Imports

In 2021, supplies from abroad of lifting equipment decreased by -77.5% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 when imports increased by 180% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of global imports failed to regain momentum.

In value terms, lifting equipment imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. Over the period under review, global imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Aruba (X units) was the largest importer of lifting equipment, achieving 37% of total imports. Qatar (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Canada (6.6%), Australia (5.2%) and Belgium (4.9%). The following importers - the United States (X units), Russia (X units), Singapore (X units), Mexico (X units), Sweden (X units) and Argentina (X units) - together made up 16% of total imports.

Imports into Aruba decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Sweden (+29.1%), Argentina (+28.3%), Belgium (+21.7%), Singapore (+21.5%), Australia (+14.1%), Canada (+11.7%), Russia (+11.7%), Mexico (+9.1%), Qatar (+2.9%) and the United States (+1.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the world, with a CAGR of +29.1% from 2012-2021. While the share of Qatar (+5.6 p.p.), Canada (+4.6 p.p.), Belgium (+4.2 p.p.), Australia (+3.9 p.p.), Russia (+2.4 p.p.), Singapore (+2.4 p.p.) and Sweden (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Aruba (-32 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Sweden ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 20% share of global imports.

In terms of the main importing countries, Sweden, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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 520% against the previous year. Over the period under review, the import price showed a mild expansion. Global import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Aruba (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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%.
China constituted the country with the largest volume of lifting equipment production, 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.
In value terms, Germany remains the largest lifting equipment supplier worldwide, comprising 23% of global exports. The second position in the ranking was occupied by Slovenia, with an 8.3% share of global exports. It was followed by Austria, with a 6.8% share.
In value terms, the largest lifting equipment importing markets worldwide were Germany, Japan and the Netherlands, with a combined 12% share of global imports. These countries were followed by the Dominican Republic, France, Indonesia, Belgium, Sweden, Taiwan Chinese), Canada, Hungary, Cyprus and Ukraine, which together accounted for a further 20%.
The average lifting equipment export price stood at $4,515 per unit in 2020, declining by -12.3% against the previous year.
The average lifting equipment import price stood at $2,531 per unit in 2020, dropping by -15.4% against the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL 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. 9. GLOBAL 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. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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

  13. 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

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