Construction Lifts Market Report 2025 (Global Edition)

Global Construction Lifts Market Report 2025 Market Size Split by Capacity (Less than 6000 lbs, More than 6000 lbs), by Sales Channel (OEM, Aftermarket), by Building type (Low Rise, Mid & High Rise), ...

Construction Lifts Market Report Description

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Construction Lifts Market Insights Video

Competitive Landscape of the Construction Lifts Market

The construction lifts market features intense competition among key players like Manitowoc, Terex, and JLG Industries. Companies compete on technology, safety features, and service quality. Market leaders focus on innovation, efficiency, and customer support to gain a competitive edge and meet growing demand in the construction sector.

July 2022: Pentair Finalizes Acquisition of Manitowoc Ice. Pentair has completed the acquisition of Manitowoc Ice, a leading provider of commercial ice machines, to strengthen its position in the foodservice equipment industry. This strategic move is expected to enhance Pentair's product offerings and expand its customer base. (Source: https://investors.pentair.com/investor-relations/news-releases/news-release-details/2022/Pentair-Completes-Transaction-to-Acquire-Manitowoc-Ice/default.aspx ) July 2024: Liebherr's acquisition of land in the USA for a new logistics hub signals its commitment to expanding its presence in the North American market. This strategic move is expected to enhance the company's operational efficiency and support its growing demand for construction lifts and other heavy equipment in the region. (Source:https://www.liebherr.com/en/ind/latest-news/news-press-releases/detail/news_364480.html) July 2024: Konecranes' acquisition of Dungs Kran- und Anlagentechnik GmbH’s service business enhances its capabilities in providing comprehensive lift solutions across Germany. This strategic move strengthens Konecranes' market position in Europe, enabling the company to offer more localized and efficient services to its customers in the construction industry. (Source: https://www.konecranes.com/press-releases/konecranes-expands-its-german-service-network-by-acquiring-the-service-business-of-dungs-kran-und-anlagentechnik)

Top Companies Market Share in Construction Lifts Industry: (In no particular order of Rank)

• Manitowoc Company
• Inc.
• Terex Corporation
• JLG Industries
• Inc.
• Haulotte Group
• Liebherr Group
• Skyjack Inc.
• Konecranes
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Construction Lifts Market

Which Region Dominates the Construction Lifts Market in 2024?

According to Cognitive Market Research, North America is the largest region in the construction lifts market, driven by extensive construction activities and high demand for advanced lifting equipment. The region's mature infrastructure and significant investments in commercial and residential projects fuel the need for reliable and efficient construction lifts. The presence of major market players and technological advancements further solidify its leading position.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is the fastest-growing market for construction lifts, driven by rapid urbanization and infrastructure development across countries like China and India. Expanding construction projects, including high-rise buildings and large-scale commercial developments, contribute to the surge in demand. The region's growth is supported by increasing investments in infrastructure and rising construction activities.

The current report Scope analyzes Construction Lifts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Construction Lifts Market Analysis

According to Cognitive Market Research, the global Construction Lifts Market size was estimated at USD 2154.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Construction Lifts Market with a market size of USD 679.87 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The nation's new infrastructure projects,
• The Canada Construction Lifts Market had a market share of USD 103.40 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's advanced construction lifts.
• The Mexico Construction Lifts Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 78.41 million in 2024.

Europe Construction Lifts Market Analysis

According to Cognitive Market Research, the global Construction Lifts Market size was estimated at USD 2154.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 646.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Construction Lifts Market had a market share of USD 108.57 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the U.K., Construction Lifts sales witness an upswing due to the nation's preference for cutting-edge construction technology.
• The France Construction Lifts Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 59.46 million in 2024.
• According to Cognitive Market Research, the German Construction Lifts Market size was valued at USD 127.96 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Construction Lifts surged due to the High-quality standards and advanced infrastructure projects.
• The Italy Construction Lifts Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 55.58 million in 2024.
• The Russia Construction Lifts Market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 100.17 million in 2024.
• The Spain Construction Lifts Market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 52.99 million in 2024
• The Luxembourg Construction Lifts Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 20.03 million in 2024.
• The Portugal Construction Lifts Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 13.57 million in 2024.
• The Greece Construction Lifts Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 7.76 million in 2024.
• Rest of Europe's Construction Lifts Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 100.17 million in 2024.

Asia Pacific Construction Lifts Market Analysis

According to Cognitive Market Research, the global Construction Lifts Market size was estimated at USD 2154.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Construction Lifts Market size was valued at USD 222.96 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Construction Lifts surged in China due to the Massive infrastructure projects.
• The Japan Construction Lifts Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 68.37 million in 2024.
• The India Construction Lifts Market had a market share of USD 59.46 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's Rapid urbanization and infrastructure expansion.
• The South Korean Construction Lifts Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 49.55 million in 2024.
• The Australian Construction Lifts Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 25.76 million in 2024.
• The South East Asia Construction Lifts Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 34.19 million in 2024.
• The Rest of Asia Pacific Construction Lifts Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 35.18 million in 2024.

South America Construction Lifts Market Analysis

According to Cognitive Market Research, the global Construction Lifts Market size was estimated at USD 2154.2 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Construction Lifts Market size was valued at USD 46.10 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Construction Liftss flourished in Brazil due to the Economic growth drives.
• Argentina's Construction Lifts Market had a market share of USD 18.10 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's Urbanization and infrastructure augment the demand.
• Colombia Construction Lifts Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 9.59 million in 2024.
• Peru Construction Lifts Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 8.83 million in 2024.
• Chile Construction Lifts Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 7.76 million in 2024.
• The Rest of Latin America's Construction Lifts Market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 17.34 million in 2024.

Middle East Construction Lifts Market Analysis

According to Cognitive Market Research, the global Construction Lifts Market size was estimated at USD 2154.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries Construction Lifts Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 18.44 million in 2024. Construction Lifts sales flourish due to the Extensive construction projects.
• The Egypt Construction Lifts Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 4.52 million in 2024.
• The South Africa Construction Lifts Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 6.81 million in 2024. Construction Lifts sales flourish in South Africa due to Urban development and infrastructure.
• The Turkey Construction Lifts Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 3.71 million in 2024.
• The Nigeria Construction Lifts Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 4.52 million in 2024.
• The Rest of MEA Construction Lifts Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 5.08 million in 2024.

Construction Lifts Market Analysis

How are Segments Performing in the Global Construction Lifts Market?

Construction Lifts Market Capacity Segment Analysis

According to Cognitive Market Research, the "More than 6000 lbs" segment is the largest in the construction lift market, driven by the demand for heavy-duty lifts required for large-scale construction projects and high-rise buildings. These lifts handle substantial loads, providing crucial support for complex and extensive construction activities, making them essential for major infrastructure developments and commercial projects.

The "Less than 6000 lbs" segment is the fastest-growing in the construction lift market due to increased demand for compact and versatile lifts suited for residential and smaller commercial projects. Their affordability and ease of use make them popular for various applications, driving rapid growth in this segment as construction activities diversify and expand.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Lifts Industry. Request a Free Sample PDF!

Construction Lifts Market Sales Channel Segment Analysis

According to Cognitive Market Research, the OEM (Original Equipment Manufacturer) segment is the largest in the construction lift market, driven by the need for new, high-quality lifting equipment in large-scale and ongoing construction projects. OEMs provide cutting-edge technology, advanced safety features, and reliable performance, making them essential for meeting the high demands of modern construction sites and infrastructure developments.

The aftermarket segment is the fastest-growing in the construction lift market, driven by increased demand for maintenance, repairs, and upgrades of existing equipment. As construction fleets age and the focus shifts towards extending the lifespan of equipment, aftermarket services such as parts, retrofits, and refurbishments are experiencing rapid growth, reflecting a rising emphasis on equipment longevity and operational efficiency.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Construction Lifts Building type Segment Analysis

Construction Lifts Market Building Type Segment Analysis

According to Cognitive Market Research, The "Mid & High Rise" segment is the largest in the construction lift market, driven by the substantial demand for vertical transportation solutions in tall and complex buildings. High-rise projects require robust, high-capacity lifts to efficiently move materials and personnel between multiple floors efficiently, making this segment pivotal for large-scale urban and commercial developments.

The "Low Rise" segment is the fastest-growing in the construction lift market, fueled by increased residential and small-scale commercial construction projects. These projects require versatile and cost-effective lifting solutions for buildings with fewer floors. The rise in suburban and smaller-scale urban construction drives the growing demand for low-rise lifts, reflecting expanding opportunities in this segment.

• Low Rise
• Mid & High Rise

Construction Lifts End-User Segment Analysis

Construction Lifts Market End-User Segment Analysis

According to Cognitive Market Research, the "Non-Residential Sector" is the largest segment in the construction lift market, driven by extensive construction activities for commercial, industrial, and infrastructure projects. High-rise office buildings, shopping centers, and large-scale infrastructure developments demand robust lifting equipment for efficient vertical transportation, making this sector the predominant driver of market volume and revenue.

The "Residential Sector" is the fastest-growing segment in the construction lift market, fueled by a surge in housing construction and residential development projects. As urbanization accelerates and demand for new housing rises, there is an increasing need for efficient and versatile lifting solutions for mid-rise and low-rise residential buildings, driving rapid growth in this sector.

• Residential Sector
• Non-residential Sector

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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