Global Industrial Lifting Equipment
Market Report
2025
The global industrial lifting equipment market will be USD 79.98 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 4.26% from 2024 to 2031. This growth is driven by rising requirements for effective material handling within the manufacturing and construction industries.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global industrial lifting equipment market size will be USD 79.98 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.26% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Operations |
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Market Split by Class |
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Market Split by Application |
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Market Split by Type |
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Market Split by Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Industrial Lifting Equipment industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Industrial Lifting Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Industrial lifting equipment encompasses a wide range of machinery designed to lift and move heavy loads within industrial settings. This includes cranes, hoists, forklifts, and aerial work platforms, among others, crucial for tasks ranging from construction and manufacturing to logistics and warehousing. The market for industrial lifting equipment is experiencing robust growth driven by increasing urbanization, infrastructure development, and expanding industrial activities globally. Technological advancements, such as automation and IoT integration, are enhancing equipment efficiency, safety, and operational capabilities. Moreover, stringent safety regulations and the emphasis on workplace safety are compelling industries to invest in advanced lifting solutions. Emerging markets in Asia-Pacific and Latin America are witnessing significant demand due to rapid industrialization and infrastructure projects. The market's evolution towards smarter, more versatile lifting solutions underscores its pivotal role in modern industrial operations, facilitating safer and more efficient handling of materials and goods across diverse sectors.
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In March 2024, Konecranes introduced its flagship Konecranes X-series industrial crane, succeeding its popular CXT model with a new compact design and advanced technology. Equipped with wireless upgrade capabilities, the crane adapts to customer needs efficiently, boasting a state-of-the-art electrical architecture and connectivity for future-proof operation and maximum investment value. (Source: https://www.konecranes.com/press/releases/2024/konecranes-launches-smart-connected-crane-setting-new-standard-in-industrial-cranes)
Top Companies Market Share in Industrial Lifting Equipment Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the industrial lifting equipment market due to extensive infrastructure projects, stringent safety regulations, and high adoption of advanced technologies. The region's robust manufacturing and construction sectors further drive demand for efficient lifting solutions.
Asia Pacific stands out as the fastest-growing region in the industrial lifting equipment market, driven by burgeoning industrialization, infrastructure development, and increasing investments in the construction and manufacturing sectors. Rising urbanization and economic growth in the region further fuel the demand for advanced lifting solutions to support expanding industrial activities.
The current report Scope analyzes Industrial Lifting Equipment 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
The above graph is for illustrative purposes only.
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Global Industrial Lifting Equipment Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Lifting Equipment Industry growth. Industrial Lifting Equipment market has been segmented with the help of its Operations, Class Application, and others. Industrial Lifting Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, Industrial Lifting Equipment market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Operations segmentation analysis of the Industrial Lifting Equipment. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Operations segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Operations of Industrial Lifting Equipment analyzed in this report are as follows:
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 Industrial Lifting Equipment Industry. Request a Free Sample PDF!
This report provides a comprehensive forecast of revenue growth for the Industrial Lifting Equipment industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Class segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Class segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Class of Industrial Lifting Equipment are:
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According to cognitive market research, the construction segment holds a significant share of the industrial lifting equipment market due to the extensive use of cranes, hoists, and aerial work platforms for lifting heavy materials and facilitating construction activities. Increasing infrastructure projects worldwide, coupled with urbanization and the need for efficient material handling, drive demand in this segment. Additionally, advancements in lifting technologies tailored for construction applications, such as high-capacity cranes and specialized lifting attachments, further contribute to the dominance of this sector in the global industrial lifting equipment market.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Lifting Equipment Market is witnessing significant growth in the near future.
In 2023, the Diesel segment accounted for noticeable share of global Industrial Lifting Equipment Market and is projected to experience significant growth in the near future.
The Class 1 segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Toyota Industries (Japan) , Hyster-Yale Material Handling (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Operations | Diesel, Electric, Gasoline & LPG/CNG |
Class | Class 1, Class 2, Class 3, Class 4 & 5 |
Application | Manufacturing, Wholesale & Retail Distribution, Freight & Logistics, Others (Construction and Waste Handling) |
Type | Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Others |
Industry | Aerospace & Defense, Automotive & Railway, Mining, Construction, Marine, Shipping & Material Handling, Energy & Power, Others |
List of Competitors | Toyota Industries (Japan), KION Group (Germany), Hyster-Yale Material Handling (US), Oshkosh (US), Linamar (Canada), Konecranes (Finland), Cargotec (Finland), Terex (US), Tadano (Japan), Liebherr (Switzerland), Manitowoc (US), Ingersoll Rand (Ireland), Mammoet (Netherlands), ZPMC (China), KITO (Japan), XCMG (China), Zoomlion (China), Columbus McKinnon (US) |
This chapter will help you gain GLOBAL Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review Global Industrial Lifting Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review North America Industrial Lifting Equipment Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review Europe Industrial Lifting Equipment Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review Asia Pacific Industrial Lifting Equipment Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review South America Industrial Lifting Equipment Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review Middle East Industrial Lifting Equipment Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Lifting Equipment. Further deep in this chapter, you will be able to review Middle East Industrial Lifting Equipment Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Industrial Lifting Equipment. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Operations Analysis 2019 -2031, will provide market size split by Operations. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Operations Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Class Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
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Chapter 13 Market Split by Type Analysis 2021 - 2033
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Chapter 14 Market Split by Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Lifting Equipment market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Diesel have a significant impact on Industrial Lifting Equipment market? |
What are the key factors affecting the Diesel and Electric of Industrial Lifting Equipment Market? |
What is the CAGR/Growth Rate of Class 1 during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Lifting Equipment Market? |
Which region is expected to dominate the global Industrial Lifting Equipment Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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