Heavy lifting and Haulage Market Insights Video

According to Cognitive Market Research, the global Heavy Lifting And Haulage market size was USD 264152.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 105660.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 79245.66 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 60755.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 13207.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5283.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
• The Mobile/Crawler/Lorry Cranes Type is the fastest growing segment of the Heavy Lifting And Haulage industry