U.S. - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in the United States - 2023
Contents:
- Lift and Hoist Price in the United States (CIF) - 2022
- Lift and Hoist Price in the United States (FOB) - 2023
- Lift and Hoist Imports in the United States
- Lift and Hoist Exports in the United States
Lift and Hoist Price in the United States (CIF) - 2022
The average lift and hoist import price stood at $1,750 per unit in 2022, picking up by 3.9% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2015 an increase of 46%. The import price peaked at $6,410 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($14,568 per unit), while the price for China ($826 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Lift and Hoist Price in the United States (FOB) - 2023
The average lift and hoist export price stood at $15,841 per unit in August 2023, rising by 8.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 30% month-to-month. Over the period under review, the average export prices reached the peak figure at $17,033 per unit in October 2022; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Canada ($16,096 per unit), while the average price for exports to Bahamas ($5,849 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.5%), while the prices for the other major destinations experienced a decline.
Lift and Hoist Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of lifts and hoists, which increased by 3% to 161K units in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 65%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, lift and hoist imports rose markedly to $281M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Lift and Hoist in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 112 | 110 | 112 | 128 | 4.6% |
| United Kingdom | 42.1 | 26.3 | 41.1 | 51.1 | 6.7% |
| China | 25.4 | 25.4 | 40.0 | 24.8 | -0.8% |
| Sweden | 2.6 | 11.6 | 20.2 | 18.6 | 92.7% |
| Others | 77.9 | 61.2 | 49.6 | 58.3 | -9.2% |
| Total | 260 | 235 | 263 | 281 | 2.6% |
Top Suppliers of Lift and Hoist to the United States in 2022:
- Canada (99.0K units)
- China (30.0K units)
- Sweden (15.1K units)
- United Kingdom (6.2K units)
Lift and Hoist Exports in the United States
In 2022, after two years of decline, there was growth in shipments abroad of lifts and hoists, when their volume increased by 2.5% to 15K units. Over the period under review, exports, however, showed a abrupt decrease. The exports peaked at 20K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lift and hoist exports expanded slightly to $231M in 2022. In general, exports, however, continue to indicate a noticeable downturn. Over the period under review, the exports hit record highs at $266M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Lift and Hoist in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 238 | 210 | 207 | 206 | -4.7% |
| Mexico | 5.4 | 3.8 | 4.1 | 10.1 | 23.2% |
| Hong Kong SAR | 0.2 | 0.1 | 0.2 | 5.3 | 198.1% |
| Others | 22.4 | 21.7 | 9.1 | 9.5 | -24.9% |
| Total | 266 | 235 | 220 | 231 | -4.6% |
Top Export Markets for Lift and Hoist from the United States in 2022:
- Canada (12.6K units)
- Mexico (0.7K units)
- Hong Kong SAR (0.3K units)
This report provides an in-depth analysis of the lift and hoist market in the U.S.. 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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