Lifting Equipment Market

Lifting equipment market: discover newly released info powered by an Ai-driven market research tool. Facts and figures contain market size, trade, companies, imports, consumption, market prices, production, and exports. There is a breakdown by region, including Russia, the U.S., the Middle East, Africa, Latin America, EU, the U.K., and China. Market insights and forecast to 2030 are also provided in the snapshots.


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Lifting Equipment - World's Largest Markets

RatingCountry
1Germany
2China
3United States
4India
5Japan

In value terms, the largest lifting equipment markets worldwide were Germany, China and the United States, with a combined 37% share of the global market. India, Japan, Brazil, Italy, France, Indonesia, Russia, Pakistan, Ethiopia and Turkey lagged somewhat behind, together accounting for a further 34%.

Italy recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while lifting equipment market for the other global leaders experienced more modest paces of growth.

Lifting Equipment Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Romania558383182-42.8%
Poland9931107033305-42.3%
India10486104555782-25.7%
United Kingdom11064116109166-9.0%
China12475115259206-14.1%
Slovenia140891381712691-5.1%
Germany196851744813313-17.8%
United States1167214798135097.6%
Japan160241869013679-7.6%
Belgium1391018793146032.5%
South Korea1414412537154344.5%
Netherlands14600253771857412.8%
Italy8718130241911348.1%
Average135821312512524-4.0%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($19,113 per unit), while Romania ($182 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Japan277022577123208-8.5%
Italy1030711666112824.6%
Poland10796782110222-2.7%
Norway7634759687056.8%
Canada1334478427771-23.7%
United Kingdom6356730470815.5%
Netherlands1347674736372-31.2%
India8004102576183-12.1%
United States90451515969157.0%
New Zealand455217141741-38.2%
Ukraine1587196816100.7%
Kazakhstan525250101351-49.3%
Mauritania694232602-6.9%
Average433189931059556.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($23,208 per unit), while Mauritania ($602 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+157.0% per year), while the other global leaders experienced more modest paces of growth.

Lifting Equipment - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States944337-37.2%
Japan11282447.8%
Netherlands281723-9.1%
Norway262022-6.8%
India10121414.9%

In value terms, the largest lifting equipment importing markets worldwide were the United States ($37M), Japan ($24M) and the Netherlands ($23M), together accounting for 15% of global imports. These countries were followed by Norway, India, the UK, Poland, Italy, Canada, Ukraine, New Zealand, Kazakhstan and Mauritania, which together accounted for a further 16%.

Ukraine (+239.0% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Lifting Equipment - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Germany11011313510.9%
Slovenia33414923.1%
Italy704437-27.9%
China624036-23.4%
Netherlands14192432.7%

In value terms, Germany ($135M) remains the largest lifting equipment supplier worldwide, comprising 23% of global exports. The second position in the ranking was occupied by Slovenia ($49M), with a 8.3% share of global exports. It was followed by Italy, with a 6.2% share.

In Germany, lifting equipment exports expanded at an average annual rate of +10.9% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Slovenia (+23.1% per year) and Italy (-27.9% per year).

Lifting Equipment - Market Forecast

Driven by rising demand for lifting equipment worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Lifting Equipment - Product Coverage

  • HS 842699 - Cranes and derricks; for other than mounting on road vehicles, n.e.s in heading no. 8426
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World - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

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

South-Eastern Asia - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in South-Eastern Asia.

Latin America and the Caribbean - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in Latin America and the Caribbean.

Australia and Oceania - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in Australia and Oceania.

Eastern Asia - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in Eastern Asia.

Middle East - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in the Middle East.

Southern Asia - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in Southern Asia.

Central Asia - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in Central Asia.

Africa - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Northern America - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lifting equipment market in Northern America.

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