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

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

Lifting Equipment - Top Importers

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

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

Source: IndexBox Market Intelligence Platform