U.S.: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in the U.S.

The U.S. mounting lifting equipment market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed a prominent expansion. Mounting lifting equipment consumption peaked in 2022 and is expected to retain growth in the near future.

Mounting Lifting Equipment Production in the U.S.

In value terms, mounting lifting equipment production amounted to $X in 2022. Overall, production saw a resilient expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Mounting Lifting Equipment Exports

Exports from the U.S.

In 2022, after three years of decline, there was significant growth in shipments abroad of lifting equipment designed for mounting on road vehicles, when their volume increased by X% to X units. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounting lifting equipment exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for mounting lifting equipment exports from the United States, accounting for a X% share of total exports. Moreover, mounting lifting equipment exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. Japan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

In value terms, Canada ($X) remains the key foreign market for lifting equipment designed for mounting on road vehicles exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per unit in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into the U.S.

In 2022, overseas purchases of lifting equipment designed for mounting on road vehicles increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports saw a relatively flat trend pattern. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, mounting lifting equipment imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X units), Denmark (X units) and France (X units) were the main suppliers of mounting lifting equipment imports to the United States, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Spain ($X) and Austria ($X) constituted the largest mounting lifting equipment suppliers to the United States, with a combined X% share of total imports. Italy, Denmark, Poland, France, Finland, Germany, China and Sweden lagged somewhat behind, together comprising a further X%.

Among the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mounting lifting equipment import price amounted to $X per unit, approximately reflecting the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mounting lifting equipment import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :