Report Update Apr 1, 2024

World - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Global Lifting Equipment Market 2024

Lifting Equipment Market Size

The global lifting equipment market rose markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lifting Equipment Production

In value terms, lifting equipment production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Lifting Equipment Exports

Exports

In 2022, shipments abroad of lifting equipment decreased by less than X% to X units, falling for the second consecutive year after three years of growth. In general, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the global exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports reduced to $X in 2022. Overall, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X units, which recorded X% of total exports. Belgium (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and the Netherlands (X%). Italy (X units), the United States (X units), South Korea (X units), Slovenia (X units), the UK (X units), Singapore (X units), Austria (X units), Spain (X units) and Australia (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Australia (X%), Slovenia (X%), the Netherlands (X%) and the UK (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%), Austria (X%), Germany (X%), Italy (X%), Spain (X%), South Korea (X%), the United States (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Netherlands, Slovenia, Australia and the UK increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lifting equipment supplying countries worldwide were the Netherlands ($X), Germany ($X) and Slovenia ($X), with a combined X% share of global exports.

In terms of the main exporting countries, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lifting equipment export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price showed a slight setback. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while Australia ($X per unit) was amongst the lowest.

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

Lifting Equipment Imports

Imports

In 2022, overseas purchases of lifting equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports showed slight growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, lifting equipment imports fell to $X in 2022. Overall, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Canada (X units) and Australia (X units) represented roughly X% of total imports in 2022. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by Russia (X%). Argentina (X units), Norway (X units), France (X units), South Africa (X units), Chile (X units), Indonesia (X units), Ecuador (X units) and Colombia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Singapore, Norway, South Africa, Russia, Canada, Chile, Australia, Argentina, Colombia and Ecuador lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, South Africa, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lifting equipment import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other global leaders experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of consumption in 2023 were Italy, China and the United States, with a combined 48% share of global consumption. India, Russia, Japan, Germany, Pakistan, Brazil, Indonesia, France and Turkey lagged somewhat behind, together comprising a further 26%.

What are the largest producers of lifting equipment in the world?

The countries with the highest volumes of production in 2022 were Italy, China and the United States, with a combined 52% share of global production. India, Russia, Japan, Germany, Pakistan, Brazil, Indonesia, France and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of lifting equipment in the world?

In value terms, the largest lifting equipment supplying countries worldwide were the Netherlands, Germany and Slovenia, together accounting for 33% of global exports.

What are the leading importers of lifting equipment in the world?

In value terms, the United States, Indonesia and France appeared to be the countries with the highest levels of imports in 2022, together comprising 17% of global imports. Singapore, Norway, South Africa, Russia, Canada, Chile, Australia, Argentina, Colombia and Ecuador lagged somewhat behind, together accounting for a further 17%.

What is the average export price for lifting equipment in the world?

In 2022, the average lifting equipment export price amounted to $14,243 per unit, with a decrease of -11.6% against the previous year.

What is the average import price for lifting equipment in the world?

In 2022, the average lifting equipment import price amounted to $6,225 per unit, falling by -12.7% against the previous year.

This report provides an in-depth analysis of the global lifting equipment market. 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 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023