Handling and Lifting Equipment Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global handling and lifting equipment market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Handling and lifting equipment are the machines that aid in moving heavy goods and materials between factories and warehouses. They primarily comprise forklifts, cranes, conveyor systems, and hoists. Handling and lifting equipment are employed for assembling, storing, moving, monitoring, and protecting the materials. As a result, it is extensively utilized in several end-use industries, including manufacturing, construction, consumer goods, semiconductors, automotive, pharmaceutical, mining, lifting accessories, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Handling and Lifting Equipment Industry Trends and Drivers:
The expanding construction sector, along with rising infrastructural development activities, is primarily driving the growth of the global handling and lifting equipment market. Besides this, the ongoing modernization of industrial facilities and infrastructure to enhance production capacity is acting as another growth-inducing factor. Furthermore, the introduction of autonomous cranes and fuel cell-powered forklift trucks is stimulating market growth. Apart from this, the expanding e-commerce sector is also augmenting the market growth. Additionally, numerous technological advancements, such as the integration of high-level software like the Internet of Things (IoT), warehouse management system (WMS), and artificial intelligence that minimizes errors in operations and enables the smoother flow of goods, are anticipated to fuel the growth of the global handling and lifting market over the forecasted period.
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Global Handling and Lifting Equipment Market Segmentation:
The market is segmented on the basis of type, end-use and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape:
The report also provides insights on the competitive landscape of the global handling and lifting equipment with the leading players profiled in the report.
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