Industrial Lifting Equipment - Global Strategic Business Report

The global market for Industrial Lifting Equipment was valued at USD 86.5 Billion in 2024 and is projected to reach USD 114 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Industrial Lifting Equipment Market - Key Trends & Drivers Summarized

What Is the Role of Industrial Lifting Equipment in Modern Industries?

Industrial lifting equipment is indispensable in modern industries, playing a crucial role in enhancing operational efficiency and ensuring workplace safety. This category of machinery includes cranes, hoists, forklifts, and hydraulic lifts, which are essential for moving heavy loads and materials in various industrial settings such as manufacturing, construction, warehousing, and logistics. These machines not only improve productivity by enabling the swift and safe movement of goods but also reduce the physical strain on workers, thereby minimizing the risk of injuries. As industries continue to grow and expand their operations, the demand for robust and reliable lifting equipment is on the rise, highlighting its fundamental role in industrial processes.

How Are Technological Innovations Transforming Industrial Lifting Equipment?

Technological advancements are revolutionizing the industrial lifting equipment market, introducing new features that enhance safety, efficiency, and user-friendliness. The integration of smart technologies, such as IoT and AI, is enabling real-time monitoring and predictive maintenance of lifting equipment, which helps prevent breakdowns and reduces downtime. Automated lifting solutions, including robotic cranes and automated guided vehicles (AGVs), are becoming increasingly popular in smart factories, where they contribute to seamless material handling and improved productivity. Furthermore, advancements in materials science have led to the development of lighter yet stronger lifting equipment, enhancing their performance and durability. These technological innovations are making lifting equipment more sophisticated and capable of meeting the demanding needs of modern industries.

What Are the Emerging Trends Shaping the Industrial Lifting Equipment Market?

Several emerging trends are shaping the industrial lifting equipment market, reflecting the evolving needs and priorities of industries worldwide. One significant trend is the increasing emphasis on safety, driving the development and adoption of equipment with advanced safety features such as load sensors, anti-collision systems, and remote control capabilities. The rise of e-commerce and the consequent expansion of logistics and warehousing sectors are also boosting the demand for efficient material handling solutions, including lifting equipment. Another trend is the growing focus on sustainability, with manufacturers developing eco-friendly lifting solutions that reduce energy consumption and minimize environmental impact. Additionally, the shift towards automation and the implementation of Industry 4.0 are leading to greater adoption of smart and connected lifting equipment, which enhances operational efficiency and data-driven decision-making.

What Factors Are Driving the Growth of the Industrial Lifting Equipment Market?

The growth in the industrial lifting equipment market is driven by several factors that are transforming the industrial landscape. The increasing adoption of automation in manufacturing and logistics is a primary driver, as industries seek to enhance productivity and reduce operational costs. Technological advancements, such as the integration of IoT and AI for real-time monitoring and predictive maintenance, are propelling market growth by offering enhanced efficiency and reliability. The rising emphasis on workplace safety and the implementation of stringent safety regulations are driving the demand for lifting equipment with advanced safety features. Additionally, the expansion of the e-commerce sector and the resulting growth in warehousing and logistics activities are creating new opportunities for the lifting equipment market. The growing focus on sustainability is also contributing to market growth, with industries adopting eco-friendly and energy-efficient lifting solutions. As industries continue to prioritize efficiency, safety, and sustainability, the demand for advanced industrial lifting equipment is expected to witness sustained growth in the coming years.

Report Scope

The report analyzes the Industrial Lifting Equipment market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Fork Lifts, Lifts, Hoists, Stackers, Robotic Arms, Pallet Trucks); Application (Manufacturing, Process Industry, Shipping Dockyards & Warehouses).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Fork lifts segment, which is expected to reach $25.5 Billion by 2030 with a CAGR of a 5.1%. The Lifts segment is also set to grow at 4.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $22.6 Billion in 2024, and China, forecasted to grow at an impressive 7.2% CAGR to reach $25 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Anhui Forklift Truck Group Co., Ltd., Cargotec Corporation, Columbus McKinnon Corporation, Crown Equipment Corporation, Haulotte Group and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Industrial Lifting Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Lifting Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Industrial Lifting Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 27 major companies featured in this Industrial Lifting Equipment market report include:

• Anhui Forklift Truck Group Co., Ltd.
• Cargotec Corporation
• Columbus McKinnon Corporation
• Crown Equipment Corporation
• Haulotte Group
• Hyster-Yale Materials Handling, Inc.
• Ingersoll-Rand PLC
• Jungheinrich AG
• KION Group AG
• KITO Corporation
• Komatsu Ltd.
• Konecranes
• Liebherr Group
• Linamar Corporation
• Mammoet
• Manitowoc Co., Inc.
• Mitsubishi Logisnext Co., Ltd.
• Oshkosh Corporation
• PALFINGER AG
• Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
• Tadano Ltd.
• Terex Corporation
• Toyota Industries Corporation
• Xuzhou Construction Machinery Group Co., Ltd.
• Zoomlion Heavy Industry Science & Technology Co., Ltd.