The industrial counterweights market is projected to reach USD 8.5 billion by 2026 from an estimated USD 6.7 billion in 2021, at a CAGR of 4.5% during the forecast period. Increasing rate of construction is driving the industrial counterweights market. The demand of industrial counterweights from construction industry are the main drivers for the industrial counterweights market. Increasing need of efficiency and stability of systems in industrial environment is expected to offer lucrative opportunities for the industrial counterweights market during the forecast period. However, rise in price of raw materials acts as a restraint for the manufacturing of industrial counterweights.
The iron & steel material is expected to grow at the highest CAGR from 2021 to 2026.
Based on the components of industrial counterweights systems, the iron & steel material is estimated to be the fastest-growing market from 2019 to 2026. The segment includes iron & steel, concrete and others like lead and tungsten. Growth of the industrial sector in Asia Pacific and North America is expected to drive the industrial counterweights market.
Construction industry is expected to emerge as the largest segment based on sales channel
The construction industry, by end-user, is projected to hold the highest market share during the forecast period. Construction industry use industrial counterweights systems to decrease the human interference, to increase efficiency and to increase stability of the equipment used. Using industrial counterweights systems, construction industry operators can easily load and unload the material by counterbalancing the weights with the help of counterweights used.
Asia Pacific: The largest industrial counterweights market
Asia Pacific is currently the largest industrial counterweights market, followed by North America and the Europe. China accounted for the maximum share of the Asia Pacific market in 2020. It is also projected to grow at the highest CAGR from 2021 to 2026. Growth of the industrial sectors in countries such as China, India, South Korea, Australia, and Japan is expected to drive the Asia Pacific industrial counterweights market. Countries such as China and Japan are focusing on construction activities and industrial manufacturing business like automotive to reduce human labor, which is expected to increase demand for industrial counterweights in the region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
- By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
- By Region: North America- 15%, Asia Pacific- 45%, Europe- 30%, the Middle East & Africa- 5%, and South America- 5%
Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The leading players in the industrial counterweights market include FMGC, Farinia Group (France), Sic lazaro US Inc. (US), Crescent Foundry (India), Gallizo (Spain), Mars Metal (Canada).
Research Coverage:
The report defines, describes, and forecasts the global industrial counterweights market, by type, by component type, by material, by application, by end-user industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the industrial counterweights market.
Key Benefits of Buying the Report
- The report identifies and addresses the key markets for industrial counterweights, which would help industrial counterweights manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Industrial Counterweights Market, by Material: Inclusions and Exclusions
1.3.2 Industrial Counterweights Market, by End-user: Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Regional Scope
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 1 Industrial Counterweights Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Impact of COVID-19 on Industry
2.4 Scope
Figure 3 Main Metrics Considered while Analyzing and Assessing Demand for Industrial Counterweights
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.5.3 Demand-Side Analysis
2.5.3.1 Regional Analysis
2.5.3.2 Country Analysis
2.5.3.3 Assumptions for Demand Side
2.5.3.4 Calculation for Demand Side
Figure 6 Key Steps Considered for Assessing Demand of Industrial Counterweights
Figure 7 Industrial Counterweights Market: Demand-Side Analysis
2.5.4 Forecast
3 Executive Summary
Table 1 Snapshot of Industrial Counterweights Market
Figure 8 Fixed Counterweights to Account for Larger Share of Industrial Counterweights Market, by Type, During Forecast Period
Figure 9 Iron & Steel Segment, by Material, to Lead Industrial Counterweights Market During Forecast Period
Figure 10 Construction Segment to Continue to Account for Largest Size of Industrial Counterweights Market, by End-user, During Forecast Period
Figure 11 Cranes to Account for Largest Size of Industrial Counterweights Market, by Application, During Forecast Period
Figure 12 Industrial Counterweights Market in Asia-Pacific to Exhibit Highest CAGR During 2021-2026
4 Premium Insights
4.1 Attractive Opportunities in Industrial Counterweights Market
Figure 13 Increasing Investments in Construction and Material Handling Equipment to Drive Industrial Counterweights Market Growth During 2021-2026
4.2 Industrial Counterweights Market, by Region
Figure 14 Industrial Counterweights Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period
4.3 Industrial Counterweights Market, by End-user and Country
Figure 15 Construction Segment and China Held Largest Shares of Industrial Counterweights Market in APAC in 2020
4.4 Industrial Counterweights Market, by Type
Figure 16 Fixed Counterweights Segment Held Larger Share of Industrial Counterweights Market in 2020
4.5 Industrial Counterweights Market, by Material
Figure 17 Iron & Steel Segment Held Largest Share of Industrial Counterweights Market in 2020
4.6 Industrial Counterweights Market, by End-user
Figure 18 Construction Segment Held Largest Share of Industrial Counterweights Market in 2020
4.7 Industrial Counterweights Market, by Application
Figure 19 Cranes Segment Held Largest Share of Industrial Counterweights Market in 2020
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 20 COVID-19 Global Propagation
Figure 21 COVID-19 Propagation in Selected Countries
5.3 Road to Recovery
Figure 22 Recovery Road for 2020 and 2021
5.4 COVID-19 Economic Assessment
Figure 23 Revised Gdp Forecasts for Select G20 Countries in 2020
5.5 Market Dynamics
Figure 24 Industrial Counterweights Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Increasing Demand for Cast-Iron Counterweights for Off-Highway Equipment Applications
5.5.1.2 Soaring Demand for Counterweights in Material Handling Operations, Majorly in Manufacturing and Logistics Industries
5.5.1.3 Rising Demand for Heavy Machinery from Construction Sector Will Propel the Demand for Counterweights
5.5.2 Restraints
5.5.2.1 Stringent Government Regulations Restricting Use of Lead Counterweights
5.5.2.2 Varying Cost of Counterweights by Material Restricting Use of Proper Counterweights in Different Applications
5.5.3 Opportunities
5.5.3.1 Generation of Additional Demand for Material Handling Equipment by Booming Retail Sector
Figure 25 Global Retail Sales, 2019 (USD Billion)
5.5.4 Challenges
5.5.4.1 Trimmed Demand from End-Use Industries due to COVID-19
5.5.4.2 Increasing Raw Material Prices
5.6 Trends
5.6.1 Revenue Shift and New Revenue Pockets for Industrial Counterweight Manufacturers
Figure 26 Revenue Shift for Industrial Counterweight
5.7 Pricing Analysis
Table 2 Pricing Analysis of Industrial Counterweights
5.8 Market Map
Figure 27 Market Map for Industrial Counterweights
Table 3 Industrial Counterweights: Ecosystem
5.9 Value Chain Analysis
Figure 28 Industrial Counterweights Value Chain Analysis
5.9.1 Raw Material Providers/Suppliers
5.9.2 Manufacturers/Assemblers
5.9.3 Distributors (Buyers)/End-users
5.10 Technology Analysis
5.10.1 Industrial Counterweights Based on Different Technologies
5.11 Industrial Counterweights: Codes and Regulations
Table 4 Industrial Counterweights: Codes and Regulations
5.12 Innovations and Patent Registrations
Table 5 Industrial Counterweights: Innovations and Patent Registrations
5.13 Porter's Five Forces Analysis
Figure 29 Porter's Five Forces Analysis for Industrial Counterweights Market
Table 6 Industrial Counterweights: Porter's Five Forces Analysis
5.13.1 Threat of Substitutes
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of New Entrants
5.13.5 Intensity of Competitive Rivalry
5.14 Case Study Analysis
5.14.1 Counterweight Replacement in Kogerpolderbridge (Northern Holland Province)
5.14.2 Counterweight for Racing Car (Formula 1)
6 Industrial Counterweights Market, by Type
6.1 Introduction
Figure 30 Industrial Counterweights Market, by Type, 2020 (%)
Figure 31 Fixed Industrial Counterweights Market, by Type, 2020 (%)
Table 7 Industrial Counterweights Market, by Type, 2019-2026 (USD Million)
Table 8 Industrial Counterweights Market, by Fixed Counterweights Type, 2019-2026 (USD Million)
6.2 Swinging Counterweights
6.2.1 Construction Industry Drives Swinging Counterweights Market Growth
Table 9 Swinging Industrial Counterweights Market, by Region, 2019-2026 (USD Million)
6.3 Fixed Counterweights
6.3.1 Logistics, Agriculture, and Mining Industries Accelerate Fixed Counterweights Market Growth
Table 10 Fixed Industrial Counterweights Market, by Region, 2019-2026 (USD Million)
Table 11 Fixed Frame Industrial Counterweights Market, by Region, 2019-2026 (USD Million)
Table 12 Floating Frame Industrial Counterweights Market, by Region, 2019-2026 (USD Million)
7 Industrial Counterweights Market, by Material
7.1 Introduction
Figure 32 Industrial Counterweights Market, by Material, 2020 (%)
Table 13 Industrial Counterweights Market Size, by Material, 2019-2026 (USD Million)
7.2 Iron & Steel
7.2.1 Iron & Steel are Widely Used Materials for Manufacturing Counterweights
Table 14 Industrial Counterweights Market for Iron & Steel, by Region, 2019-2026 (USD Million)
7.3 Concrete
7.3.1 Demand for Concrete Counterweights is Driven by Construction Industry
Table 15 Industrial Counterweights Market for Concrete, by Region, 2019-2026 (USD Million)
7.4 Others
Table 16 Industrial Counterweights Market for Others, by Region, 2019-2026 (USD Million)
8 Industrial Counterweights Market, by Application
8.1 Introduction
Figure 33 Industrial Counterweights Market, by Application, 2020 (%)
Table 17 Industrial Counterweights Market Size, by Application, 2019-2026 (USD Million)
8.2 Elevators
8.2.1 Counterweights Made Up of Iron and Steel Alloys are Generally Used for Applications in Elevators
Table 18 Industrial Counterweights Market for Elevators, by Region, 2019-2026 (USD Million)
8.3 Cranes
8.3.1 in Heightened Demand for Cranes in Construction Activities is Fueling Growth of Cranes Segment
Table 19 Industrial Counterweights Market for Cranes, by Region, 2019-2026 (USD Million)
8.4 Forklifts
8.4.1 Surging Demand for Forklifts in Manufacturing and Warehousing Operations is Supporting Growth of Forklifts Segment
Table 20 Industrial Counterweights Market for Forklifts, by Region, 2019-2026 (USD Million)
8.5 Excavators
8.5.1 Rising Demand for Excavators in Infrastructure Development Activities is Motivating Growth of Excavators Segment
Table 21 Industrial Counterweights Market for Excavator, by Region, 2019-2026 (USD Million)
8.6 Lifts
8.6.1 Intensifying Focus on Ensuring Stability in Operations is Fueling Demand for Counterweights for Applications in Lifts
Table 22 Industrial Counterweights Market for Lift, by Region, 2019-2026 (USD Million)
8.7 Grinding Wheels
8.7.1 Deployment of Innovative Grinding Wheels in Automotive and Aerospace Industries is Generating Demand for Counterweights
Table 23 Industrial Counterweights Market for Grinding Wheels, by Region, 2019-2026 (USD Million)
8.8 Others
Table 24 Industrial Counterweights Market for Others, by Region, 2019-2026 (USD Million)
9 Industrial Counterweights Market, by End-user
9.1 Introduction
Figure 34 Industrial Counterweights Market, by End-user, 2020 (%)
Table 25 Industrial Counterweights Market Size, by End-user, 2019-2026 (USD Million)
9.2 Industrial Manufacturing
9.2.1 Demand from Automotive and Oil & Gas Industries Drive Growth of Industrial Manufacturing Segment
Table 26 Industrial Counterweights Market for Industrial Manufacturing, by Region, 2019-2026 (USD Million)
9.3 Marine
9.3.1 Growth of Marine Segment is Driven by Adoption of Cranes in Shipping and Material Handling Industries
Table 27 Industrial Counterweights Market for Marine, by Region, 2019-2026 (USD Million)
9.4 Construction
9.4.1 Growth of Construction Segment is Fueled by Surging Demand for Tower Cranes in Construction Projects
Table 28 Industrial Counterweights Market for Construction, by Region, 2019-2026 (USD Million)
9.5 Mining
9.5.1 Adoption of Rough Terrain and All-Terrain Cranes for Surface and Sub-Surface Mining Activities to Support Growth of Mining Segment
Table 29 Industrial Counterweights Market for Mining, by Region, 2019-2026 (USD Million)
9.6 Agriculture
9.6.1 Adoption of Modern Equipment in Agriculture Industry Catalyzing Growth of Agriculture Segment
Table 30 Industrial Counterweights Market for Agriculture, by Region, 2019-2026 (USD Million)
9.7 Renewables
9.7.1 Growing Demand for Counterweights from Wind Industry to Boost Growth of Renewables Segment
Table 31 Industrial Counterweights Market Size, by Renewables End-user, 2019-2026 (USD Million)
Table 32 Industrial Counterweights Market for Renewables, by Region, 2019-2026 (USD Million)
Table 33 Industrial Counterweights Market for Wind Turbines in Renewables, by Region, 2019-2026 (USD Million)
Table 34 Industrial Counterweights Market for Others in Renewables, by Region, 2019-2026 (USD Million)
9.8 Logistics
9.8.1 Expanding E-Commerce Industry Motivating Growth of Logistics Segment
Table 35 Industrial Counterweights Market for Logistics, by Region, 2019-2026 (USD Million)
10 Regional Analysis
10.1 Introduction
Figure 35 Industrial Counterweights Market in Asia-Pacific to Grow at Highest CAGR from 2021 to 2026
Figure 36 Industrial Counterweights Market Share, by Region, 2020 (%)
Table 36 Global Industrial Counterweights Market Size, by Region, 2019-2026 (USD Million)
10.2 Asia-Pacific
Figure 37 Snapshot: Industrial Counterweights Market in Asia-Pacific
10.2.1 By Type
Table 37 Industrial Counterweights Market in Asia-Pacific, by Type, 2019-2026 (USD Million)
10.2.2 By Fixed Counterweight Type
Table 38 Industrial Counterweights Market in Asia-Pacific, Fixed Counterweight Type, 2019-2026 (USD Million)
10.2.3 By Material
Table 39 Industrial Counterweights Market in Asia-Pacific, by Material, 2019-2026 (USD Million)
10.2.4 By Application
Table 40 Industrial Counterweights Market in Asia-Pacific, by Application, 2019-2026 (USD Million)
10.2.5 By End-user
Table 41 Industrial Counterweights Market in Asia-Pacific, by End-user, 2019-2026 (USD Million)
10.2.6 By Renewables End-user
Table 42 Industrial Counterweights Market in Asia-Pacific, by Renewables End-user, 2019-2026 (USD Million)
10.2.7 By Country
Table 43 Industrial Counterweights Market in Asia-Pacific, by Country, 2019-2026 (USD Million)
10.2.7.1 China
10.2.7.1.1 China to Dominate Market in APAC During Forecast Period
10.2.7.1.2 By End-user
Table 44 Industrial Counterweights Market in China, by End-user, 2019-2026 (USD Million)
10.2.7.1.3 By Renewables End-user
Table 45 Industrial Counterweights Market in China, by Renewables End-user, 2019-2026 (USD Million)
10.2.7.2 Japan
10.2.7.2.1 Expanding Industrial and Manufacturing Sectors to Boost Market Growth in Japan
10.2.7.2.2 By End-user
Table 46 Industrial Counterweights Market in Japan, by End-user, 2019-2026 (USD Million)
10.2.7.2.3 By Renewables End-user
Table 47 Industrial Counterweights Market in Japan, by Renewables End-user, 2019-2026 (USD Million)
10.2.7.3 India
10.2.7.3.1 Market in India to Revolutionize Water and Wastewater Industry
10.2.7.3.2 By End-user
Table 48 Industrial Counterweights Market in India, by End-user, 2019-2026 (USD Million)
10.2.7.3.3 By Renewables End-user
Table 49 Industrial Counterweights Market in India, by Renewables End-user, 2019-2026 (USD Million)
10.2.7.4 South Korea
10.2.7.4.1 Manufacturing Applications Fostering Market Growth in South Korea
10.2.7.4.2 By End-user
Table 50 Industrial Counterweights Market in South Korea, by End-user, 2019-2026 (USD Million)
10.2.7.4.3 By Renewables End-user
Table 51 Industrial Counterweights Market in South Korea, by Renewables End-user, 2019-2026 (USD Million)
10.2.7.5 Australia
10.2.7.5.1 Demand from Mining Industry to Substantiate Market Growth in Australia
10.2.7.5.2 By End-user
Table 52 Industrial Counterweights Market in Australia, by End-user, 2019-2026 (USD Million)
10.2.7.5.3 By Renewables End-user
Table 53 Industrial Counterweights Market in Australia, by Renewables End-user, 2019-2026 (USD Million)
10.2.7.6 Rest of Asia-Pacific
10.2.7.6.1 By End-user
Table 54 Industrial Counterweights Market in Rest of Asia-Pacific, by End-user, 2019-2026 (USD Million)
10.2.7.6.2 By Renewables End-user
Table 55 Industrial Counterweights Market in Rest of Asia-Pacific, by Renewables End-user, 2019-2026 (USD Million)
10.3 North America
Figure 38 Snapshot: Industrial Counterweights Market in North America
10.3.1 By Type
Table 56 Industrial Counterweights Market in North America, by Type, 2019-2026 (USD Million)
10.3.2 By Fixed Counterweight Type
Table 57 Industrial Counterweights Market in North America, by Fixed Counterweight Type, 2019-2026 (USD Million)
10.3.3 By Material
Table 58 Industrial Counterweights Market in North America, by Material, 2019-2026 (USD Million)
10.3.4 By Application
Table 59 Industrial Counterweights Market in North America, by Application, 2019-2026 (USD Million)
10.3.5 By End-user
Table 60 Industrial Counterweights Market in North America, by End-user, 2019-2026 (USD Million)
10.3.6 By Renewables End-user
Table 61 Industrial Counterweights Market in North America, by Renewables End-user, 2019-2026 (USD Million)
10.3.7 By Country
Table 62 Industrial Counterweights Market in North America, by Country, 2019-2026 (USD Million)
10.3.7.1 US
10.3.7.1.1 Industrial Automation is Fueling Demand for Counterweights in US
10.3.7.1.2 By End-user
Table 63 Industrial Counterweights Market in Us, by End-user, 2019-2026 (USD Million)
10.3.7.1.3 By Renewables End-user
Table 64 Industrial Counterweights Market in Us, by Renewables End-user, 2019-2026 (USD Million)
10.3.7.2 Canada
10.3.7.2.1 Presence of Various End-user Industries Support Industrial Counterweights Market Growth in Canada
10.3.7.2.2 By End-user
Table 65 Industrial Counterweights Market in Canada, by End-user, 2019-2026 (USD Million)
10.3.7.2.3 By Renewables End-user
Table 66 Industrial Counterweights Market in Canada, by Renewables End-user, 2019-2026 (USD Million)
10.3.7.3 Mexico
10.3.7.3.1 Government Investment Warehouse Infrastructure Development to Create Opportunities for Industrial Counterweights Market Growth
10.3.7.3.2 By End-user
Table 67 Industrial Counterweights Market in Mexico, by End-user, 2019-2026 (USD Million)
10.3.7.3.3 By Renewables End-user
Table 68 Industrial Counterweights Market in Mexico, by Renewables End-user, 2019-2026 (USD Million)
10.3.7.4 Rest of North America
10.3.7.5 By End-user Industry
Table 69 Industrial Counterweights Market in Rest of North America, by End-user Industry, 2019-2026 (USD)
10.3.7.6 By Renewables End-user Industry
Table 70 Industrial Counterweights Market in Rest of North America, by Renewables End-user Industry, 2019-2026 (USD)
10.4 Europe
10.4.1 By Type
Table 71 Industrial Counterweights Market in Europe, by Type, 2019-2026 (USD Million)
10.4.2 By Fixed Counterweight Type
Table 72 Industrial Counterweights Market in Europe, by Fixed Counterweight Type, 2019-2026 (USD Million)
10.4.3 By Material
Table 73 Industrial Counterweights Market in Europe, by Material, 2019-2026 (USD Million)
10.4.4 By Application
Table 74 Industrial Counterweights Market in Europe, by Application, 2019-2026 (USD Million)
10.4.5 By End-user
Table 75 Industrial Counterweights Market in Europe, by End-user, 2019-2026 (USD Million)
10.4.6 By Renewables End-user
Table 76 Industrial Counterweights Market in Europe, by Renewables End-user, 2019-2026 (USD Million)
10.4.7 By Country
Table 77 Industrial Counterweights Market in Europe, by Country, 2019-2026 (USD Million)
10.4.7.1 Germany
10.4.7.1.1 Construction Industry Driving Industrial Counterweights Market Growth in Germany
10.4.7.1.2 By End-user
Table 78 Industrial Counterweights Market in Germany, by End-user, 2019-2026 (USD Million)
10.4.7.1.3 By Renewables End-user
Table 79 Industrial Counterweights Market in Germany, by Renweables End-user, 2019-2026 (USD Million)
10.4.7.2 UK
10.4.7.2.1 Growing Marine Sector to Drive Industrial Counterweights Market Growth in UK
10.4.7.2.2 By End-user
Table 80 Industrial Counterweights Market in Uk, by End-user, 2019-2026 (USD Million)
10.4.7.2.3 By Renewables End-user
Table 81 Industrial Counterweights Market in Uk, by Renewables End-user, 2019-2026 (USD Million)
10.4.7.3 France
10.4.7.3.1 Flourishing Automotive Industry to Contribute to Growth of Industrial Counterweights Market in France
10.4.7.3.2 By End-user
Table 82 Industrial Counterweights Market in France, by End-user, 2019-2026 (USD Million)
10.4.7.3.3 By Renewables End-user
Table 83 Industrial Counterweights Market in France, by Renewables End-user, 2019-2026 (USD Million)
10.4.7.4 Spain
10.4.7.4.1 Demand from Construction Sector Driving Market Growth in Spain
10.4.7.4.2 By End-user
Table 84 Industrial Counterweights Market in Spain, by End-user, 2019-2026 (USD Million)
10.4.7.4.3 By Renewables End-user
Table 85 Industrial Counterweights Market in Spain, by Renewables End-user, 2019-2026 (USD Million)
10.4.7.5 Italy
10.4.7.5.1 Demand from Pharmaceuticals Industry is Supporting Market Growth
10.4.7.5.2 By End-user
Table 86 Industrial Counterweights Market in Italy, by End-user, 2019-2026 (USD Million)
10.4.7.5.3 By Renewables End-user
Table 87 Industrial Counterweights Market in Italy, by Renweables End-user, 2019-2026 (USD Million)
10.4.7.6 Rest of Europe
10.4.7.6.1 By End-user
Table 88 Industrial Counterweights Market in Rest of Europe, by End-user, 2019-2026 (USD Million)
10.4.7.6.2 By Renewables End-user
Table 89 Industrial Counterweights Market in Rest of Europe, by Renweables End-user, 2019-2026 (USD Million)
10.5 South America
10.5.1 By Type
Table 90 Industrial Counterweights Market in South America, by Type, 2019-2026 (USD Million)
10.5.2 By Fixed Counterweight Type
Table 91 Industrial Counterweights Market in South America, by Fixed Counterweight Type, 2019-2026 (USD Million)
10.5.3 By Material
Table 92 Industrial Counterweights Market in South America, by Material, 2019-2026 (USD Million)
10.5.4 By Application
Table 93 Industrial Counterweights Market in South America, by Application, 2019-2026 (USD Million)
10.5.5 By End-user
Table 94 Industrial Counterweights Market in South America, by End-user, 2019-2026 (USD Million)
10.5.6 By Renewables End-user
Table 95 Industrial Counterweights Market in South America, by Renewables End-user, 2019-2026 (USD Million)
10.5.7 By Country
Table 96 Industrial Counterweights Market in South America, by Country, 2019-2026 (USD Million)
10.5.7.1 Brazil
10.5.7.1.1 Growing Industrial Automation to Underpin Market Growth in Brazil
10.5.7.1.2 By End-user
Table 97 Industrial Counterweights Market in Brazil, by End-user, 2019-2026 (USD Million)
10.5.7.1.3 By Renewables End-user
Table 98 Industrial Counterweights Market in Brazil, by Renewables End-user, 2019-2026 (USD Million)
10.5.7.2 Argentina
10.5.7.2.1 Investments in Oil and Gas Industry to Fuel Demand for Industrial Counterweights in Argentina
10.5.7.2.2 By End-user
Table 99 Industrial Counterweights Market in Argentina, by End-user, 2019-2026 (USD Million)
10.5.7.2.3 By Renewables End-user
Table 100 Industrial Counterweights Market in Argentina, by Renewables End-user, 2019-2026 (USD Million)
10.5.7.3 Rest of South America
10.5.7.3.1 By End-user
Table 101 Industrial Counterweights Market in Rest of South America, by End-user, 2019-2026 (USD Million)
10.5.7.3.2 By Renewables End-user
Table 102 Industrial Counterweights Market in Rest of South America, by Renewables End-user, 2019-2026 (USD Million)
10.5.7.4 Chile
10.5.7.4.1 Construction and Petrochemicals Industries Substantiate Demand for Counterweights in Chile
10.5.7.4.2 By End-user
Table 103 Industrial Counterweights Market in Chile, by End-user, 2019-2026 (USD Million)
10.5.7.4.3 By Renewables End-user
Table 104 Industrial Counterweights Market in Chile, by Renewables End-user, 2019-2026 (USD Million)
10.6 Middle East & Africa
10.6.1 By Type
Table 105 Industrial Counterweights Market in Middle East & Africa, by Type, 2019-2026 (USD Million)
10.6.2 By Fixed Counterweight Type
Table 106 Industrial Counterweights Market in Middle East & Africa, by Fixed Counterweight Type, 2019-2026 (USD Million)
10.6.3 By Material
Table 107 Industrial Counterweights Market in Middle East & Africa, by Material, 2019-2026 (USD Million)
10.6.4 By Application
Table 108 Industrial Counterweights Market in Middle East & Africa, by Application, 2019-2026 (USD Million)
10.6.5 By End-user
Table 109 Industrial Counterweights Market in Middle East & Africa, by End-user, 2019-2026 (USD Million)
10.6.6 By Renewables End-user
Table 110 Industrial Counterweights Market in Middle East & Africa, by Renweables End-user, 2019-2026 (USD Million)
10.6.7 By Country
Table 111 Industrial Counterweights Market in Middle East & Africa, by Country, 2019-2026 (USD Million)
10.6.7.1 Saudi Arabia
10.6.7.1.1 Construction Industry Supports Market Growth in Saudi Arabia
10.6.7.1.2 By End-user
Table 112 Industrial Counterweights Market in Saudi Arabia, by End-user, 2019-2026 (USD Million)
10.6.7.1.3 By Renewables End-user
Table 113 Industrial Counterweights Market in Saudi Arabia, by Renewables End-user, 2019-2026 (USD Million)
10.6.7.2 UAE
10.6.7.2.1 Infrastructural Development Projects Boost Demand for Industrial Counterweights in UAE
10.6.7.2.2 By End-user
Table 114 Industrial Counterweights Market in Uae, by End-user, 2019-2026 (USD Million)
10.6.7.2.3 By Renewables End-user
Table 115 Industrial Counterweights Market in Uae, by Renewables End-user, 2019-2026 (USD Million)
10.6.7.3 South Africa
10.6.7.3.1 Flourishing Mining Industry to Contribute to Growth of Industrial Counterweights Market in South Africa
10.6.7.3.2 By End-user
Table 116 Industrial Counterweights Market in South Africa, by End-user, 2019-2026 (USD Million)
10.6.7.3.3 By Renewables End-user
Table 117 Industrial Counterweights Market in South Africa, by Renewables End-user, 2019-2026 (USD Million)
10.6.7.4 Iran
10.6.7.4.1 Oil & Gas and Manufacturing Sector in Iran to Augment Counterweight Implementation During Forecast Period
10.6.7.4.2 By End-user
Table 118 Industrial Counterweights Market in Iran, by End-user, 2019-2026 (USD Million Million)
10.6.7.4.3 By Renewables End-user
Table 119 Industrial Counterweights Market in Iran, by Renewables End-user, 2019-2026 (USD Million)
10.6.7.5 Rest of Middle East & Africa
10.6.7.5.1 By End-user
Table 120 Industrial Counterweights Market in Rest of Middle East & Africa, by End-user, 2019-2026 (USD Million)
10.6.7.5.2 By Renewables End-user
Table 121 Industrial Counterweights Market in Rest of Middle East & Africa, by Renewables End-user, 2019-2026 (USD Million)
11 Competitive Landscape
11.1 Key Player Strategies
Table 122 Overview of Top Market Players, January 2017- July 2021
11.2 Market Analysis of Top Five Players
Table 123 Industrial Counterweights Market: Rank
Figure 39 Industrial Counterweights Market Share Analysis, 2020
11.3 Market Evaluation Framework
Table 124 Market Evaluation Framework
11.4 Company Evaluation Quadrant
11.4.1 Star
11.4.2 Emerging Leader
11.4.3 Pervasive
11.4.4 Participant
Figure 40 Competitive Leadership Mapping: Industrial Counterweight Market, 2019
Table 125 Company Footprint
Table 126 Company Type Footprint
Table 127 Company Material Footprint
Table 128 Company Application Foorprint
Table 129 Company End-user Footprint
Table 130 Company Region Footprint
11.5 Competitive Scenario
Table 131 Industrial Counterweights Market: Product Launches, January 2017- July 2021
Table 132 Industrial Counterweights Market: Deals, January 2017-July 2021
Table 133 Industrial Counterweights Market: Other Developments, January 2017-July 2021
12 Company Profiles
12.1 Introduction
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, Analyst's View)*
12.2 Major Players
12.2.1 Fmgc, Farinia Group
Table 134 Fmgc, Farinia Group: Company Overview
Table 135 Fmgc, Farinia Group: Products/Solutions Offered
Table 136 Fmgc, Farinia Group: Deals, January 2017-July 2021
Figure 41 Fmgc Farinia Group: SWOT Analysis
12.2.2 Sic Lazaro
Table 137 Sic Lazaro: Company Overview
Table 138 Sic Lazaro: Products/Solutions Offered
Table 139 Sic Lazaro: Deals, January 2017-July 2021
Figure 42 Sic Lazaro (Us): SWOT Analysis
12.2.3 Crescent Foundry
Table 140 Crescent Foundry: Company Overview
Table 141 Crescent Foundry: Products/Solutions Offered
Table 142 Crescent Foundry: Others, January 2017-July 2021
Figure 43 Crescent Foundry (India): SWOT Analysis
12.2.4 Gallizo
Table 143 Gallizo: Company Overview
Table 144 Gallizo: Products/Solutions Offered
Table 145 Gallizo: Deals, July 2017-August 2017
Table 146 Gallizo: Other Developments, January 2017-July 2021
Figure 44 Galizo: SWOT Analysis
12.2.5 Mars Metal
Table 147 Mars Metal: Company Overview
Table 148 Mars Metal: Products/Solutions/Services Offered
Figure 45 Mars Metal: SWOT Analysis
12.2.6 Ultraray Metals
Table 149 Ultraray Metals: Company Overview
Table 150 Ultraray Metals: Products/Solutions/Services Offered
Table 151 Ultraray Metals: Product Launches, January 2017-July 2021
Table 152 Ultraray Metals: Deals, January 2017-July 2021
12.2.7 Isc
Table 153 Isc: Company Overview
Table 154 Isc: Product Launches, January 2017-July 2021
Table 155 Isc: Other Developments, January 2017-July 2021
12.2.8 Vietnam Cast Iron
Table 156 Vietnam Cast Iron: Company Overview
Table 157 Vietnam Cast Iron: Products/Solutions/Services Offered
12.2.9 Agescan International Inc.
Table 158 Agescan International Inc.: Company Overview
Table 159 Agescan International Inc.: Products/Solutions/ Services Offered
12.2.10 Amac Alloys
Table 160 Amac Alloys: Company Overview
Table 161 Amac Alloys: Products/Solutions/Services Offered
Table 162 Amac Alloys: Deals, February 2017- January 2017-July 2021
12.2.11 Max Iron
Table 163 Max Iron: Company Overview
Table 164 Max Iron: Products/Solutions/Services Offered
Table 165 Max Iron: Deals, January 2017-July 2021
12.2.12 Lkab Minerals
Table 166 Lkab Minerals: Company Overview
Table 167 Lkab Minerals: Products/Solutions/Services Offered
12.2.13 Konstanta
Table 168 Konstanta: Company Overview
Table 169 Konstanta: Products/Solutions/Services Offered
12.2.14 Edgetech Industries LLC
Table 170 Edgetech Industries LLC: Company Overview
Table 171 Edgetech Industries LLC: Products/Solutions/Services Offered
12.2.15 Sic Lazaro Industrial
Table 172 Sic Lazaro Industrial: Company Overview
Table 173 Sic Lazaro Industrial: Products/Solutions/Services Offered
12.2.16 Shanxi Huaxiang Group Co. Ltd.
Table 174 Shanxi Huaxiang Group Co. Ltd.: Company Overview
Table 175 Shanxi Huaxiang Group Co Ltd.: Products/Solutions/ Services Offered
12.2.17 Tenwinkel GmbH & Co. Kg
Table 176 Tenwinkel GmbH & Co. Kg: Company Overview
Table 177 Tenwinkel GmbH & Co. Kg: Products/Solutions/Services Offered
12.2.18 Betonfertigteile Ernst Binder GmbH
Table 178 Betonfertigteile Ernst Binder GmbH: Company Overview
Table 179 Betonfertigteile Ernst Binder GmbH: Products/Solutions/Services Offered
12.2.19 Frans Pateer B.V.
Table 180 Frans Pateer B.V.: Company Overview
Table 181 Frans Pateer B.V.: Products/Solutions/Services Offered
12.2.20 Casting Quality
Table 182 Casting Quality: Company Overview
Table 183 Frans Pateer B.V.: Products/Solutions/Services Offered
12.2.21 Sic Lazaro Polska
Table 184 Sic Lazaro Polska: Company Overview
Table 185 Sic Lazaro Polska: Products/Solutions/Services Offered
12.2.22 Messerschmidt Industriedesign
Table 186 Messerschmidt Industriedesign: Company Overview
Table 187 Messerschmidt Industriedesign: Products/Solutions/ Services Offered
12.2.23 Bruckert Beton GmbH
Table 188 Bruckert Beton GmbH: Company Overview
Table 189 Bruckert Beton GmbH: Products/Solutions/Services Offered
12.2.24 So Me Fer Srl
Table 190 So Me Fer Srl: Company Overview
12.2.25 Valsusa Sas
Table 191 Valsusa Sas: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Available Customizations
Companies Mentioned
- Agescan International Inc.
- Amac Alloys
- Betonfertigteile Ernst Binder GmbH
- Bruckert Beton GmbH
- Casting Quality
- Crescent Foundry
- Edgetech Industries LLC
- Fmgc, Farinia Group
- Frans Pateer B.V.
- Gallizo
- Isc
- Konstanta
- Lkab Minerals
- Mars Metal
- Max Iron
- Messerschmidt Industriedesign
- Shanxi Huaxiang Group Co. Ltd.
- Sic Lazaro
- Sic Lazaro Industrial
- Sic Lazaro Polska
- So Me Fer Srl
- Tenwinkel GmbH & Co. Kg
- Ultraray Metals
- Valsusa Sas
- Vietnam Cast Iron
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | July 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 6.7 Billion |
| Forecasted Market Value ( USD | $ 8.5 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
