Handling and Lifting Equipment Market

“Global Handling and Lifting Equipment Market: 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. Handling and lifting equipment refers to mechanical tools that assist in moving, lifting, and lowering heavy goods and materials between warehouses and factories. They include overhead cranes and supporting runways, forklifts, conveyor systems, and hoists that help reduce the workload and human errors in various industrial processes. They also assist in reducing the chances of workers suffering from back sprains, muscle pulls, wrist injuries, elbow injuries, spinal injuries, and other injuries caused by lifting heavy objects. As a result, handling and lifting equipment are extensively used in storing, moving, protecting, monitoring, and lifting products throughout the manufacturing, distribution, and transportation processes.

The growing global population is resulting in the rising need for construction activities. This represents one of the key factors positively influencing the market. Rapid urbanization and industrialization are also catalyzing the demand for industrial handling and lifting equipment. In addition, substantial growth in the aerospace, agriculture, and automotive industries is creating a positive outlook for the market. These industries are using next-generation automated material handling equipment to modernize manufacturing processes, improve flexibility in warehouse operations, minimize accident cases, and enhance transparency in the supply chain. Apart from this, the escalating demand for industrial trucks, cranes, lifting equipment, conveyor belts, pulley systems, and storage systems from mining, automotive, food and beverage (F&B), and oil and gas industries are offering lucrative growth opportunities to manufacturers. Along with this, increasing national and international trade and the burgeoning material transit industries involve industrial lifting equipment for loading, unloading, and stacking, which is augmenting the market growth. Furthermore, the flourishing e-commerce industry is catalyzing the demand for handling and lifting equipment, which, in turn, is propelling the market growth. Moreover, increasing investments by leading manufacturers in research and development (R&D) activities to introduce customized and technologically advanced product variants, along with the automation in the supply chains, are anticipated to drive the market.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the handling and lifting equipment market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the handling and lifting equipment market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the handling and lifting equipment market in detail for the latest trends, outlook, and opportunities.

The report analyses the competitive structure of the handling and lifting equipment industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the handling and lifting equipment industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the handling and lifting equipment industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the handling and lifting equipment industry. Furthermore, the value chain analysis of the handling and lifting equipment industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales, and distribution. 

Key Segments and Highlights of the Global Handling and Lifting Equipment Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the handling and lifting equipment industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.