Industrial Lifting Equipment Market Growth : Share, Value, Size,...

Industrial Lifting Equipment Market Growth : Share, Value, Size, Trends and Insights

Posted 2025-05-12 17:11:21

Industrial Lifting Equipment Market Size, Share, and Trends Analysis Report—Industry Overview and Forecast to 2032

According to Data Bridge Market Research firms, the Heavy-Duty Hoisting Market is set to achieve robust growth, supported by emerging economies and digital transformation. Companies operating in the Material Handling Equipment Market are leveraging advanced technologies to enhance productivity and meet consumer expectations. The demand for customized solutions is rising, further driving expansion in the Construction Lifting Machinery Market. Leading industry players are focusing on research-backed strategies to strengthen their market position. As competition intensifies, businesses in the Overhead Cranes and Hoists Market are utilizing detailed market research reports to understand shifting trends, consumer behavior, and future opportunities in the Warehouse Lifting Solutions Market.

The Industrial Lifting Equipment Market is poised for significant growth, with a market outlook highlighting substantial growth potential driven by emerging opportunities in key sectors. This report provides strategic insights, demand dynamics, and revenue projections, offering a comprehensive view of the future landscape, technology disruptions, and adoption trends shaping the industry’s ecosystem evaluation. According to Data Bridge Market Research Global industrial lifting equipment market size was valued at USD 85.21 billion in 2024 and is projected to reach USD 123.99 billion by 2032, with a CAGR of 4.80% during the forecast period of 2025 to 2032.

Leading market research reports highlight the growing use of advanced solutions in the Forklift and Hydraulic Lift Market to improve efficiency and sustainability. Businesses are adapting to regulations, integrating technology, and refining their strategies to stay competitive in the Aerial Work Platforms Market. The rise of digital transformation has reshaped the Load Handling Systems Market, pushing companies to invest in automation and smarter business models. With demand rising, companies in the Pneumatic and Hydraulic Hoists Market are focusing on innovation and customer engagement to stand out. As the industry expands, the Electric Chain Hoists Market presents endless possibilities for businesses ready to embrace change.

Our comprehensive Industrial Lifting Equipment Market report is ready with the latest trends, growth opportunities, and strategic analysis. https://www.databridgemarketresearch.com/reports/global-industrial-lifting-equipment-market

**Segments**

- Based on product type, the industrial lifting equipment market can be segmented into cranes, forklifts, hoists, conveyors, and others. Cranes are further categorized into overhead cranes, gantry cranes, and jib cranes. Forklifts can be classified into electric forklifts, diesel forklifts, and gas-powered forklifts. Hoists are divided into wire rope hoists, chain hoists, and electric hoists. Conveyors include belt conveyors, roller conveyors, and overhead conveyors, among others. The demand for different types of lifting equipment varies based on the industry requirements and lifting capacities.

- By application, the industrial lifting equipment market is segmented into construction, manufacturing, logistics & shipping, automotive, aerospace, and others. The construction sector is a significant consumer of lifting equipment for material handling and construction activities. In the manufacturing industry, lifting equipment is essential for production processes and assembly line operations. The logistics & shipping sector relies on lifting equipment for loading and unloading goods efficiently. Automotive and aerospace industries also use specialized lifting equipment for handling heavy components and machinery.

- On the basis of end-user, the industrial lifting equipment market can be categorized into construction, manufacturing, oil & gas, automotive, shipping & logistics, and others. Each end-user segment has specific requirements for lifting equipment based on operational needs and safety standards. The construction and manufacturing sectors are major contributors to the market due to the high demand for material handling solutions. The oil & gas industry requires robust lifting equipment for offshore operations, while the automotive sector needs precision lifting for assembly processes.

**Market Players**

- Some of the key players in the global industrial lifting equipment market include Konecranes, Terex Corporation, Liebherr-International AG, Columbus McKinnon Corporation, Ingersoll Rand, Toyota Industries Corporation, Manitowoc Company Inc., KITO Corporation, Cargotec, and Gorbel Inc. TheseThe industrial lifting equipment market is highly competitive with several key players vying for market share and striving for innovation to stay ahead in the industry. Konecranes is a prominent player known for its expertise in crane technology and material handling solutions. Terex Corporation offers a wide range of lifting equipment catering to various industries globally. Liebherr-International AG is a well-established player known for its high-quality construction and mining equipment, including cranes. Columbus McKinnon Corporation specializes in hoists and lifting solutions, providing a comprehensive range of products for different applications. Ingersoll Rand is a leading provider of industrial equipment, including lifting solutions and air compressors. Toyota Industries Corporation is a major player in the forklift market, offering a diverse range of material handling equipment. Manitowoc Company Inc. is renowned for its crane and lifting solutions used in construction and infrastructure projects. KITO Corporation is a Japanese manufacturer of hoists and cranes, known for its precision and reliability. Cargotec is a global player offering cargo and load handling solutions, including industrial lifting equipment. Gorbel Inc. specializes in ergonomic lifting solutions, providing a range of overhead cranes and workstation lifting systems to enhance workplace efficiency.

These market players compete based on factors such as product quality, innovation, price, distribution network, and after-sales service. They invest heavily in research and development to introduce advanced lifting equipment with improved efficiency, safety features, and automation capabilities. Strategic partnerships, mergers, and acquisitions are common strategies adopted by these players to expand their product offerings and geographic presence. Moreover, focusing on sustainability and environmental initiatives has become a key differentiator for companies looking to attract environmentally conscious customers and align with global sustainability goals.

The industrial lifting equipment market is influenced by several factors such as economic conditions, industrial growth, technological advancements, safety regulations, and infrastructure development. The increasing focus on workplace safety and the adoption of automation and connected technologies are driving the demand for advanced lifting equipment that can enhance productivity and efficiency in various**Market Players**

- Anhui Heli Co., Ltd. (China)
- HAULOTTE GROUP (France)
- Ingersoll-Rand (US)
- SSAB (Sweden)
- Zoomlion Heavy Industry Science&Technology Co., Ltd. (China)
- Hyster-Yale Materials Handling, Inc. (US)
- PALFINGER AG (Austria)
- Cargotec Corporation (Finland)
- Columbus McKinnon Corporation (US)
- TOYOTA INDUSTRIES CORPORATION (Japan)
- KITO CORPORATION (Japan)
- XCMG Group (China)
- Linamar (Canada)
- Terex Corporation (US)
- Jungheinrich AG (Germany)
- Liebherr Group (Germany)
- Konecranes (Finland)
- Manitowoc (US)
- Tadano Ltd. (Japan)
- Crown Equipment Corporation (US)
- Mammoet (Netherlands)
- Komatsu Ltd. (Japan)
- MITSUBISHI LOGISNEXT CO.,LTD (Japan)

The industrial lifting equipment market is characterized by a highly competitive landscape with a multitude of key players striving for market dominance. These market players are continuously engaged in innovation, quality enhancement, and customer service improvement to gain a competitive edge. Companies like Konecranes, Terex Corporation, and Liebherr-International AG are recognized for their expertise and high-quality products in the industrial lifting equipment sector. In addition, players such

The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Industrial Lifting Equipment Market : https://www.databridgemarketresearch.com/reports/global-industrial-lifting-equipment-market/companies

Key Questions Answered by the Global Industrial Lifting Equipment Market Report:

How will the increasing adoption of Industrial Lifting Equipment Market in high-performance computing impact the overall market growth?
How much is the global Industrial Lifting Equipment Market worth? What was the market value in 2024?
Who are the major players operating in the Industrial Lifting Equipment Market? Which companies are the front runners?
Which recent industry trends can be implemented to generate additional revenue streams?
How will AI, IoT, and 5G advancements influence the Industrial Lifting Equipment Market in the next five years?
What are the key drivers fueling the growth of the Industrial Lifting Equipment Market?
What are the major challenges and barriers faced by the Industrial Lifting Equipment Market?
How is technological innovation shaping the future of Industrial Lifting Equipment Market products?
What is the impact of government regulations and policies on the Industrial Lifting Equipment Market?
How do supply chain disruptions affect the Industrial Lifting Equipment Market?
What are the regional differences in demand for Industrial Lifting Equipment Market products?
How do revenue streams vary across different sectors of the Industrial Lifting Equipment Market?
What role does technology play in enhancing growth and efficiency in the Industrial Lifting Equipment Market?