How Big is the Lifting Equipment Market | Value, Demand & Future Trends 2025

What is the size of Lifting Equipment Market?

Lifting Equipment Market is expanding its landscape driven by rapid growth of construction and infrastructure projects, rising demand for material handling in manufacturing sectors, and increasing safety regulations driving the adoption of advanced lifting machinery.

Key Growth Drivers of the Lifting Equipment Market

• Developments of construction and infrastructure development in emerging economies
• Rising industrial automation in manufacturing and logistics
• Growing adoption of advanced and energy-efficient lifting solutions
• Strict workplace safety and operational efficiency regulations
• Expansion of ports, warehouses, and mining activities worldwide

Lifting Equipment Market Trends

Lifting equipment market is moving forward with growing shift towards smart, connected machinery which are integrated with IoT sensors for predictive maintenance and remote monitoring. Excluding these, electric and hybrid lifting solutions are gaining popularity due to environmental regulations. Further, modular and customizable lifting systems are increasingly used to meet specific industry requirements. These trends are together reshaping the dynamics of the market.

Emerging Developments in the Lifting Equipment Market

Lifting equipment market is seeing developments with automated lifting cranes and hoists are being deployed in smart factories and logistics hubs. Other developments are observed in the market include lightweight yet high-strength materials are being used to improve equipment efficiency. Augmented reality-based operator training systems are emerging to improve safety. Further, the offshore and marine industries are adopting specialized lifting equipment for harsh environments.

List of Leading Companies in the Lifting Equipment Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Konecranes Plc

This company provides the broader range of cranes, hoists, and lifting equipment with smart features for industrial applications.

2. Terex Corporation

This company manufactures lifting and material handling solutions including tower cranes, mobile cranes, and aerial platforms.

3. JCB Ltd.

This company provides lifting and construction machinery that include telehandlers, backhoe loaders, and excavators.

4. Toyota Industries Corporation

This company delivers multiple tools related to lifting such as forklifts, material handling equipment, and automated warehouse solutions globally.

5. Liebherr Group

This company develops the different types of tools which cater to consumers include heavy-duty lifting equipment for construction, mining, and maritime sectors.

6. Columbus McKinnon Corporation

This company is one of the oldest companies who specializes in hoists, cranes, rigging products, and digital lifting solutions.

7. Zoomlion Heavy Industry Science & Technology Co., Ltd.

This company manufactures lifting machinery which include tower cranes, truck cranes, and aerial work platforms.

8. Manitowoc Company, Inc.

This company manufactures gigantic machinery such as cranes and lifting solutions for construction and industrial applications.

How Big is the Lifting Equipment Market : FAQs