| Product Code: ETC5191254 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for industrial lifting equipment experienced a decline with a growth rate of -9.98% from 2023 to 2024. However, the compound annual growth rate (CAGR) for 2020-2024 stood at a robust 35.06%. This dip in import momentum can be attributed to shifts in demand dynamics or potential changes in trade policies affecting market stability.
The industrial lifting equipment market includes devices used to lift and move heavy materials and machinery. This market encompasses cranes, hoists, forklifts, and other equipment vital for construction, logistics, and manufacturing operations.
Growth in manufacturing, logistics, and construction sectors drives demand for industrial lifting equipment. Technological advancements in lifting capacity, safety features, and automation for enhanced efficiency are key drivers. Regulatory standards for equipment safety and ergonomic considerations further stimulate market growth.
Challenges in the industrial lifting equipment market include ensuring equipment safety and reliability, compliance with lifting standards and regulations, and adapting to diverse industrial applications from construction to manufacturing.
Armenias government is focusing on workplace safety and efficiency through policies that support the industrial lifting equipment market. This includes incentives for companies investing in lifting technology, regulatory frameworks to ensure equipment safety and performance, and partnerships with international manufacturers to enhance product innovation and market competitiveness.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Industrial Lifting Equipment Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Industrial Lifting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Industrial Lifting Equipment Market - Industry Life Cycle |
3.4 Armenia Industrial Lifting Equipment Market - Porter's Five Forces |
3.5 Armenia Industrial Lifting Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Industrial Lifting Equipment Market Revenues & Volume Share, By Mechanism Involved, 2021 & 2031F |
3.7 Armenia Industrial Lifting Equipment Market Revenues & Volume Share, By Nature Of Installation, 2021 & 2031F |
3.8 Armenia Industrial Lifting Equipment Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
4 Armenia Industrial Lifting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Armenia Industrial Lifting Equipment Market Trends |
6 Armenia Industrial Lifting Equipment Market Segmentations |
6.1 Armenia Industrial Lifting Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Lifts, 2021-2031F |
6.1.3 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Fork Lifts, 2021-2031F |
6.1.4 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Hoists, 2021-2031F |
6.1.5 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Stackers, 2021-2031F |
6.1.6 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Pallet Trucks, 2021-2031F |
6.1.7 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Robotic Arms, 2021-2031F |
6.2 Armenia Industrial Lifting Equipment Market, By Mechanism Involved |
6.2.1 Overview and Analysis |
6.2.2 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.4 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.5 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Magnetic, 2021-2031F |
6.2.6 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Scissor Lifts , 2021-2031F |
6.3 Armenia Industrial Lifting Equipment Market, By Nature Of Installation |
6.3.1 Overview and Analysis |
6.3.2 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Overhead, 2021-2031F |
6.3.3 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Fulcrum, 2021-2031F |
6.3.4 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Vehicle Mounted, 2021-2031F |
6.4 Armenia Industrial Lifting Equipment Market, By Application Area |
6.4.1 Overview and Analysis |
6.4.2 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Manufacturing Industry, 2021-2031F |
6.4.3 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Process Industry, 2021-2031F |
6.4.4 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Shipping Dockyards, 2021-2031F |
6.4.5 Armenia Industrial Lifting Equipment Market Revenues & Volume, By Warehouses, 2021-2031F |
7 Armenia Industrial Lifting Equipment Market Import-Export Trade Statistics |
7.1 Armenia Industrial Lifting Equipment Market Export to Major Countries |
7.2 Armenia Industrial Lifting Equipment Market Imports from Major Countries |
8 Armenia Industrial Lifting Equipment Market Key Performance Indicators |
9 Armenia Industrial Lifting Equipment Market - Opportunity Assessment |
9.1 Armenia Industrial Lifting Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Industrial Lifting Equipment Market Opportunity Assessment, By Mechanism Involved, 2021 & 2031F |
9.3 Armenia Industrial Lifting Equipment Market Opportunity Assessment, By Nature Of Installation, 2021 & 2031F |
9.4 Armenia Industrial Lifting Equipment Market Opportunity Assessment, By Application Area, 2021 & 2031F |
10 Armenia Industrial Lifting Equipment Market - Competitive Landscape |
10.1 Armenia Industrial Lifting Equipment Market Revenue Share, By Companies, 2024 |
10.2 Armenia Industrial Lifting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |