| Product Code: ETC5191280 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The industrial lifting equipment import shipments to Cyprus in 2024 continued to see significant growth, with a high concentration of imports from top exporting countries such as China, Germany, Austria, Netherlands, and the UK. The Herfindahl-Hirschman Index (HHI) indicated a substantial increase in market concentration from 2023 to 2024, reflecting a more competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 7.76%, with an impressive growth rate of 51.91% in 2024 alone, showcasing the strong demand for industrial lifting equipment in Cyprus.

The industrial lifting equipment market in Cyprus caters to industries such as construction, logistics, and manufacturing. Lifting equipment, including cranes and hoists, is essential for moving heavy materials and machinery. The growing infrastructure development and industrial expansion in Cyprus are driving demand for advanced lifting solutions.
The industrial lifting equipment market in Cyprus is driven by the need for efficient material handling solutions in sectors such as construction, logistics, and manufacturing. Lifting equipment, including cranes, hoists, and forklifts, enhances workplace safety and productivity. The growing focus on automation and the increasing use of advanced lifting technologies are key drivers of this market.
Challenges in the industrial lifting equipment market include the need for adherence to safety regulations and standards, which can vary across sectors. Manufacturers must invest heavily in R&D to produce equipment that meets these stringent guidelines while remaining cost-effective. Furthermore, fluctuating demand due to economic conditions can create market volatility, making it difficult for businesses to maintain stable operations.
The industrial lifting equipment market in Cyprus is growing as industries prioritize safety and efficiency in material handling. Government support for manufacturing innovation and compliance with international safety standards enhances the market`s competitiveness. Regulations focusing on product quality and safety are crucial for ensuring reliable operation in various industrial applications.
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 Cyprus Industrial Lifting Equipment Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Industrial Lifting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Industrial Lifting Equipment Market - Industry Life Cycle |
3.4 Cyprus Industrial Lifting Equipment Market - Porter's Five Forces |
3.5 Cyprus Industrial Lifting Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Industrial Lifting Equipment Market Revenues & Volume Share, By Mechanism Involved, 2021 & 2031F |
3.7 Cyprus Industrial Lifting Equipment Market Revenues & Volume Share, By Nature Of Installation, 2021 & 2031F |
3.8 Cyprus Industrial Lifting Equipment Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
4 Cyprus Industrial Lifting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Industrial Lifting Equipment Market Trends |
6 Cyprus Industrial Lifting Equipment Market Segmentations |
6.1 Cyprus Industrial Lifting Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Lifts, 2021-2031F |
6.1.3 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Fork Lifts, 2021-2031F |
6.1.4 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Hoists, 2021-2031F |
6.1.5 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Stackers, 2021-2031F |
6.1.6 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Pallet Trucks, 2021-2031F |
6.1.7 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Robotic Arms, 2021-2031F |
6.2 Cyprus Industrial Lifting Equipment Market, By Mechanism Involved |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.4 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.5 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Magnetic, 2021-2031F |
6.2.6 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Scissor Lifts , 2021-2031F |
6.3 Cyprus Industrial Lifting Equipment Market, By Nature Of Installation |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Overhead, 2021-2031F |
6.3.3 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Fulcrum, 2021-2031F |
6.3.4 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Vehicle Mounted, 2021-2031F |
6.4 Cyprus Industrial Lifting Equipment Market, By Application Area |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Manufacturing Industry, 2021-2031F |
6.4.3 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Process Industry, 2021-2031F |
6.4.4 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Shipping Dockyards, 2021-2031F |
6.4.5 Cyprus Industrial Lifting Equipment Market Revenues & Volume, By Warehouses, 2021-2031F |
7 Cyprus Industrial Lifting Equipment Market Import-Export Trade Statistics |
7.1 Cyprus Industrial Lifting Equipment Market Export to Major Countries |
7.2 Cyprus Industrial Lifting Equipment Market Imports from Major Countries |
8 Cyprus Industrial Lifting Equipment Market Key Performance Indicators |
9 Cyprus Industrial Lifting Equipment Market - Opportunity Assessment |
9.1 Cyprus Industrial Lifting Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Industrial Lifting Equipment Market Opportunity Assessment, By Mechanism Involved, 2021 & 2031F |
9.3 Cyprus Industrial Lifting Equipment Market Opportunity Assessment, By Nature Of Installation, 2021 & 2031F |
9.4 Cyprus Industrial Lifting Equipment Market Opportunity Assessment, By Application Area, 2021 & 2031F |
10 Cyprus Industrial Lifting Equipment Market - Competitive Landscape |
10.1 Cyprus Industrial Lifting Equipment Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Industrial Lifting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |