| Product Code: ETC13375213 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Industrial Lifting Equipment Market was valued at USD 65.8 Billion in 2024 and is expected to reach USD 92.4 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).
The Global Industrial Lifting Equipment Market is experiencing steady growth due to increasing demand from various industries such as construction, manufacturing, and automotive. The market is driven by the need for efficient material handling solutions to enhance productivity and workplace safety. Technological advancements in lifting equipment, such as automation and integration of IoT capabilities, are also contributing to market expansion. North America and Europe are prominent regions in terms of market share, while emerging economies in Asia Pacific are witnessing rapid growth in demand for industrial lifting equipment. Key players in the market are focusing on product innovations and strategic partnerships to maintain competitiveness and capitalize on the growing opportunities in the global industrial lifting equipment market.
The Global Industrial Lifting Equipment Market is experiencing steady growth driven by increasing demand from sectors such as construction, manufacturing, and transportation. Key trends in the market include the adoption of technologically advanced lifting equipment such as electric chain hoists and intelligent lifting devices to improve efficiency and safety. There is also a growing emphasis on sustainability, leading to the development of eco-friendly lifting solutions. Opportunities in the market lie in the expansion of infrastructure projects globally, particularly in emerging economies, and the rising need for automation and mechanization in various industries. Additionally, the integration of Internet of Things (IoT) and predictive maintenance technologies in lifting equipment is expected to create new avenues for growth and innovation in the market.
The Global Industrial Lifting Equipment Market faces several challenges including intense competition among key players leading to pricing pressures, stringent regulations and standards governing the manufacturing and operation of lifting equipment, and the high initial investment required for the purchase and maintenance of specialized lifting machinery. Additionally, the market is susceptible to economic fluctuations and geopolitical uncertainties which can impact the demand for industrial lifting equipment across different regions. Technological advancements and the increasing focus on automation and safety features also present challenges as manufacturers need to continuously innovate to meet evolving customer needs and preferences. Overall, navigating these challenges requires companies in the industrial lifting equipment market to maintain a balance between innovation, cost-efficiency, and regulatory compliance to stay competitive in the global market landscape.
The Global Industrial Lifting Equipment Market is primarily driven by the increasing demand for material handling solutions across various industries such as construction, manufacturing, and logistics. The need for efficient and safe lifting equipment to handle heavy loads and improve operational efficiency is fueling market growth. Additionally, stringent safety regulations and standards mandating the use of certified lifting equipment in workplaces are propelling market demand. Technological advancements, such as the integration of IoT and automation in lifting equipment to enhance productivity and reduce manual labor, are also driving market expansion. Moreover, the rising trend of rental services for lifting equipment and the growing focus on sustainable and eco-friendly lifting solutions are contributing factors to the market`s growth trajectory.
Government policies related to the Global Industrial Lifting Equipment Market typically focus on safety regulations, equipment standards, and environmental sustainability. These policies aim to ensure the safety of workers using lifting equipment, promote the use of high-quality and reliable equipment, and encourage the adoption of energy-efficient and environmentally friendly technologies. Governments around the world often require manufacturers and operators to comply with specific standards and certifications to ensure the proper functioning and safety of industrial lifting equipment. Additionally, some countries may offer incentives or subsidies for companies that invest in advanced lifting equipment technologies that align with environmental objectives, such as reducing carbon emissions or promoting renewable energy sources. Overall, government policies play a crucial role in shaping the industrial lifting equipment market by balancing safety, quality, and sustainability considerations.
The Global Industrial Lifting Equipment Market is projected to experience steady growth in the coming years, driven by the increasing adoption of automation and technological advancements in the industrial sector. The market is expected to benefit from rising demand for efficient material handling solutions across various industries such as manufacturing, construction, and logistics. Additionally, stringent safety regulations and the emphasis on worker safety are likely to boost the demand for industrial lifting equipment globally. Emerging trends such as the integration of IoT and AI technologies in lifting equipment are expected to further drive market growth by enhancing efficiency and productivity. Overall, the industrial lifting equipment market is poised for expansion as industries continue to prioritize operational efficiency and safety in their operations.
In the Global Industrial Lifting Equipment Market, Asia Pacific is expected to witness significant growth due to rapid industrialization and infrastructure development in countries like China and India. North America is projected to maintain a strong market presence, driven by the robust manufacturing sector and the adoption of advanced lifting technologies. In Europe, strict safety regulations and the emphasis on workplace safety are driving the demand for industrial lifting equipment. The Middle East and Africa region is experiencing growth in the construction and oil & gas industries, leading to an increased demand for lifting equipment. Latin America is also showing promising growth opportunities, particularly in the mining and construction sectors, as these industries continue to expand in the region.
Global Industrial Lifting Equipment Market |
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 Global Industrial Lifting Equipment Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Industrial Lifting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Global Industrial Lifting Equipment Market - Industry Life Cycle |
3.4 Global Industrial Lifting Equipment Market - Porter's Five Forces |
3.5 Global Industrial Lifting Equipment Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Industrial Lifting Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Industrial Lifting Equipment Market Revenues & Volume Share, By Mechanism Involved, 2021 & 2031F |
3.8 Global Industrial Lifting Equipment Market Revenues & Volume Share, By Nature Of Installation, 2021 & 2031F |
3.9 Global Industrial Lifting Equipment Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
4 Global Industrial Lifting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Industrial Lifting Equipment Market Trends |
6 Global Industrial Lifting Equipment Market, 2021 - 2031 |
6.1 Global Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Industrial Lifting Equipment Market, Revenues & Volume, By Lifts, 2021 - 2031 |
6.1.3 Global Industrial Lifting Equipment Market, Revenues & Volume, By Fork Lifts, 2021 - 2031 |
6.1.4 Global Industrial Lifting Equipment Market, Revenues & Volume, By Hoists, 2021 - 2031 |
6.1.5 Global Industrial Lifting Equipment Market, Revenues & Volume, By Stackers, 2021 - 2031 |
6.1.6 Global Industrial Lifting Equipment Market, Revenues & Volume, By Pallet Trucks, 2021 - 2031 |
6.1.7 Global Industrial Lifting Equipment Market, Revenues & Volume, By Robotic Arms, 2021 - 2031 |
6.2 Global Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Industrial Lifting Equipment Market, Revenues & Volume, By Hydraulic, 2021 - 2031 |
6.2.3 Global Industrial Lifting Equipment Market, Revenues & Volume, By Pneumatic, 2021 - 2031 |
6.2.4 Global Industrial Lifting Equipment Market, Revenues & Volume, By Electrical, 2021 - 2031 |
6.2.5 Global Industrial Lifting Equipment Market, Revenues & Volume, By Magnetic, 2021 - 2031 |
6.2.6 Global Industrial Lifting Equipment Market, Revenues & Volume, By Scissor Lifts , 2021 - 2031 |
6.3 Global Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Industrial Lifting Equipment Market, Revenues & Volume, By Overhead, 2021 - 2031 |
6.3.3 Global Industrial Lifting Equipment Market, Revenues & Volume, By Fulcrum, 2021 - 2031 |
6.3.4 Global Industrial Lifting Equipment Market, Revenues & Volume, By Vehicle Mounted, 2021 - 2031 |
6.4 Global Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Industrial Lifting Equipment Market, Revenues & Volume, By Manufacturing Industry, 2021 - 2031 |
6.4.3 Global Industrial Lifting Equipment Market, Revenues & Volume, By Process Industry, 2021 - 2031 |
6.4.4 Global Industrial Lifting Equipment Market, Revenues & Volume, By Shipping Dockyards, 2021 - 2031 |
6.4.5 Global Industrial Lifting Equipment Market, Revenues & Volume, By Warehouses, 2021 - 2031 |
7 North America Industrial Lifting Equipment Market, Overview & Analysis |
7.1 North America Industrial Lifting Equipment Market Revenues & Volume, 2021 - 2031 |
7.2 North America Industrial Lifting Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
7.5 North America Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
7.6 North America Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
8 Latin America (LATAM) Industrial Lifting Equipment Market, Overview & Analysis |
8.1 Latin America (LATAM) Industrial Lifting Equipment Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Industrial Lifting Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
8.5 Latin America (LATAM) Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
8.6 Latin America (LATAM) Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
9 Asia Industrial Lifting Equipment Market, Overview & Analysis |
9.1 Asia Industrial Lifting Equipment Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Industrial Lifting Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
9.5 Asia Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
9.6 Asia Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
10 Africa Industrial Lifting Equipment Market, Overview & Analysis |
10.1 Africa Industrial Lifting Equipment Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Industrial Lifting Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
10.5 Africa Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
10.6 Africa Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
11 Europe Industrial Lifting Equipment Market, Overview & Analysis |
11.1 Europe Industrial Lifting Equipment Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Industrial Lifting Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
11.5 Europe Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
11.6 Europe Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
12 Middle East Industrial Lifting Equipment Market, Overview & Analysis |
12.1 Middle East Industrial Lifting Equipment Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Industrial Lifting Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Industrial Lifting Equipment Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Industrial Lifting Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Industrial Lifting Equipment Market, Revenues & Volume, By Mechanism Involved, 2021 - 2031 |
12.5 Middle East Industrial Lifting Equipment Market, Revenues & Volume, By Nature Of Installation, 2021 - 2031 |
12.6 Middle East Industrial Lifting Equipment Market, Revenues & Volume, By Application Area, 2021 - 2031 |
13 Global Industrial Lifting Equipment Market Key Performance Indicators |
14 Global Industrial Lifting Equipment Market - Export/Import By Countries Assessment |
15 Global Industrial Lifting Equipment Market - Opportunity Assessment |
15.1 Global Industrial Lifting Equipment Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Industrial Lifting Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Industrial Lifting Equipment Market Opportunity Assessment, By Mechanism Involved, 2021 & 2031F |
15.4 Global Industrial Lifting Equipment Market Opportunity Assessment, By Nature Of Installation, 2021 & 2031F |
15.5 Global Industrial Lifting Equipment Market Opportunity Assessment, By Application Area, 2021 & 2031F |
16 Global Industrial Lifting Equipment Market - Competitive Landscape |
16.1 Global Industrial Lifting Equipment Market Revenue Share, By Companies, 2024 |
16.2 Global Industrial Lifting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |