Handling and Lifting Equipment Market to Grow 10.57% CAGR to 2020 says a New Research Report
Global Handling and Lifting Equipment Market 2016-2020 research report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Handling equipment is used in the transportation and storage of materials and assemblies. Material handling activities start from the unloading of goods to the transfer of these goods into storage, assembly, packaging, and finally loading for transportation. Handling equipment must be designed based on the various stages of production.
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The analysts forecast the global handling and lifting equipment market to grow at a CAGR of 10.57% during the period 2016-2020.
Lifting activities consider factors such as lift radius, machine capacity at a given range, wind speed, and ground conditions. Lifting equipment has developed in terms of carrying capacity. Advanced equipment can perform complicated tasks with relative ease of movement, especially when compared to the traditional handling and lifting equipment.
The handling and storing of materials involve various processes like hoisting a large number of steel with a crane, transporting a truck loaded with concrete blocks, and piling stacked bricks and other materials such as drums, barrels, and lumber.
Covered in this report
This report covers the present scenario and the growth prospects of the global handling and lifting equipment market during 2016-2020. To calculate the market size, the report considers the revenue generated from sales of handling and lifting equipment across the globe.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Key vendors
- Komatsu Ltd.
- Konecranes plc
- Liebherr Group
- Terex
Other prominent vendors
- American Crane
- and Equipment
- Cargotec
- Escorts Construction Equipment
- Haulotte (Pinguely-Haulotte)
- Manitex International
- Manitowoc Cranes
- Sany Group
- Shandong Dahan Construction Machinery
- Tadano
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Market driver
- Increased construction of high-rises
Market challenge
- Need for continuous support and maintenance
Market trend
- Emergence of new handling and lifting equipment
