Construction Lifter Market Trends and Forecast
The future of the global construction lifter market looks promising with opportunities in the OEM and repair & maintenance markets. The global construction lifter market is expected to grow with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are increasing demand for tall buildings and skyscrapers, growing urbanization and infrastructure development, and technological advancements in lifters improving efficiency, safety, and lifting capacities in construction operations.
• Lucintel forecasts that fixed lifter is expected to witness higher growth over the forecast period.
• Within this market, OEM is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Lifter Market
• United States - US construction firms are investing in advanced aerial work platforms for high-rise construction. Government targets include safety regulations for lifters to enhance workplace safety.
• China - Chinese companies are developing electric-powered construction lifters to reduce emissions. Government initiatives promote technological innovation in construction equipment to support sustainable development goals.
• Germany - German manufacturers are integrating IoT and automation in lifters for enhanced productivity. Companies target reducing construction timelines with smart lifter solutions. Government supports digitalization in construction through funding for innovation projects.
• United Arab Emirates - UAE construction companies are adopting heavy-duty lifters for mega-projects like skyscrapers. Government targets include infrastructure development with incentives for using advanced lifters to accelerate construction timelines.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Lifter Market by Segment
The study includes a forecast for the global construction lifter market by type, application, and region.
Construction Lifter Market by Type [Value from 2018 to 2030]:
• Fixed Lifters
• Truck-Mounted Lifters
Construction Lifter Market by Application [Value from 2018 to 2030]:
• OEM
• Repair & Maintenance
Construction Lifter Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Lifter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction lifter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction lifter companies profiled in this report include-
• GEDA
• Acme Construction Supply
• Mix Well
• Cosmos Construction Machineries and Equipment
• Lokpal Industries
Recent Development in the Construction Lifter Market
• JLG Industries : JLG Industries introduced a new line of telescopic boom lifters with enhanced reach and maneuverability for construction and maintenance applications in high-rise buildings.
• Genie Industries : Genie Industries launched a series of hybrid-powered scissor lifters designed for indoor and outdoor construction projects, offering reduced fuel consumption and lower emissions.
• Haulotte Group : Haulotte Group developed a range of compact crawler lifters for accessing difficult terrain on construction sites, providing versatility and stability in various construction applications.
• Skyjack : Skyjack expanded its fleet of articulating boom lifters with models featuring advanced control systems for improved operator safety and efficiency in construction operations.
Features of the Global Construction Lifter Market
Market Size Estimates: Construction lifter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction lifter market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction lifter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction lifter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction lifter market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction lifter market?
Answer: The global construction lifter market is expected to grow with a CAGR of 6.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction lifter market?
Answer: The major drivers for this market are increasing demand for tall buildings and skyscrapers, growing urbanization and infrastructure development and technological advancements in lifters improving efficiency, safety, and lifting capacities in construction operations.
Q3. What are the major segments for construction lifter market?
Answer: The future of the construction lifter market looks promising with opportunities in the OEM and repair & maintenance markets.
Q4. Who are the key construction lifter market companies?
Answer: Some of the key construction lifter companies are as follows:
• GEDA
• Acme Construction Supply
• Mix Well
• Cosmos Construction Machineries and Equipment
• Lokpal Industries
Q5. Which construction lifter market segment will be the largest in future?
Answer: Lucintel forecasts that fixed lifter is expected to witness higher growth over the forecast period.
Q6. In construction lifter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction lifter market by type (fixed lifters and truck-mounted lifters), application (OEM and repair & maintenance), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Lifter Market, Construction Lifter Market Size, Construction Lifter Market Growth, Construction Lifter Market Analysis, Construction Lifter Market Report, Construction Lifter Market Share, Construction Lifter Market Trends, Construction Lifter Market Forecast, Construction Lifter Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.