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Published: Oct 15, 2025
ID: 2505186
135 Pages
Industrial Lifting
Equipment

Industrial Lifting Equipment Market - Global Growth Opportunities 2019-2031

Global Industrial Lifting Equipment Market is segmented by Application (Manufacturing, Construction, Warehousing, Logistics), Type (Cranes, Hoists, Lifts, Forklifts, Conveyors), and Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Report ID:
HTF2505186
Published:
CAGR:
7.50%
Market Size (2023):
$15Billion
Forecast (2031):
$25Billion

Pricing

Report Overview

Industry Overview


The Industrial Lifting Equipment is at 15Billion in 2023 and is expected to reach 25Billion by 2031. The Industrial Lifting Equipment is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade. Hyster-Yale Material Handling (United States), Oshkosh (United States), Toyota Industries (Japan), KION Group (Germany), Linamar (Canada), Konecranes (Finland), Cargotec (Finland), Terex (United States), Tadano (Japan), Liebherr (Switzerland) and others are some of the key players in the market.

Industrial lifting equipment is any work equipment used for lifting and lowering loads. It includes jacks, blocks and tackle, hoists, rotating screws and others. In every industry lifting equipment is necessary for lifting purposes. This equipment reduces human efforts and time by lifting anything and placing it wherever desired.

Industrial Lifting Equipment Market GROWTH TREND 2023

Source: HTF Market Intelligence (HTF MI)

Key Players


Several key players in the Industrial Lifting Equipment market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 5%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. 
  • Hyster-Yale Material Handling (United States)
  • Oshkosh (United States)
  • Toyota Industries (Japan)
  • KION Group (Germany)
  • Linamar (Canada)
  • Konecranes (Finland)
  • Cargotec (Finland)
  • Terex (United States)
  • Tadano (Japan)
  • Liebherr (Switzerland)
Industrial Lifting Equipment Competition Analysis of Hyster-Yale Material Handling (United States), Oshkosh (United States), Toyota Industries (Japan), KION Group (Germany), Linamar (Canada), Konecranes (Finland), Cargotec (Finland), Terex (United States), Tadano (Japan), Liebherr (Switzerland)

Industrial Lifting Equipment Market Dynamics Highlights


Key Highlights

  • The Industrial Lifting Equipment is growing at a 7.50% during the forecasted period of 2019 to 2031
  • Based on type, the market is bifurcated into Cranes, Hoists, Lifts, Forklifts, Conveyors
  • Based on application, the market is segmented into Manufacturing, Construction, Warehousing, Logistics
  • Global import/export in terms of K tons, K units, and metric tons will be provided if applicable based on industry best practices.

Market Segmentation Overview

  • Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
  • Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
  • Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
  • Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
  • Distribution Channel Segmentation: categorizes how products reach customers, optimizing supply chain and sales strategies.

Market Segmentation


Segmentation by Type
  • Cranes
  • Hoists
  • Lifts
  • Forklifts
  • Conveyors
Segmentation by Application
 
  • Manufacturing
  • Construction
  • Warehousing
  • Logistics
 
Industrial Lifting Equipment Market size by Manufacturing, Construction, Warehousing, Logistics

Understand Key Market Dynamics

Need More Details on Market Players and Competitors?

Regional Analysis

  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA


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Market Entropy


Merger & Acquisition


Regulatory Landscape


Patent Analysis


Investment and Funding Scenario


Competitive Innovation Radar

Industrial Lifting Equipment Market value by Cranes, Hoists, Lifts, Forklifts, Conveyors


Market Driver

  • Growing E-Commerce Industry Worldwide
  • Growth in the Construction Industry
Market Trends
  • Growth in automated warehouses
Opportunity
  • Growing E-Commerce Industry Worldwide
  • Growth in the Construction Industry
Challenges
  • Safety concerns

Primary & Secondary Approach


The Industrial Lifting Equipment is analyzed by both primary and secondary research sources. There are numerous methodologies available to navigate and utilize these resources effectively:
Surveys and Questionnaires: Getting feedback from healthcare professionals, patients, or any other stakeholders on a particular topic. It is a great method to collect quantitative data on behaviors, preferences, and/or experiences.
One-on-ones: Interviews with key stakeholders, including physicians, nurses, and administrators, can yield rich qualitative data. The interviews can be divided into structured, semi-structured, or unstructured.


Focus Groups: Pull together small numbers of people who share a common characteristic, trait, or behavior to discuss particular topics. Focus Groups: This offers qualitative data and points of view that are often overlooked, such as attitudes, perceptions, or other statements relating to a specific platform.


Observational Studies: Understanding healthcare practices and patient interactions in the way we do it can say a lot more than what people formally report doing.
Field Studies: This method allows researchers to collect data firsthand from healthcare settings, including hospitals, clinics, and even homes. It is a way to touch and feel the context that drives service delivery in healthcare.
Secondary Research in Industrial Lifting Equipment
Secondary research is a kind of revising, restructuring, and rethinking what has already been collected by primary sources. Such research is beneficial as long as it comes at a low cost and gives an overarching view of the market. Some of the important methods include:
Literature Review: To go through the research papers, articles, and studies published in medical journals, industry reports, and academic publications. This is crucial for understanding the study landscape and identifying knowledge deficits.
Reports From the Industry: It aims at examining reports published by market research firms, healthcare associations, and government bodies. This report can also be used by all stakeholders, including service providers and delivery chains across the world, to identify market opportunities in an undetermined depth.


Public Health Records: Data collected by governments and public health authorities in different countries of the world from organizations with global reach, like the CDC, WHO, or national departments. These are important because they provide us with epidemiological data and numbers.
Company Reports: Read the annual reports, financial statements, and press releases of healthcare companies. It includes company performance reports, market strategies, and competitive positioning for this domain.
Online Databases: You understand the access to databases like PubMed, MEDLINE, and even Google Scholar for scientific articles and study materials. Some of these databases are treasure troves for peer-reviewed data.
Media Sources: Analyzing news articles, press releases, and media coverage related to the healthcare industry. This helps in staying updated on recent developments and emerging trends.
A blended approach of primary and secondary research methods allows researchers to collect well-rounded, solid data that informs the best decisions and strategies.


Report Infographics:

Report Features Details
Base Year 2023
Based Year Market Size (2023) 15Billion
Historical Period Market Size (2019) USD Million ZZ
CAGR (2023 to 2031) 7.50%
Forecast Period 2026 to 2031
Forecasted Period Market Size (2031) 25Billion
Scope of the Report Type, Application, Region
Quantitative Units

Revenue in USD million/billion, volume in kilotons, and CAGR from 2023 to 2031

Year-on-Year Growth 5%
Companies Covered Hyster-Yale Material Handling (United States), Oshkosh (United States), Toyota Industries (Japan), KION Group (Germany), Linamar (Canada), Konecranes (Finland), Cargotec (Finland), Terex (United States), Tadano (Japan), Liebherr (Switzerland)
Customization Scope 15% Free Customization (For EG). Customized purchase options are available to match your specific research requirements
Delivery Format PDF and Excel through Email