Expansion of Global Handling and Lifting Equipment Industry is Forecast to Reach 3.8% P.A.

Date: 2015-08-13

“The expansion of the global handling and lifting equipment industry is forecast to reach 3.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.6%. Currently, lifting frames, derricks and cranes account for 18.2% of the global demand while the remaining market share is divided between forklift trucks and other work trucks (17.9%), continuous-action conveyors and elevators for goods (10.6%), winches, hoists, jacks, capstans and pulley tackle (10.2%), lifts and skip hoists (6.1%), moving walkways and escalators (1.6%), pneumatic conveyors and elevators (1.1%), other handling and lifting equipment (11.6%) and parts of handling and lifting equipment (22.9%).

China, Germany, Japan, South Korea and the United States represent the largest handling and lifting equipment markets while the strongest annual growth is forecast to occur in United States (11.4%), Ecuador (10.5%), Philippines (7.9%), Thailand (7.8%) and Malaysia (6.6%).”

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