Heavy Duty Lifts Market Overview and Regional Outlook Study 2018 - 2026
Heavy duty lifts can handle any application that would require a tower, scaffolding, or ladder. These lifts are primarily used for maintenance and repair tasks. The lifts are generally made of steel and include a railing and platform supported by a bar-style beam. These lifts offer various advantages such as safety, reliability, low maintenance cost, low operating cost, and increased employee safety and efficiency. In addition to this, heavy duty lifts are very easy to operate. These factors are expected to boost the market attractiveness of heavy duty lifts during the forecast period. Various regulatory bodies across the world control the quality, safety, and standards of heavy duty lifts. Increased awareness about workers’ safety and government initiatives are expected to create significant opportunities for the heavy duty lifts market during the forecast period.
The heavy duty lifts market is driven by a rise in demand for lifts from end-use industries such as manufacturing, construction, automotive, and others. Moreover, rapid innovation in heavy duty lifts is expected to drive the global heavy duty lifts market. There is an increase in the adoption of technology as manufacturers are continuously working on better technology and continued product development for heavy duty lifts. All these factors are expected to drive the overall heavy duty lifts market. The manufacturing and automotive industries are estimated to offer lucrative opportunities to the market in the near future. Governments of countries across the world are focused on improving and developing infrastructure such as roads, bridges, highways, flyovers, dams, and others. This is projected to propel the market in the next few years. However, manufacturing facilities require high initial capital, skilled manpower, licensing/ certifications, advanced technology, and high quality of raw materials. These factors are expected to hinder the heavy duty lifts market during the forecast period.
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The heavy duty lifts market can be segmented based on type, capacity, application, and geography. In terms of type, the heavy duty lifts market can be classified into mobile column lift, in-ground lift, scissor lift, two post lift, and 4 post lift. Based on capacity, the heavy duty lifts market can be categorized into below 36000 Lb, 36000 Lb-72000 Lb, 72000 Lb-108000 Lb, 108000 Lb-144000 Lb, and above 144000 Lb. In terms of application, the heavy duty lifts market can be segmented into building maintenance, construction, production, automotive, and others. The production segment can be further sub- segmented into manufacturing, chemical processing, and food processing. The automotive segment can be further classified into commercial vehicles and passenger vehicles.
In terms of geography, the global heavy duty lifts market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to dominate the heavy duty lifts market during the forecast period, owing to significant demand from emerging economies. The market in the region is likely to be boosted by an increase in construction activities and rapid expansion in the automotive industry. A robust industrial sector is anticipated to fuel the market in North America and Europe in the coming years. The market in South America is estimated to expand at a sluggish pace during the forecast period.
Key players operating in the global heavy duty lifts market includes Levanta, Nussbaum Automotive Solutions, Redmount International Limited, Stertil-Koni USA, Mohawk Resources, Ltd, SLEC, Inc., Vehicle Service Group, Atlas Automotive Equipment, ForwardLift, Titan Lifts, Dover Corporation, Mohawk, Challenger Lifts, Inc, Autoquip, and Hymo Scissor Lifts UK. As the existing players are already leading heavy duty lifts market, so it required some USP in their offering which helps the new entrances to make their presences strong in the market.
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