Lewes, DE -- (SBWire) -- 04/18/2016 --Report forecast the global handling and lifting equipment market to grow at a CAGR of 10.57% during the period 2016 - 2020.
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.
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.
The 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
Global Handling and Lifting Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.
According to the report, skyscrapers are increasingly being built in many large and medium-sized cities due to rapid urbanization and economic growth worldwide. Ultra-high-rise buildings, which are more than 300 meters in length, are being constructed in many countries. These structures act as local landmarks and attract both domestic and foreign enterprises.
Further, the report states that for the efficient performance of the equipment and improved productivity, ongoing support and maintenance are essential. If vendors are unable to provide adequate customer support, it may have serious implications for the company in terms of efficiency and output, affecting the profitability.
Key players in the Global Handling and Lifting Equipment Market: Komatsu Ltd., Konecranes plc, Liebherr Group, and Terex.
Other Prominent Vendors in the market are: American Crane and Equipment, Cargotec, Escorts Construction Equipment, Haulotte (Pinguely-Haulotte), Manitex International, Manitowoc Cranes, Sany Group, Shandong Dahan Construction Machinery, and Tadano.
Market driver
- Increased construction of high-rises
- For a full, detailed list, view our report
Market challenge
- Need for continuous support and maintenance
- For a full, detailed list, view our report
Market trend
- Emergence of new handling and lifting equipment
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages "Global Handling and Lifting Equipment Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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