Market Overview:
The global freight lifts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for freight lifts from various end-use industries, such as business hotels, office buildings, airports, railway stations and others. Additionally, the growing awareness about safety and security is also propelling the growth of this market. Based on type, hydraulic freight lifts are expected to account for a larger share of the global freight lifts market during the forecast period. This can be attributed to their high efficiency and low maintenance requirements as compared to electric freight lifts.
Product Definition:
A freight lift is a type of vertical transportation that moves goods or materials between floors of a building, often used in industrial settings. Freight lifts are typically large and box-shaped, with a door on each side that opens to reveal an interior space large enough to accommodate a pallet or other item being transported. The lift moves up and down on cables attached to one or more motors, allowing it to carry heavy loads between floors.
Hydraulic Freight Lifts:
Hydraulic freight lifts are used to transport goods in the open air, either on a single or multiple levels. Hydraulic freight lift consists of a platform and one or more hydraulic arms attached to it. Platform is generally powered by electric motor while hydraulic arms are operated using engine power from diesel or gas-powered engines.
The market for hydraulic freight lifts is expected to witness significant growth over the forecast period owing to its ability of handling heavy weight load with ease.
Electric Freight Lifts:
Electric freight lifts are used to carry heavy goods and load from one place to another with the help of a mechanical arm. It is an ideal solution for loading and unloading vehicles in warehouses, distribution centers, ports or manufacturing plants. They are also known as automated storage and retrieval system (AS&RS) or self-propelled loading rack systems.
Application Insights:
The market is segmented by application into business hotel, office building, airport, station and others. The office building segment accounted for the largest share in 2017 owing to the growing demand from companies for providing easy access to their buildings. This has resulted in an increased number of installations of freight lifts across offices.
The business hotel segment is expected to grow at a significant rate over the forecast period due to increasing demand from various industries including IT/Telecom and BFSI for providing easy access to their facilities located at the basement levels of hotels or resorts.
Regional Analysis:
The Asia Pacific region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in warehousing, rapid urbanization, and rising trade activities across emerging economies such as China and India. Furthermore, growing industrialization coupled with increasing government initiatives for infrastructure development is further anticipated to drive demand over the forecast period.
North America accounted for a significant share of global revenue owing to high demand from business hotels, offices buildings & IT parks along with other industries due to increased efficiency of freight lifts in handling heavy goods efficiently. Moreover, presence of prominent manufacturers including JLG International Inc.
Growth Factors:
- Increasing demand for freight lifts from the construction sector as a result of growth in the construction industry.
- Rising demand for freight lifts from the e-commerce sector due to growth in online retail sales.
- Growing demand for freight lifts from the automotive sector due to increasing production of automobiles globally.
- Increasing adoption of freight lifts by small and medium businesses (SMBs) owing to their growing need for material handling solutions.
- Technological advancements in freight lift design and functionality that improve safety, efficiency, and performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Freight Lifts Market Research Report
By Type
Hydraulic Freight Lifts, Electric Freight Lifts
By Application
Business Hotel, Office Building, Airport, Station, Others
By Companies
KONE Corporation, Otis Elevator Company, Schindler, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sigma Elevator Company, Stannah, Sicher Elevator Co., Ltd., Kleemann Hellas SA, Gulf Elevator & Escalator Co. Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Freight Lifts Market Report Segments:
The global Freight Lifts market is segmented on the basis of:
Types
Hydraulic Freight Lifts, Electric Freight Lifts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business Hotel, Office Building, Airport, Station, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KONE Corporation
- Otis Elevator Company
- Schindler
- Mitsubishi Electric Corp.
- Fujitec
- Thyssenkrupp AG
- Hitachi LTD
- Hyundai Elevator Company
- Toshiba Corporation
- Sigma Elevator Company
- Stannah
- Sicher Elevator Co., Ltd.
- Kleemann Hellas SA
- Gulf Elevator & Escalator Co. Ltd.
Highlights of The Freight Lifts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydraulic Freight Lifts
- Electric Freight Lifts
- By Application:
- Business Hotel
- Office Building
- Airport
- Station
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Freight Lifts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Freight lifts are a type of industrial equipment used to move goods up or down a vertical distance. They can be either powered by motors or hydraulics, and can be fitted with different types of loading mechanisms, such as forks, conveyors, or ramps.
Some of the major companies in the freight lifts market are KONE Corporation, Otis Elevator Company, Schindler, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sigma Elevator Company, Stannah, Sicher Elevator Co., Ltd., Kleemann Hellas SA, Gulf Elevator & Escalator Co. Ltd..
The freight lifts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Freight Lifts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Freight Lifts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freight Lifts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Freight Lifts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Freight Lifts Market Size & Forecast, 2018-2028
4.5.1 Freight Lifts Market Size and Y-o-Y Growth
4.5.2 Freight Lifts Market Absolute $ Opportunity
Chapter 5 Global Freight Lifts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Freight Lifts Market Size Forecast by Type
5.2.1 Hydraulic Freight Lifts
5.2.2 Electric Freight Lifts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Freight Lifts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Freight Lifts Market Size Forecast by Applications
6.2.1 Business Hotel
6.2.2 Office Building
6.2.3 Airport
6.2.4 Station
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freight Lifts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Freight Lifts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Freight Lifts Analysis and Forecast
9.1 Introduction
9.2 North America Freight Lifts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Freight Lifts Market Size Forecast by Type
9.6.1 Hydraulic Freight Lifts
9.6.2 Electric Freight Lifts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Freight Lifts Market Size Forecast by Applications
9.10.1 Business Hotel
9.10.2 Office Building
9.10.3 Airport
9.10.4 Station
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Freight Lifts Analysis and Forecast
10.1 Introduction
10.2 Europe Freight Lifts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Freight Lifts Market Size Forecast by Type
10.6.1 Hydraulic Freight Lifts
10.6.2 Electric Freight Lifts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Freight Lifts Market Size Forecast by Applications
10.10.1 Business Hotel
10.10.2 Office Building
10.10.3 Airport
10.10.4 Station
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Freight Lifts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Freight Lifts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Freight Lifts Market Size Forecast by Type
11.6.1 Hydraulic Freight Lifts
11.6.2 Electric Freight Lifts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Freight Lifts Market Size Forecast by Applications
11.10.1 Business Hotel
11.10.2 Office Building
11.10.3 Airport
11.10.4 Station
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Freight Lifts Analysis and Forecast
12.1 Introduction
12.2 Latin America Freight Lifts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Freight Lifts Market Size Forecast by Type
12.6.1 Hydraulic Freight Lifts
12.6.2 Electric Freight Lifts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Freight Lifts Market Size Forecast by Applications
12.10.1 Business Hotel
12.10.2 Office Building
12.10.3 Airport
12.10.4 Station
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Freight Lifts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Freight Lifts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Freight Lifts Market Size Forecast by Type
13.6.1 Hydraulic Freight Lifts
13.6.2 Electric Freight Lifts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Freight Lifts Market Size Forecast by Applications
13.10.1 Business Hotel
13.10.2 Office Building
13.10.3 Airport
13.10.4 Station
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Freight Lifts Market: Competitive Dashboard
14.2 Global Freight Lifts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KONE Corporation
14.3.2 Otis Elevator Company
14.3.3 Schindler
14.3.4 Mitsubishi Electric Corp.
14.3.5 Fujitec
14.3.6 Thyssenkrupp AG
14.3.7 Hitachi LTD
14.3.8 Hyundai Elevator Company
14.3.9 Toshiba Corporation
14.3.10 Sigma Elevator Company
14.3.11 Stannah
14.3.12 Sicher Elevator Co., Ltd.
14.3.13 Kleemann Hellas SA
14.3.14 Gulf Elevator & Escalator Co. Ltd.
