Market Overview:
The global heavy duty 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 commercial vehicles and rising investments in infrastructure development projects. The global heavy duty lifts market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into two post lifts, four post lifts, and others. On the basis of application, the market is segmented into trucks, buses, civil works vehicles, and others. The truck segment accounts for a major share ofthe global heavy duty liftstmarket owing tothe increasing demand for commercial vehicles across different regions worldwide. Geographically speaking North America dominates thismarket followed by Europeand Asia Pacific respectively due To high adoption rateof Heavy Duty Liftsin these regions .
Product Definition:
Heavy duty lifts are used to move heavy objects, such as cars or trucks, in a garage or workshop. They are important because they make it easier to move these heavy objects around, which can save time and energy.
Two Post Lifts:
The two post lifts are also known as double piggyback lifts, they consist of two independently mounted and movable posts which can be used to raise or lower the weight carrying capacity of a lifting device. The first type Two Post Lifts consists of only one armrest, while the other is fixed on a single rail; it offers more stability due to its additional support.
The second type has two armrests.
Four Post Lifts:
The four post lifts are used to raise vehicles and bodies from the ground. It has four lifting points or posts which are used to support the weight of vehicle or body being lifted. The fourth point is generally a hinge where it can be lowered so that access can be gained to any part of the car.
Advantages: Four post lifts offer more stability while lowering and raising heavy loads making them safer for use by experienced operators only thus increasing productivity in less time.
Application Insights:
Trucks were the largest application segment and accounted for a revenue share of over 40.0% in 2017. Trucks are widely used for logistics, construction, mining, agriculture and other similar applications where heavy-duty lifting is required. The global trucks market is expected to witness significant growth on account of increasing demand from various industries such as automotive, manufacturing and construction among others which will drive the industry growth over the forecast period.
The bus segment held a significant revenue share in 2017 owing to growing passenger travel demand across various regions coupled with stringent regulations regarding vehicle maintenance & safety which has resulted in increased utilization of these equipment at bus terminals & stands thereby propelling product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global heavy duty lifts market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in manufacturing facilities, especially in China and India owing to low labor costs. Furthermore, increasing investments from foreign players are anticipated to drive demand for heavy-duty equipment across this region. For instance, Hyundai Rotem was awarded a contract by Indian government for constructing two metro lines using elevators manufactured by Kone Corporation of Finland.
The Asia Pacific is also home to several emerging economies with growing industrial sectors such as Indonesia, Malaysia.
Growth Factors:
- Increasing demand for lifting heavy objects in various industrial and commercial applications is expected to drive the growth of the global heavy duty lifts market.
- The rising popularity of automated material handling systems is also anticipated to fuel the demand for heavy duty lifts over the forecast period.
- Growing investments in construction and infrastructure sectors are projected to create new opportunities for the market players operating in this space.
- The increasing trend of using forklifts as an alternative to cranes is likely to boost the sales of heavy duty lifts in near future.
- Rising awareness about safety regulations pertaining to lifting operations is expected to propel the growth of global Heavy Duty Lifts market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Duty Lifts Market Research Report
By Type
Two Post Lifts, Four Post Lifts, Others
By Application
Trucks, Buses, Civil Works Vehicles, Others
By Companies
Stertil ALM, Stertil-Koni, O.ME.R SpA, SLEC，Inc, NUSSBAUM, Forward Lift, IMEM Lifts, Rotary Lift, Western Lift, EAE Automotive Equipment, Stertil ALM, Sino-Italian Taida
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Duty Lifts Market Report Segments:
The global Heavy Duty Lifts market is segmented on the basis of:
Types
Two Post Lifts, Four Post Lifts, Others
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
Trucks, Buses, Civil Works Vehicles, 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:
- Stertil ALM
- Stertil-Koni
- O.ME.R SpA
- SLEC，Inc
- NUSSBAUM
- Forward Lift
- IMEM Lifts
- Rotary Lift
- Western Lift
- EAE Automotive Equipment
- Stertil ALM
- Sino-Italian Taida
Highlights of The Heavy Duty 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:
- Two Post Lifts
- Four Post Lifts
- Others
- By Application:
- Trucks
- Buses
- Civil Works Vehicles
- 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 Heavy Duty 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Heavy duty lifts are a type of industrial lift that can handle heavier loads than other types of industrial lifts. They are often used in warehouses and factories to move large objects, such as boxes or barrels.
Some of the major companies in the heavy duty lifts market are Stertil ALM, Stertil-Koni, O.ME.R SpA, SLEC，Inc, NUSSBAUM, Forward Lift, IMEM Lifts, Rotary Lift, Western Lift, EAE Automotive Equipment, Stertil ALM, Sino-Italian Taida.
The heavy duty lifts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy Duty 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 Heavy Duty Lifts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy Duty 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 Heavy Duty 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 Heavy Duty Lifts Market Size & Forecast, 2020-2028
4.5.1 Heavy Duty Lifts Market Size and Y-o-Y Growth
4.5.2 Heavy Duty Lifts Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Two Post Lifts
5.2.2 Four Post Lifts
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Trucks
6.2.2 Buses
6.2.3 Civil Works Vehicles
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy Duty 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 Heavy Duty 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Two Post Lifts
9.6.2 Four Post Lifts
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Trucks
9.10.2 Buses
9.10.3 Civil Works Vehicles
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Two Post Lifts
10.6.2 Four Post Lifts
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Trucks
10.10.2 Buses
10.10.3 Civil Works Vehicles
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Two Post Lifts
11.6.2 Four Post Lifts
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Trucks
11.10.2 Buses
11.10.3 Civil Works Vehicles
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Two Post Lifts
12.6.2 Four Post Lifts
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Trucks
12.10.2 Buses
12.10.3 Civil Works Vehicles
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Two Post Lifts
13.6.2 Four Post Lifts
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Trucks
13.10.2 Buses
13.10.3 Civil Works Vehicles
13.10.4 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 Heavy Duty Lifts Market: Competitive Dashboard
14.2 Global Heavy Duty Lifts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stertil ALM
14.3.2 Stertil-Koni
14.3.3 O.ME.R SpA
14.3.4 SLEC，Inc
14.3.5 NUSSBAUM
14.3.6 Forward Lift
14.3.7 IMEM Lifts
14.3.8 Rotary Lift
14.3.9 Western Lift
14.3.10 EAE Automotive Equipment
14.3.11 Stertil ALM
14.3.12 Sino-Italian Taida
