Market Overview:
The global mill duty lifters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the mill duty lifters market can be attributed to the increasing demand for heavy-duty and light-duty mill duty lifters across various applications such as industrial, transport, energy, and other applications. Additionally, the growing demand for electric vehicles is also expected to fuel the growth of the global mill duty lifters market during the forecast period.
Product Definition:
Mill Duty Lifters are used to life heavy loads in a mill setting. They are important because they help to move large amounts of material quickly and safely.
Heavy-duty:
Heavy-duty lifters are used to raise and lower heavy loads in manufacturing industries. They are also known as milling machines, production line equipment or just plain old machine tools. The Heavy-duty lifters market is expected to witness significant growth over the forecast period owing to its increasing usage in various applications such as automotive & transportation, food processing & packaging and electrical & electronics industries.
Light:
Light is a source of energy that can be harnessed and used to provide mechanical advantage in various applications. Mill duty lifters are machines used for moving heavy objects from one place to another with the help of light. They are widely used in industries such as automotive, aerospace, construction equipment, mining & metals and food processing among others.
The global mill duty lifters market size was valued at USD 3.5 billion in 2018.
Application Insights:
The industrial segment accounted for the largest revenue share of over 50% in 2017. The rising demand for energy efficient products is expected to drive the demand for LD Lifters over the forecast period. In addition, increasing investments in developing countries such as China and India are likely to provide a positive scope of growth during the estimated period.
The transport segment is anticipated to witness significant growth during the forecast period owing to increasing automotive production across various regions including Asia Pacific and North America. Furthermore, growing population along with urbanization has resulted in an increased need for automobiles which will further propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with rising investments in infrastructure development. These factors are anticipated to drive product demand over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high demand from end-use industries, such as energy and power generation, manufacturing, transportation and logistics among others. Countries such as Germany have witnessed a surge in renewable energy production that requires heavy machinery for material handling purposes; this factor is anticipated to augment regional product demand over the next eight years.
Growth Factors:
- Increasing demand for mill duty lifters in the paper and pulp industry to handle heavy loads is expected to drive the market growth.
- Growing investments in the construction sector is projected to boost the demand for mill duty lifters over the forecast period.
- Proliferation of online shopping is anticipated to create new opportunities for mill duty lifter manufacturers and distributors worldwide.
- The increasing use of mill duty lifters in various end-use industries such as automotive, aerospace, and marine is likely to propel market growth during the forecast period. 5 Mill Duty Lifters are increasingly being used as a standard component in conveyor systems due their ability to handle heavy loads without damaging product or equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Mill Duty Lifters Market Research Report
By Type
Heavy-duty, Light
By Application
Industrial, Transport, Energy, Other
By Companies
Caldwell Group Lifting Solutions, Mazzella Companies Solutions, Frank H. Gill Company, Torqhoist, Anver, Winkle Industries, Bradley Lifting, Cutting Tool Engineering, Powlift Material Handling Ltd., T&M Cranes, Caldwell Group Lifting Solutions
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Mill Duty Lifters Market Report Segments:
The global Mill Duty Lifters market is segmented on the basis of:
Types
Heavy-duty, Light
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
Industrial, Transport, Energy, Other
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:
- Caldwell Group Lifting Solutions
- Mazzella Companies Solutions
- Frank H. Gill Company
- Torqhoist
- Anver
- Winkle Industries
- Bradley Lifting
- Cutting Tool Engineering
- Powlift Material Handling Ltd.
- T&M Cranes
- Caldwell Group Lifting Solutions
Highlights of The Mill Duty Lifters 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:
- Heavy-duty
- Light
- By Application:
- Industrial
- Transport
- Energy
- Other
- 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 Mill Duty Lifters 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?
Mill duty lifters are machines that help to reduce the amount of milling required during the manufacturing process. They work by moving parts around a milling machine, reducing the amount of time it takes to produce a part.
Some of the major players in the mill duty lifters market are Caldwell Group Lifting Solutions, Mazzella Companies Solutions, Frank H. Gill Company, Torqhoist, Anver, Winkle Industries, Bradley Lifting, Cutting Tool Engineering, Powlift Material Handling Ltd., T&M Cranes, Caldwell Group Lifting Solutions.
The mill duty lifters 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 Mill Duty Lifters 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 Mill Duty Lifters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mill Duty Lifters 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 Mill Duty Lifters 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 Mill Duty Lifters Market Size & Forecast, 2018-2028
4.5.1 Mill Duty Lifters Market Size and Y-o-Y Growth
4.5.2 Mill Duty Lifters Market Absolute $ Opportunity
Chapter 5 Global Mill Duty Lifters 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 Mill Duty Lifters Market Size Forecast by Type
5.2.1 Heavy-duty
5.2.2 Light
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mill Duty Lifters 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 Mill Duty Lifters Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Transport
6.2.3 Energy
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mill Duty Lifters 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 Mill Duty Lifters 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 Mill Duty Lifters Analysis and Forecast
9.1 Introduction
9.2 North America Mill Duty Lifters 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 Mill Duty Lifters Market Size Forecast by Type
9.6.1 Heavy-duty
9.6.2 Light
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 Mill Duty Lifters Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Transport
9.10.3 Energy
9.10.4 Other
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 Mill Duty Lifters Analysis and Forecast
10.1 Introduction
10.2 Europe Mill Duty Lifters 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 Mill Duty Lifters Market Size Forecast by Type
10.6.1 Heavy-duty
10.6.2 Light
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 Mill Duty Lifters Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Transport
10.10.3 Energy
10.10.4 Other
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 Mill Duty Lifters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mill Duty Lifters 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 Mill Duty Lifters Market Size Forecast by Type
11.6.1 Heavy-duty
11.6.2 Light
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 Mill Duty Lifters Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Transport
11.10.3 Energy
11.10.4 Other
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 Mill Duty Lifters Analysis and Forecast
12.1 Introduction
12.2 Latin America Mill Duty Lifters 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 Mill Duty Lifters Market Size Forecast by Type
12.6.1 Heavy-duty
12.6.2 Light
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 Mill Duty Lifters Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Transport
12.10.3 Energy
12.10.4 Other
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) Mill Duty Lifters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mill Duty Lifters 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) Mill Duty Lifters Market Size Forecast by Type
13.6.1 Heavy-duty
13.6.2 Light
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) Mill Duty Lifters Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Transport
13.10.3 Energy
13.10.4 Other
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 Mill Duty Lifters Market: Competitive Dashboard
14.2 Global Mill Duty Lifters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caldwell Group Lifting Solutions
14.3.2 Mazzella Companies Solutions
14.3.3 Frank H. Gill Company
14.3.4 Torqhoist
14.3.5 Anver
14.3.6 Winkle Industries
14.3.7 Bradley Lifting
14.3.8 Cutting Tool Engineering
14.3.9 Powlift Material Handling Ltd.
14.3.10 T&M Cranes
14.3.11 Caldwell Group Lifting Solutions
