Market Overview:
The global guide rail lift market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for efficient and safe material handling solutions across various industries. Additionally, the growing adoption of automated guided vehicles (AGVs) in various industrial applications is also propelling the growth of the global guide rail lift market. The global guide rail lift market can be segmented on the basis of type, application, and region. On the basis of type,the market can be divided into class 1, class 2, and class 3 lifts. Class 1 lifts are low-capacity lifts that are used for light-duty applications such as moving goods within a warehouse or factory premises. Class 2 lifts are medium-capacity lifts that are used for moving goods between different levels in a warehouse or factory premises as well as for outdoor use in construction and mining applications.
Product Definition:
A guide rail lift is a device that helps to move heavy objects by using a pair of rails. The object is placed on the rails and then lifted with a hydraulic or pneumatic system. Guide rail lifts are used in factories and other industrial settings to move heavy objects around easily.
Class 1:
The global class 1, it's usage and growth factor in the guide rail lift market size was valued at USD 6.5 billion in 2016.
Class 2:
The global class 2 and it's usage in guide rail lift market size was valued at USD 6.5 million in 2016. The increasing demand for automation across the manufacturing sector is expected to drive growth over the forecast period.
Application Insights:
The construction application segment led the global guide rail lift market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing infrastructure spending in emerging economies across the Asia Pacific and Latin America regions, as these regions are considered developing countries according to World Bank¢â‚¬â„¢s classification.
The logistics application segment is expected to witness significant growth over the forecast period owing to rising e-commerce activities worldwide, which has resulted in increased warehousing activities for various products including agricultural produce and industrial goods among others. This trend has also resulted in an increased need for efficient transportation systems that can efficiently deliver goods from warehouses into retail outlets or customer homes with minimum damage or loss of product due to improper handling during transport operations. Thus, rising demand for reliable transportation systems that offer ease of movement within warehouse facilities coupled with ease of delivery into desired areas will drive demand over the next few 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 a large number of mines, which require regular inspection for safety purposes. Furthermore, increasing infrastructure activities in countries such as China and India are anticipated to create demand for guide rail lifts over the next eight years.
The Asia Pacific regional market was followed by Europe, which accounted for around 25% of total revenue share in 2017 owing to high mining activities across countries such as Germany and U.K., thus creating demand for machinery with greater capacity to lift heavy equipment used during mining operations efficiently. Moreover, stringent government regulations regarding workplace safety are also expected to drive product demand over the coming years.
Growth Factors:
- Increasing demand for safe and efficient transportation systems
- Growing urbanization and industrialization
- Proliferation of smart cities and the associated need for advanced transportation infrastructure
- Rising public-private partnerships for transport infrastructure development
- Technological advancements in rail lift systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Guide Rail Lift Market Research Report
By Type
Class 1, Class 2, Class 3
By Application
Mining Application, Logistics Application, Construction Application, Others
By Companies
Toyota Industries Corporation, KION Group, Mitsubishi Nichiyu Forklift, Jungheinrich AG, Crown Equipment , Hyster-Yale Materials Handling, Anhui Forklift Truck, Doosan Industrial Vehicle, Hangcha Group, Clark Material Handling , Komatsu, Hyundai Heavy Industries, Combilift, EP Equipment, Konecranes
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Guide Rail Lift Market Report Segments:
The global Guide Rail Lift market is segmented on the basis of:
Types
Class 1, Class 2, Class 3
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
Mining Application, Logistics Application, Construction Application, 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:
- Toyota Industries Corporation
- KION Group
- Mitsubishi Nichiyu Forklift
- Jungheinrich AG
- Crown EquipmentÂ
- Hyster-Yale Materials Handling
- Anhui Forklift Truck
- Doosan Industrial Vehicle
- Hangcha Group
- Clark Material HandlingÂ
- Komatsu
- Hyundai Heavy Industries
- Combilift
- EP Equipment
- Konecranes
Highlights of The Guide Rail Lift 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:
- Class 1
- Class 2
- Class 3
- By Application:
- Mining Application
- Logistics Application
- Construction Application
- 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 Guide Rail Lift 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
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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?
Guide rail lift is a type of elevator that uses guide rails to move the carriages up and down.
Some of the major players in the guide rail lift market are Toyota Industries Corporation, KION Group, Mitsubishi Nichiyu Forklift, Jungheinrich AG, Crown Equipment‚Â , Hyster-Yale Materials Handling, Anhui Forklift Truck, Doosan Industrial Vehicle, Hangcha Group, Clark Material Handling‚Â , Komatsu, Hyundai Heavy Industries, Combilift, EP Equipment, Konecranes.
The guide rail lift market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Guide Rail Lift Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Guide Rail Lift Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Guide Rail Lift Market - Supply Chain
4.5. Global Guide Rail Lift Market Forecast
4.5.1. Guide Rail Lift Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Guide Rail Lift Market Size (000 Units) and Y-o-Y Growth
4.5.3. Guide Rail Lift Market Absolute $ Opportunity
5. Global Guide Rail Lift Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Guide Rail Lift Market Size and Volume Forecast by Type
5.3.1. Class 1
5.3.2. Class 2
5.3.3. Class 3
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Guide Rail Lift Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Guide Rail Lift Market Size and Volume Forecast by Application
6.3.1. Mining Application
6.3.2. Logistics Application
6.3.3. Construction Application
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Guide Rail Lift Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Guide Rail Lift Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Guide Rail Lift Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Guide Rail Lift Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Guide Rail Lift Demand Share Forecast, 2019-2026
9. North America Guide Rail Lift Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Guide Rail Lift Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Guide Rail Lift Market Size and Volume Forecast by Application
9.4.1. Mining Application
9.4.2. Logistics Application
9.4.3. Construction Application
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Guide Rail Lift Market Size and Volume Forecast by Type
9.7.1. Class 1
9.7.2. Class 2
9.7.3. Class 3
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Guide Rail Lift Demand Share Forecast, 2019-2026
10. Latin America Guide Rail Lift Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Guide Rail Lift Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Guide Rail Lift Market Size and Volume Forecast by Application
10.4.1. Mining Application
10.4.2. Logistics Application
10.4.3. Construction Application
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Guide Rail Lift Market Size and Volume Forecast by Type
10.7.1. Class 1
10.7.2. Class 2
10.7.3. Class 3
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Guide Rail Lift Demand Share Forecast, 2019-2026
11. Europe Guide Rail Lift Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Guide Rail Lift Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Guide Rail Lift Market Size and Volume Forecast by Application
11.4.1. Mining Application
11.4.2. Logistics Application
11.4.3. Construction Application
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Guide Rail Lift Market Size and Volume Forecast by Type
11.7.1. Class 1
11.7.2. Class 2
11.7.3. Class 3
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potentil Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Guide Rail Lift Demand Share, 2019-2026
12. Asia Pacific Guide Rail Lift Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Guide Rail Lift Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Guide Rail Lift Market Size and Volume Forecast by Application
12.4.1. Mining Application
12.4.2. Logistics Application
12.4.3. Construction Application
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Guide Rail Lift Market Size and Volume Forecast by Type
12.7.1. Class 1
12.7.2. Class 2
12.7.3. Class 3
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Guide Rail Lift Demand Share, 2019-2026
13. Middle East & Africa Guide Rail Lift Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Guide Rail Lift Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Guide Rail Lift Market Size and Volume Forecast by Application
13.4.1. Mining Application
13.4.2. Logistics Application
13.4.3. Construction Application
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Guide Rail Lift Market Size and Volume Forecast by Type
13.7.1. Class 1
13.7.2. Class 2
13.7.3. Class 3
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Guide Rail Lift Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Guide Rail Lift Market: Market Share Analysis
14.2. Guide Rail Lift Distributors and Customers
14.3. Guide Rail Lift Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota Industries Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KION Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Nichiyu Forklift
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jungheinrich AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Crown Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyster-Yale Materials Handling
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Anhui Forklift Truck
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Doosan Industrial Vehicle
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hangcha Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Clark Material Handling
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Komatsu
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyundai Heavy Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Combilift
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. EP Equipment
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Konecranes
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
