Your shopping cart is empty!
The Industrial Lifting Equipment
forecast describes the current market and competition, listing all the
significant regions across the globe, including Europe, the Middle East, Asia-Pacific,
North America, and Latin America. Acquisitions, mergers, collaborations, and
new product launches are all key strategies used by the main contenders in the
Industrial Lifting Equipment market. The competitive analysis discusses how
this had a positive impact on the strength and market position of the top
businesses.
The market has increased the demand
for a wide range of Industrial Lifting Equipment, including hoists, hooks,
forklifts, lifting gantries, and many more. These are all necessary lifting
equipment and are used in a variety of industries to make a difficult task
simple, such as lifting a load into a warehouse.
There has been a demand increase for
businesses within the Industrial Lifting Equipment industry, the 2022 market has
already seen a high increase and is set to see a significant boost for
industrial lifting equipment in terms of sales. More businesses are needing to
increase their inventories for production and materials, this factor is due to
the rise in national and international trading. Supply and demand currently stand
at an all-time high. Between the years 2018 and 2023, it is forecast that the
market is set to rise from £50 billion to £62 billion, meaning in 5 years the
market has seen a £12 billion increase.
A significant launch that has possibly had an impact on the industry is the opening of Kion Groups new asymmetric lift truck plant which opened its doors in December 2021, opening with the first forklift to roll off the manufacturing line. Lifting Gear Direct has a great range of forklift attachments to aid in lifting a variety of loads, from jib arms, suspended hook attachments to drum handling equipment. With new developments arising the upcoming year’s forecast for the Industrial Lifting Equipment market has been tremendously glowing and positive. Considering the last couple of years have been difficult for everyone around the globe, within different industries, as the world moves into a post-pandemic society, it’s inspiring to see the Industrial Lifting Equipment industry thriving!
