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Handling and Lifting Equipment

Global demand for handling and lifting equipment is forecast to expand 3.5% p.a. between 2016 and 2020. Currently, cranes and lifting frames account for 18.1% of the global demand while the remaining market share is divided between work trucks (17.9%), continuous-action goods conveyors and elevators (10.7%), lifts and skip hoists (6.7%), capstans and winches (4.3%), hoists and jacks (4.3%), escalators and moving walkways (1.8%), pneumatic conveyors and elevators (1.1%), pulley tackle and hoists (0.8%), ski-lifts, chair-lifts and teleferiques (0.3%), other handling and lifting equipment (12.0%) and parts of handling and lifting equipment (21.9%).

China, Cyprus, Germany, Philippines and the United States are considered the highest potential markets in the coming years. China, Germany, Japan, South Korea and the United States represent the largest handling and lifting equipment markets while the strongest annual growth is forecast to occur in Cyprus (22.0%), Philippines (11.1%), Ethiopia (10.3%), Vietnam (7.6%) and Lebanon (7.4%).

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