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The global handling and lifting equipment market analyst said handling and lifting equipment manufacturers are focusing on the development of new and advanced equipment. Additional emphasis is laid on the safety and control systems that are being installed in the handling and lifting equipment. Builders and construction companies involved in the construction of high-rise buildings find it difficult to lift heavy materials and loads to greater heights. Material lifting operators face difficulty during the swaying of loads. Hence, construction equipment manufacturers are trying to improve the efficiency of lifting operations and provide protection on the work site.Complete report on handling and lifting equipment market spread across 60 pages, analyzing 4 major companies and providing 23 data exhibits is now available at http://www.reportsnreports.com/reports/524608-global-handling-and-lifting-equipment-market-2016-2020.html.
According to the handling and lifting equipment market report, skyscrapers are increasingly being built in many large and medium-sized cities due to rapid urbanization and economic growth worldwide. Ultra-high-rise buildings, which are more than 300 meters in length, are being constructed in many countries. These structures act as local landmarks and attract both domestic and foreign enterprises.
Segmentation by Product and Analysis of the Handling and Lifting Equipment Market – Cranes, Forklifts, Conveyor belt and Hoists
In this handling and lifting equipment market, analysts have estimated the cranes product segment to dominate the global lifting and handling equipment market during the forecast period. The extensive use of cranes for a wide array of construction, manufacturing, and warehousing applications will result in the strong growth of this market segment during the next four years. Comprehensive market research carried out by the analysts has shown that this product segment will surpass a market value of more than USD 100 billion by the end of 2020.
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Geographical Segmentation and Analysis of the Handling and Lifting Equipment Market – Americas, APAC and EMEA
The APAC region dominates the global handling and lifting equipment market and is expected to grow at a steady CAGR of nearly 11% until 2020. Much of this growth can be attributed to the recent increase in the amount of investments in infrastructure and construction projects, especially in countries like India and China. Furthermore, with the strong growth of sectors like textiles and automobiles, the demand for handling and lifting equipment in APAC will be on the rise.
The global handling and lifting equipment market is witnessing competition in terms of availability of financing options like flexible monthly down payments and rental and lease services for customers in the construction industry on a monthly, yearly, and daily basis. Since the customers in this market are focusing on manufacturers offering technologically advanced, eco-friendly handling and lifting equipment, the level of competition will increase over the next few years. Order a copy of Global Handling and Lifting Equipment Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524608.
Key players in the global handling and lifting equipment market: Komatsu Ltd., Konecranes plc, Liebherr Group, and Terex.
Other prominent vendors in the market are: American Crane and Equipment, Cargotec, Escorts Construction Equipment, Haulotte (Pinguely-Haulotte), Manitex International, Manitowoc Cranes, Sany Group, Shandong Dahan Construction Machinery, and Tadano.
Further, the handling and lifting equipment market report states that for the efficient performance of the equipment and improved productivity, ongoing support and maintenance are essential. If vendors are unable to provide adequate customer support, it may have serious implications for the company in terms of efficiency and output, affecting the profitability.
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