Handling And Lifting Equipment Market to reach USD 12.21 billion|Key Drivers and Market Forecasts|17000+ Technavio Research Reports

NEW YORK, June 17, 2021 /PRNewswire/ — The handling and lifting equipment market is expected to reach USD 12.21 billion during…

NEW YORK, June 17, 2021 /PRNewswire/ — The handling and lifting equipment market is expected to reach USD 12.21 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the handling and lifting equipment market in optimistic, probable, and pessimistic forecast scenarios.

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With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. As per Technavio’s pandemic-focused market research, market growth is likely to decrease as compared to 2019.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Major Three Handling And Lifting Equipment Market Participants:

Cargotec Corp.

Cargotec Corp. offers handling and lifting equipment under the brand, HIAB.

Haulotte Group

Haulotte Group offers handling and lifting equipment under the brand, Haulotte.

Konecranes Plc

Konecranes Plc offers an extensive range of cranes, for light-duty applications and demanding processes.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/handling-and-lifting-equipment-market-industry-analysis

Handling And Lifting Equipment Market 2020-2024: Segmentation

The handling and lifting equipment market is segmented as below:

  • Product
    • Cranes
    • Forklifts
    • Conveyor Systems
    • Hoists
  • Geographic Landscape
    • APAC
    • Europe
    • North America
    • South America
    • The Middle East and Africa

The handling and lifting equipment market is driven by the growth of the construction sector. In addition, the development of autonomous cranes is expected to trigger the handling and lifting equipment market toward witnessing a CAGR of almost 3% during the forecast period.

Get more insights about the global trends impacting the future of handling and lifting equipment market, Request Free Sample @

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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