Heavy Duty Lifts Market: Global Trends, Segmentation And Opportunities Forecast To 2021-2031
- Anna Sibley
- Sep 17, 2021
- 2 min read
Heavy Duty Lifts Market: Introduction
A heavy duty lift is designed to carry fairly heavy loads. It is used for handling and lifting heavy equipment. Heavy duty lifts can handle any application that requires a tower, scaffolding, or ladder. The lifts are generally made of steel and include a railing and platform supported by a bar-style beam. The transportation, handling, and installation of heavy items include those that are inseparable, and of weights generally in the range of 1 ton to over 1000 tons and of widths/heights of more than 100 meters that are too large to fit into normal containers or onto conventional transporters.
Key Drivers of the Heavy Duty Lifts Market
The heavy duty lifts market is driven by rise in demand for lifts from end-use industries such as manufacturing, construction, and automotive. Moreover, rapid innovation in heavy duty lifts is expected to drive the market. Manufacturers continuously working on better technology and continued product development for heavy duty lifts is expected to drive the market. Manufacturing and automotive industries are estimated to offer lucrative opportunities to the heavy duty lifts market in the near future. Governments of countries across the world are focused on improving and developing infrastructure such as roads, bridges, highways, flyovers, and dams, which is projected to propel the market in the next few years.
However, manufacturing facilities require high initial capital, skilled manpower, licensing/ certifications, advanced technology, and high quality raw materials. These factors are expected to hinder the heavy duty lifts market during the forecast period.
Health and Safety at Work a Restraint for the Heavy Duty Lifts Market
While the ACOP (Approved Code of Practice) is not law, this has been produced under Section 16 of the Health and Safety at Work Act (HSW Act) and has a special status (as outlined in introductory page (ii) of the ACOP). This supports not only LOLER but also the general provisions of Section 2 of the HSW Act and other regulations, including the Management of Health and Safety at Work Regulations and PUWER, in relation to lifting equipment and lifting operations. Other more specific legislations may also apply in the heavy duty lifts market, for example the Personal Protective Equipment at Work Regulations, when safety harnesses are being used for rope access work during activities such as window cleaning.
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Asia Pacific the Dominant Market
China and India dominate the heavy duty lifts market due to increase in industrialization and urbanization, offering new opportunities to drive demand in the Asia Pacific region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the heavy duty lifts market are:
Levanta
Nussbaum Custom Lifts GmbH
Redmount International Limited
Stertil-Koni USA
Mohawk Lifts, LLC.
Vehicle Service Group SM
Atlas Auto Equipment
ForwardLift
Titan Lifts
Heavy Duty Lifts Market, by Type
Mobile column lift
In-ground lift
Scissor lift
Two post lift
4 post lift
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