Construction Lifts Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44792

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 Construction Lifts Market - 2021-2025

The projected valuation of the construction lifts market by 2025 is USD 472.15 million. The growth momentum of the market is expected to accelerate at a CAGR of 6.29%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the construction lifts market growth is increasing investments in construction of high-rise buildings. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Construction Lifts Market Size

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Construction Lifts Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our construction lifts market analysis report extensively covers product (construction hoists, material hoists, and work platforms), end-user (non-residential, residential, and others), and geography (North America, Europe, APAC, MEA, and South America), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the construction lifts market segments to recognize and seize financial opportunities

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic construction lifts market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Construction Lifts Market Vendors and Competitive Analysis

The construction lifts market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the construction lifts market is fragmented and the vendors are deploying growth strategies such as the acquisition of new brands to gain competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players.

The construction lifts market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

For detailed insights on complete key vendor profiles buy the full construction lifts market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Construction Lifts Market Vendors

Construction Lifts Market - Region Opportunities 2021-2025

34% of the construction lifts market growth will originate from APAC during the forecast period. China is a key market for construction lifts in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Construction Lifts Market Share by Geography

APAC has been exhibiting significant growth rate for construction lifts market vendors. Factors such as increasing investments in construction activities are accelerating the construction lifts market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The construction lifts market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Construction Lifts Market Insights by Product

Construction Lifts Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The construction lifts market share growth by the construction hoists segment will be significant during the forecast period. The segment is expected to be driven by strong demand in maintenance and repair works, which develop with the volume and maturing age of buildings. The global trend of constructing high-rise buildings is also likely to drive the segment's growth. This report provides an accurate prediction of the contribution of all the segments to the growth of the construction lifts market size.

From the construction lifts market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Construction Lifts Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding construction lifts market growth is insufficient skilled labor. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The increasing investments in the construction of high-rise buildings will fuel the growth of the construction lifts market size. The expanding rate of urbanization in late decades has seen a quickened pace in the development of skyscrapers and tall structures worldwide, especially in the emerging economies of the world. The shortage of land in the thickly urbanized parts of the world is a key economic driver for the development of tall structures. The competition for developing the tallest building in a city, nation, locale, or the world is another driver for the development of tall structures worldwide. For skyscraper construction, lifts are essential transportation equipment for laborers, equipment, and material for the construction activities. They are important and necessary equipment as they oversee lifting workers and material efficiently. The number of lifts is based on the height of the building, construction sequence, and interference with the building. Hence, new skyscrapers have a direct impact on the construction lifts industry.

Technavio research analysts have done in-depth analysis of the construction lifts market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.


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Construction Lifts Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive construction lifts market growth during the next five years
  • Precise estimation of the construction lifts market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the construction lifts market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of construction lifts market vendors

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Construction Lifts Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 472.15 million

Market structure


YoY growth (%)


Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

China, US, Germany, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alimak Group AB, Fraco Products Ltd., GEDA USA LLC, KONE Corp., Maber Hoist Srl, Mohawk Industries Inc., Nidec Corp., Oshkosh Corp., STROS - Sedlcanské strojírny AS, and XL Industries Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Construction hoists - Market size and forecast 2020-2025
  • Material hoists - Market size and forecast 2020-2025
  • Work platforms - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Non-residential - Market size and forecast 2020-2025
  • Residential - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alimak Group AB
  • Fraco Products Ltd.
  • KONE Corp.
  • Maber Hoist Srl
  • Mohawk Industries Inc.
  • Nidec Corp.
  • Oshkosh Corp.
  • STROS - Sedlcanské strojírny AS
  • XL Industries Inc.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The construction lifts market growth will increase by $426.90 million during 2019-2024.
The construction lifts market is expected to grow at a CAGR of 6.13% during 2019-2024.
Technavio has segmented the construction lifts market by product (Construction hoists, Material hoists, and Work platforms) ,end user (Non-residential, Residential, and Others) , and geographic (APAC, Europe, North America, MEA, and South America).
Alimak Group AB, Fraco Products Ltd., GEDA USA LLC, KONE Corp., Maber Hoist Srl, Mohawk Industries Inc., Nidec Corp., Oshkosh Corp., STROS - Sedlcanské strojírny AS, XL Industries Inc. are a few of the key vendors in the construction lifts market.
APAC will register the highest growth rate of 36.35% among the other regions. Therefore, the construction lifts market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the construction lifts market growth are:
  • Increasing investments in construction of high-rise buildings
The construction lifts market vendors should focus on grabbing business opportunities from the construction hoists segment as it accounted for the largest market share in the base year.
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