The lifting columns market share is expected to increase by USD 240.05 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.4%. This lifting columns market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The lifting columns market report also offers information on several market vendors, including B. Ketterer Sohne GmbH & Co. KG, DIHAO Electric Zhejiang Co. Ltd., Hettich Holding GmbH and Co. oHG, HOERBIGER Holding AG, LINAK AS, Phoenix Mecano Inc., Romheld GmbH Friedrichshutte, SUSPA GmbH, Thomson Industries Inc., and TiMOTION Technology Co. Ltd. among others. Furthermore, this report extensively covers lifting columns market segmentation by product (multi-stage lifting columns and two-stage lifting columns), application (industrial sector, healthcare sector, and ergonomics), and geography (North America, Europe, APAC, MEA, and South America).
What will the Lifting Columns Market Size be During the Forecast Period?
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Lifting Columns Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for medical facilities using lifting columns is notably driving the lifting columns market growth, although factors such as adoption of competitive pricing strategies among vendors offering undifferentiated products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lifting columns industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Lifting Columns Market Driver
The increasing demand for medical facilities using lifting columns is one of the key factors driving the growth of the global lifting columns market. In the healthcare sector, different types of medical equipment need vertical lifts, which include beds, treatment chairs, wheelchair lifts, examination tables, dental chairs, and adjustable nurses’ stations as they help to improve accessibility and comfort. Furthermore, decreased birth rates and increased life expectancy is increasing the percentage of the aging population in the US and Europe, which is raising the demand for medical beds and chairs that use lifting columns. Moreover, the recent outbreak of COVID-19 globally has raised concerns among the people. This has led to an increase in the demand for medical and healthcare facilities, thus, encouraging various enterprises in the healthcare sector to increase their infrastructure, such as beds, which, in turn, will support the demand for lifting columns. Furthermore, vendors offer products to the healthcare sector with increased load capacity, noise reduction, and enhanced ergonomics with reduced overall costs for buyers by providing easy, one-step installation, minimal downtime, and maintenance-free operations.
Key Lifting Columns Market Trend
The technological advancements will fuel the global lifting columns market growth. The demand for lifting columns is driven by the introduction of multiple advanced technologies that help in robust and smooth movements of columns. For example, the introduction of mobile applications on iOS and Android mobile devices links smartphones with the movement of the desk through Bluetooth wireless technology. For instance, the STAND UP PLS application from TiMOTION Technology and Desk Control application from LINAK make adjusting ergonomic desks smart and easy, thereby enabling the control of the heights of desks from mobile devices. Another example of advanced technologies in the lifting columns market is the introduction of the Multilift II impact lifting column by RK Rose+Krieger, a subsidiary of Phoenix Mecano. This system is integrated with a damping system that can absorb high-impact forces, which is useful in industrial assembly tables. Similarly, RK Rose+Krieger also introduced the Multilift II ESD, which is an electric height adjustment system that can dissipate voltages. This function is achieved by equipping the workstation with antistatic finishing, which allows the safe dissipation of electrostatic discharges by interrupting electric connections between the tables and foot frames, thereby helping the electronics and semiconductor manufacturing industry.
Key Lifting Columns Market Challenge
The adoption of competitive pricing strategies among vendors offering undifferentiated products is a major challenge for the global lifting columns market growth. The global lifting columns market is fragmented with the presence of big, small, local, and international vendors. Since the products offered by these vendors are undifferentiated, capturing the market depends on the pricing strategy of vendors. The presence of intensive market rivalry and pricing competition leads to a decrease in the prices of products, which decreases the revenue of the global market and leads to a low return on investment (ROI) for manufacturers of lifting columns. Furthermore, these market conditions increase challenges for well-established vendors to sustain in the market as they are focused on the quality of products, whereas the purchasing decision of customers is based on the costs of products. This market condition is specifically witnessed in regions like APAC, where global vendors find it difficult to cater to price-sensitive consumers.
This lifting columns market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
The global lifting columns market is a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lifting columns market during the forecast period.
Who are the Major Lifting Columns Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- B. Ketterer Sohne GmbH & Co. KG
- DIHAO Electric Zhejiang Co. Ltd.
- Hettich Holding GmbH and Co. oHG
- HOERBIGER Holding AG
- LINAK AS
- Phoenix Mecano Inc.
- Romheld GmbH Friedrichshutte
- SUSPA GmbH
- Thomson Industries Inc.
- TiMOTION Technology Co. Ltd.
This statistical study of the lifting columns market encompasses successful business strategies deployed by the key vendors. The lifting columns market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- B. Ketterer Sohne GmbH & Co. KG - The company offers lifting columns that are designed to move a wide variety of weights where the mechanical drives are synchronized via a continuous hexagonal rod and together with the assembly friendly screw fastening, the lifting unit supports a simple structure of the drive system, under the brand name of Ketterer.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lifting columns market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Lifting Columns Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the lifting columns market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Lifting Columns Market?
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33% of the market’s growth will originate from North America during the forecast period. The US is the key market for lifting columns market in North America. Market growth in this region will be slower than the growth of the market in regions.
The increasing demand for medical facilities using lifting columns will facilitate the lifting columns market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The covid-19 led to a halt in production activities in the automotive and industrial sectors across the region, resulting in decreased revenue for companies operating in these sectors. This, in turn, slowed down the adoption of automated solutions, which consequently reduced the demand for lifting columns in 2020. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
What are the Revenue-generating Product Segments in the Lifting Columns Market?
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The lifting columns market share growth by the industrial sector segment will be significant during the forecast period. The Industrial sector had a dominant market share in 2020 due to the high demand for lifting columns from multiple industries like packaging, oil and gas, and power industries. The rising demand for automation in multiple industries to increase operational efficiency drives this market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the lifting columns market size and actionable market insights on post COVID-19 impact on each segment.
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Lifting Columns Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
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Market growth 2021-2025 |
$ 240.05 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.94 |
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Regional analysis |
North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, China, Germany, Italy, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
B. Ketterer Sohne GmbH & Co. KG, DIHAO Electric Zhejiang Co. Ltd., Hettich Holding GmbH and Co. oHG, HOERBIGER Holding AG, LINAK AS, Phoenix Mecano Inc., Romheld GmbH Friedrichshutte, SUSPA GmbH, Thomson Industries Inc., and TiMOTION Technology Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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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. |
What are the Key Data Covered in this Lifting Columns Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive lifting columns market growth during the next five years
- Precise estimation of the lifting columns market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the lifting columns industry across North America, Europe, APAC, MEA, South America, 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 lifting columns market vendors
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