The construction lift comprises either one or a couple of cabs (cages) that travel vertically along stacked mast tower structures. The mast areas are connected to the structure or building at every 25 feet (7.62 meters) for additional stability. For correctly controlled travel along the mast segments, modern construction lifts utilize a motorized rack-and-pinion framework that moves the mast segments at different velocities. Though hoists have been overwhelmingly manufactured in Europe and the US, China is emerging as a manufacturer of construction lifts.
Technavio’s analysts forecast the global construction lifts market to grow at a CAGR of 7.43% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global construction lifts market for 2017-2021. To calculate the market size, the report considers the revenue generated from construction lift sales worldwide for 2016.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Construction Lifts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • AVRO Hoist Company • Böcker Maschinenwerke GmbH • CABR Construction Machinery Technology • DE JONG Hoists (Aus) • Electroelsa • GAOLI Engineering Machinery • GEDA-USA • Ningbo Hongda Elevator • KAISAB • KONE • PEGA HOIST • RAXTAR • SAEClimber • SALTEC Elevation Solutions • TEA International
Market driver • Increasing investments in construction of high rise buildings. • For a full, detailed list, view our report
Market challenge • Volatile global raw material prices. • For a full, detailed list, view our report
Market trend • Adoption of high-speed construction hoists. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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