According to MarketIntelReports “Global Construction Lifts Market Research Report 2017”:
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Construction Lifts consist of one or a couple of cabs that travel vertically along stacked mast tower structures. The mast areas are connected to the structure or building every 25 feet for additional stability. For a correct travel along the mast segments, construction platform lifts use a rack and pinion framework that moves the mast segments at different velocities. Construction lifts like the mast climbers are used increasingly in building refurbishing projects because they offer quick, efficient, reasonable, temporary access to many maintenance activities. They contribute to the Construction Lifts Market growth by increasing the application of construction hoists, material hoists, and work platforms. Activities like office refurbishment will also drive the market growth.
Scope & Regional Forecast of the Construction Lifts Market
Demand for office space in countries like Germany and Milan will boost the Construction Lifts Market in the coming years. This will boost new infrastructure developments in the region that will in turn fuel the market growth. Continuous of the major economies like Saudi Arabia towards making huge investments in infrastructure will also drive the demand for the construction elevator. The players in the market space focus on offering elevator hoist installations, rentals, maintenance, and after sales solutions for large scale public infrastructure and commercial construction projects to widen their customer base.
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The non-residential sector dominates the Construction Lifts Market at present and this dominance will continue till 2021. The growing number of construction activities in commercial buildings, offices, and various industrial structures will the boost the demand for the hoist elevator. Factors such as solid macroeconomic conditions, stable monetary circumstances, development of global economy, and administration of nearby organizations will result in high demand for office spaces, which will have a positive impact on the growth of lift for construction.
China is emerging as the manufacturer of the lift elevator despite the hoists being manufactured in large numbers in Europe and North America. The strong demand for the construction boom lift is identified with the trend of construction of high rise buildings. The work platform is the smallest segment in the Construction Lifts Market. Working platforms offer safer work places for construction workers working at a range of heights. The growth of the demand for the construction hoist elevator is restricted by the volatile global raw material prices.
Segmentations & Key Players Involved in the Construction Lifts Market
The Construction Lifts Market can be broken down into various segments as follows:
- Product- Bucket Trucks, Articulated Boom Lifts, Telescoping Boom Lifts, and Scissor Lifts.
- Application- People and cargo.
- Region- North America, Europe, China, Japan, Southeast Asia, and India.
Some of the key players involved in the Construction Lifts Market are as follows:
- Fraco Products
- TEA International
- CABR Construction Machinery Technology
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