Market Synopsis of Construction Lift Market:
The major factor driving the Global Construction Lift Market is the rise in the demand for residential and non-residential constructions all over the world. The strict rules and regulations for the safety of workers in the construction industry and the rapidly increasing innovations of building, owing to aging structures is also driving the growth of the construction lift market. However, the growth of this market is expected to be restrained by the unavailability of skilled labor and the huge fluctuations in the prices of the raw materials.
The Construction Lift Market is expected to grow with 7% CAGR during the forecast period.
The Global Construction Lift Market is majorly driven by the increase in the adoption of high speed construction hoists. The conveyance of man and material on construction sites, are primarily done by the use of construction lifts, thereby driving the growth of the market. The rapidly increasing number of investments in the construction of high rise buildings is also driving the growth of the market. Construction Lifts Market is also highly dependent on the construction of skyscrapers. In the construction of skyscrapers, lifts are an essential transportation equipment for laborers, equipment, and materials.
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Geographically, the construction lift market has been segmented as North America, Asia-Pacific, Europe and Rest of the world. Asia-Pacific region is expected to dominate the global construction lift market, owing to factors such as rapid urbanization and industrialization, which is leading to the increase in construction activities. The rise in the disposable income of the people in the region is also leading to development of better infrastructure and increase in demand for high rise apartments in the rural areas. Construction lifts are manufactured in large volumes in the North America and Europe region, which is further driving the Construction Lift Market in the region.
Regional Analysis of Global Construction Lift Market:
The Asia-Pacific region is the fastest growing region for the Construction Lift Market, owing to rising disposable incomes and the booming construction industry. The increasing urbanization and the industrialization in the developing nations is also driving the growth of the Asia-Pacific region. The North America and Europe region has wide manufacturing base for construction lifts, which is further driving the growth of the market in their respective countries.
The key players of Global Construction Lift Market are Alimak Group AB (Sweden), Fraco Products Ltd (Canada), XL Industries (France), Maber (Nottingham), STROS(Czech Republic), Electroelsa SRL (Italy), GAOLI Engineering Machinery Co. ltd (Jiangsu), GEDA USA, LLC (U.S.), Ningbo Hongda Elevator Co. Ltd. (China), KAISAB Company Ltd. (Saudi Arabia), KONE Corporation (Finland) and others.
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Key Points from Table of Contents:
7 Competitive Analysis
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Product/Service Benchmarking
7.3 Alimak Group AB (Sweden)
7.3.2 Product/Service Offering
7.4 Fraco Products Ltd (Canada)
7.4.2 Product/Service Offering
7.5 XL Industries (France)
7.5.2 Product/Service Offering
7.6 Maber (Nottingham)
7.6.2 Product/Service Offering
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