This report analyses the global vacuum tube lifter market in terms of application, end-user, and geography. Based on application, the global vacuum tube lifter market is segmented into glass handling, sheet and plate handling, concrete handling, and manual handling. Similarly, on the basis of end-user, the market for vacuum tube lifters is further classified into construction and heavy equipment, automotive and transport, chemical and pharmaceutical, and industrial manufacturing. The geographical distribution of the global vacuum tube lifter market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Overview:
Growing industrial automation, coupled with the resurgence in the manufacturing and construction sectors, is identified as the major factor driving vacuum lifting equipment demand worldwide. In addition, the advancements in suction technology have allowed manufacturers to develop vacuum lifters for lifting, handling, and transporting heavy, voluminous, and complex objects like concrete slabs, metal sheets, and plates without causing damage at the requisite site. These factors are expected to contribute to a CAGR of 4.5% during the forecast period of 2015–2022. However, issues such as lack of product differentiation resulting in price wars and profit crunching pose a moderate challenge to market growth.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled "Vacuum Tube Lifter Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the vacuum lifter market.
1.1.1 Target Audience
Industry Investors
Manufacturers of vacuum lifters
Material handling equipment manufacturers
Component Manufacturers
Distributors, Retailers, and End-Users
On the basis of applications, the global vacuum lifter market is categorized into the following segments:
Glass Lifting
Sheet and Plate Lifting (plastic, wooden, and metal plates, sheets, trays, boards, tables, and desktops)
Concrete Lifting (concrete slabs, stones, pipes, and GRC sections)
Manual Handling and Lifting (Boxes, Cartons, Sacks, Coils, Monitors, Water Canisters, Barrels, etc.)
As of 2014, vacuum tube lifters and manual handling and lifting equipment used for handling boxes, cartons, sacks, coils, monitors, water canisters, barrels, etc., represented the largest application segment. The segment accounted for over two-thirds of the global market revenue in the same year. The trend shall prolong, and the segment is presumed to remain the largest revenue-contributing segment, exhibiting maximum growth through the forecast period of 2015–2022. On the other hand, other segments, including sheet and plate lifting and glass lifting, are also presumed to witness steady growth during the same time frame on account of the growing demand from the industrial manufacturing and automotive segments.
On the basis of geography, the global vacuum lifter market is segmented into the following regions and countries:
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Rest of the World
Latin America
Middle East
Africa
As of 2014, Europe led the global vacuum tube lifter market in terms of revenue, and Asia Pacific led the global vacuum tube lifter market in terms of unit shipments. Europe acquired around 31.0% of the global market revenue, while Asia-Pacific accounted for around one-third of the shipments worldwide. The trend shall continue, and it is presumed that Asia Pacific will surpass Europe in terms of revenue contribution by 2019. Increasing industrial automation for moving and transporting fragile work structures (sheets, slabs, etc.) from one place to another without damaging them bodes well for market growth across geographies. Asia Pacific, especially China, represents the most lucrative vacuum tube lifting equipment market, led by the growing demand from the construction, food and beverage, and pharmaceutical segments. The growth in emerging economies like India is expected to be spurred by strong demand from the automotive sector.
Frequently Asked Questions:
The market for Vacuum Tube Lifter is expected to reach XX Mn in 2023.
The Vacuum Tube Lifter is expected to see significant CAGR growth over the coming years, at 4.5%.
The report is forecasted to 2016-2023.
The base year of this report is 2015.
Schmalz GmbH,Aardwolf Group, GGR Group,Peter Hird and Sons Ltd,Wood's Powr-Grip, Co. Inc. are some of the major players in the global market.
