Report Scope
This report analyzes the global vacuum tube lifter market in terms of application, end-use, and geography. Based on application, the global vacuum tube lifter market is segregated into glass handling, sheet and plate handling, concrete handling, and manual handling. Similarly, on the basis of end-use, the market for vacuum tube lifter 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, 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 has allowed manufacturers to develop vacuum lifters for lifting, handling, and transporting heavy voluminous and complex objects like concrete slabs, metal sheets and plates without damage at the requisite site. These factors are expected to contribute towards a CAGR of 4.5% during the forecast period 2015 – 2022. However, issues such as lack of product differentiation resulting in price wars and profit crunching pose moderate challenge to the 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 with in-depth insights to enable them make informed strategic decisions related to the opportunities in the vacuum lifter market.
1.1.1 Target Audience
1.1.2 USP and Key Offerings
The report titled “Global Vacuum Tube Lifter Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global vacuum lifter market along with the market size and estimates for the duration 2014 to 2022. The said research study covers in-depth analysis of multiple market segments based on product type, application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading vacuum tube lifter manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global vacuum tube lifter market, offering market size and estimates for the period from 2014 to 2022, keeping in mind the above mentioned factors.
On the basis of applications, the global vacuum lifter market is categorized into following segments:
The following figure represents contribution of these application segments to the global vacuum lifter market in 2014 and 2022
As of 2014, vacuum tube lifters and manual handling/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-third 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 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 industrial manufacturing and automotive segment.
On the basis of geography, the global vacuum lifter market is segmented into following regions and countries.
The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global vacuum tube lifter market in 2014 is as shown in the figure below.
As of 2014, Europe led the global vacuum tube lifter market in terms of revenue and Asia Pacific led the global vacuum 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 prolong and it is presumed that Asia Pacific will surpass Europe in terms of revenue contribution by 2019. Increasing industrial automation for moving/transporting fragile work structures (sheets, slabs, etc.) from one place to other without damage bodes well for the market growth across geographies. Asia Pacific, especially China represents the most lucrative vacuum tube lifting equipment market led by the growing demand from 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.