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U.S. - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLifting Equipment Price in the United States - 2023
Contents:
- Lifting Equipment Price in the United States (CIF) - 2022
- Lifting Equipment Price in the United States (FOB) - 2023
- Lifting Equipment Imports in the United States
- Lifting Equipment Exports in the United States
Lifting Equipment Price in the United States (CIF) - 2022
In 2022, the average lifting equipment import price amounted to $3,529 per unit, with an increase of 5.2% against the previous year. In general, the import price recorded a moderate expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 272%. The import price peaked at $5,332 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($12,566 per unit), while the price for Sweden ($557 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.
Lifting Equipment Price in the United States (FOB) - 2023
The average lifting equipment export price stood at $11,455 per unit in September 2023, increasing by 55% against the previous month. Over the period under review, export price indicated a measured expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, lifting equipment export price increased by +55.1% against August 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 100% against the previous month. As a result, the export price reached the peak level of $16,907 per unit; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Belgium ($76,996 per unit), while the average price for exports to Portugal ($2,812 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1,898.1%), while the prices for the other major destinations experienced more modest paces of growth.
Lifting Equipment Imports in the United States
In 2022, lifting equipment imports into the United States soared to 15K units, increasing by 23% on the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, lifting equipment imports surged to $53M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Lifting Equipment in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 20.0 | 14.8 | 17.6 | 21.3 | 2.1% |
Netherlands | 0.6 | 2.5 | 1.5 | 7.1 | 127.9% |
United Kingdom | 0.7 | 1.4 | 4.3 | 5.1 | 93.9% |
Canada | 1.1 | 1.0 | 1.3 | 4.2 | 56.3% |
Germany | 8.2 | 4.3 | 3.8 | 4.0 | -21.3% |
China | 1.3 | 0.5 | 0.5 | 1.4 | 2.5% |
Denmark | 4.0 | 3.7 | 2.1 | 1.2 | -33.1% |
Sweden | 1.7 | 0.4 | 0.8 | 1.1 | -13.5% |
Spain | 1.3 | 0.1 | N/A | 0.3 | -38.7% |
Japan | 0.4 | 0.3 | 0.6 | 0.2 | -20.6% |
Singapore | N/A | 0.9 | N/A | N/A | 0% |
Others | 3.9 | 8.2 | 8.6 | 7.2 | 22.7% |
Total | 43.1 | 38.1 | 41.1 | 53.1 | 7.2% |
Top Suppliers of Lifting Equipment to the United States in 2022:
- Singapore (undefinedK units)
- United Kingdom (4.3K units)
- China (2.3K units)
- Sweden (2.0K units)
- Italy (1.7K units)
- Netherlands (1.3K units)
- Canada (0.9K units)
- Germany (0.7K units)
- Spain (0.3K units)
- Japan (0.2K units)
- Denmark (0.1K units)
Lifting Equipment Exports in the United States
In 2022, the amount of lifting equipment exported from the United States declined to 1.9K units, waning by -7.4% on the year before. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked at 2.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lifting equipment exports contracted significantly to $19M in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs at $37M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Lifting Equipment in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 4.8 | 3.1 | 3.3 | 4.7 | -0.7% |
Canada | 3.6 | 3.0 | 4.3 | 4.1 | 4.4% |
Japan | 0.9 | 0.2 | 0.4 | 1.6 | 21.1% |
Bahamas | 0.6 | 0.4 | 0.4 | 1.0 | 18.6% |
Vietnam | 0.7 | N/A | 0.4 | 0.6 | -5.0% |
Russia | N/A | N/A | N/A | 0.6 | 0% |
Colombia | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
Australia | 0.5 | 0.1 | 0.2 | 0.4 | -7.2% |
Taiwan (Chinese) | 0.4 | 1.1 | 0.6 | 0.4 | 0.0% |
Netherlands | 10.2 | 1.0 | 7.3 | 0.4 | -66.0% |
South Korea | 0.6 | 0.1 | N/A | 0.4 | -12.6% |
Singapore | 1.8 | 0.2 | 0.2 | 0.2 | -51.9% |
China | 1.2 | 0.1 | 0.2 | 0.2 | -45.0% |
Others | 11.9 | 8.8 | 11.1 | 3.9 | -31.1% |
Total | 37.3 | 18.3 | 28.7 | 19.2 | -19.9% |
Top Export Markets for Lifting Equipment from the United States in 2022:
- Canada (558.0 units)
- Mexico (339.0 units)
- Japan (177.0 units)
- Bahamas (71.0 units)
- Australia (63.0 units)
- Colombia (60.0 units)
- Vietnam (45.0 units)
- Russia (44.0 units)
- South Korea (39.0 units)
- Netherlands (38.0 units)
- Taiwan (Chinese) (33.0 units)
- Singapore (22.0 units)
- China (19.0 units)
This report provides an in-depth analysis of the lifting equipment market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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