Construction Lift Market Projected to Poise at about 7% CAGR by 2023


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Market Highlights:

MarketResearch Future published a half cooked research report on Global ConstructionLift Market. Global Construction Lift Market is expected to grow over the CAGRof around 7% during the period 2016 to 2023.

The constructionlift market is majorly driven by the increase in the investments in theconstruction of commercial buildings. The market is also driven by the growthin new construction and renovation activities that are being led by the agingof old building structures. The strict rules and regulations introduced for thesafety of workers at construction sites, are also leading to the increased use ofconstruction lifts during the construction activities in both residential andnon-residential sector.   

Key Players:

The key Playersof Global Construction Lift Market include Alimak Group AB (Sweden), FracoProducts Ltd (Canada), XL Industries (France), Maber (Nottingham), STROS(CzechRepublic), 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),  KONECorporation (Finland) and others.

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Market Research Analysis:

Based onall types of products, the Construction lift market has been segmented as constructionhoists, material hoists, work platforms and others.  The construction hoists segment is expected togrow with the highest rate during the forecast period. Its growth can beattributed to the emerging needs of maintenance and repair work, which develop asbuilding structures mature.  The materialhoist segment is expected to be driven by the emerging trend of construction ofhigh rise buildings.  

Based onapplications, the construction lift market has been segmented as residentialand non-residential. The non-residential segment is expected to grow thefastest during the forecast period. The growth can be attributed to the rapidimprovement in the construction activities for commercial buildings, officesand other industrial structures. Various factors are leading to the increaseddemand for office spaces such as overall development of global economy andstable monetary situations among others, which is leading to an increasedgrowth of construction lift market for the non-residential segment.    

Scope of the Report:

This studyprovides an overview of the global construction lift market, tracking twomarket segments across four geographic regions. The report studies key players,providing a five-year annual trend analysis that highlights market size, volumeand share for North America, Europe, Asia Pacific (APAC) and Rest of the World(ROW). The report also provides a forecast, focusing on the marketopportunities for the next five years for each region.

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The scopeof the study segments the global Construction lift market by its product,application and region.

ByProduct:

·        ConstructionHoists

·        MaterialHoists

·        WorkPlatforms

·        Others

ByApplication:

·        Residential

·        Non-Residential

By Region:

·        NorthAmerica 

·        AsiaPacific 

·        Europe

·        Restof the World

About Market Research Future:

At Market Research Future (MRFR), we enable ourcustomers to unravel the complexity of various industries through our CookedResearch Report (CRR), Half-Cooked Research Reports (HCRR), Raw ResearchReports (3R), Continuous-Feed Research (CFR), and Market Research &Consulting Services.

MRFR teamhave supreme objective to provide the optimum quality market research andintelligence services to our clients. Our market research studies by products,services, technologies, applications, end users, and market players for global,regional, and country level market segments, enable our clients to see more,know more, and do more, which help to answer all their most importantquestions.

In orderto stay updated with technology and work process of the industry, MRFR oftenplans & conducts meet with the industry experts and industrial visits forits research analyst members.

Contact:

Akash Anand,

Market Research Future

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Maharashtra, India

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.