The analysts forecast global vacuum lifter market to grow at a CAGR of 7.24% during the period 2017-2021. The latest trend gaining momentum in the market is Adoption of automation in various industries.
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The rising labor costs and difficulty in finding and retaining skilled labor pose a challenge for several industries, especially those which require manual labor, such as construction and manufacturing. This is leading to an increased rate of adoption of automation in several industries.
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According to the vacuum lifter market report, one of the major drivers for this market is Rise in global constructions. Vacuum lifters are used at construction sites for handling and movement of building materials, such as concrete slabs, girders, sheet metals, pipes, and glass sheets.
As a result, the construction sector makes one of the largest end-users of vacuum lifting equipment and is expected to be the biggest driver for the global vacuum lifter market during the forecast period.
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Major key players in the global vacuum lifter market: Aardwolf, ANVER, Bystronic glass, J. SCHMALZ, Wood's Powr-Grip, ACIMEX (CBE GROUP), FEZER, ANVER, Barbaric, Biesse Group, Carl Stahl, Elephant, Fukoku, GIS, Ingersoll-Rand, Kilner Vacuumation, NATSU Machine, Ox Worldwide (Cargo Flet Blasant), PALFINGER, Probst, Scaglia INDEVA, SKANVEIR, TAWI, Caldwell, Timmer, UniMove Vacuum Lifters, Vaculex (Piab), and VACU-LIFT.
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Further, the vacuum lifter market report states that one of the major factors hindering the growth of this market is Slowdown in Chinese economy. China is one of the biggest markets for vacuum lifters, both in terms of revenue and growth potential.
However, the country's economy has been affected significantly due to the slowdown in trade and weakening of its currency. China's metal production capacity also declined during 2017, due to the supply glut.
Few Points from List of Exhibits:
Exhibit 1: Major Applications of Vacuum Lifters
Exhibit 2: Global Vacuum Lifter Market: Snapshot
Exhibit 3: Global Vacuum Lifter Market By End-User
Exhibit 4: Global Vacuum Lifter Market By Geography
Exhibit 5: Global Vacuum Lifter Market 2017-2021
Exhibit 6: Global Vacuum Lifter Market 2016-2021 ($ Millions)
Exhibit 7: Five Forces Analysis
Exhibit 8: End-User Market Size & Forecast 2016-2021 (%)
Exhibit 9: Comparison By End-User
Exhibit 10: Industrial Manufacturing Market Size & Forecast 2016-2021 ($ Millions)
Exhibit 11: Industrial Manufacturing Year-Over-Year Growth 2017-2021 (%)
Exhibit 12: Construction Market Size & Forecast 2016-2021 ($ Millions)
Exhibit 13: Construction Year-Over-Year Growth 2017-2021 (%)
Exhibit 14: Automotive Market Size & Forecast 2016-2021 ($ Millions)
Exhibit 15: Automotive Year-Over-Year Growth 2017-2021 (%)
Exhibit 16: Chemical and Pharmaceutical Market Size & Forecast 2016-2021 ($ Millions)
Exhibit 17: Chemical and Pharmaceutical Year-Over-Year Growth 2017-2021 (%)
Exhibit 18: Others Market Size & Forecast 2016-2021 ($ Millions)
Exhibit 19: Others Year-Over-Year Growth 2017-2021 (%)
Exhibit 20: Global Market Size & Forecast 2016-2021 (%)
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