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 2023 – 2030. 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, 2023 – 2030” 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

• Industry Investors
• Vacuum Lifter Manufacturers
• Material Handling Equipment Manufacturers
• Component Manufacturers
• Distributors, Retailers, and End-users

1.1.2   USP and Key Offerings

The report titled “Global Vacuum Tube Lifter Market - Growth, Share, Opportunities, and Competitive Analysis, 2023 – 2030” offers strategic insights into the global vacuum lifter market along with the market size and estimates for the duration 2021 to 2029. 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:

• An overview of the global vacuum tube lifter market
• Current and future market trends to justify the forthcoming attractive sub-markets within the vacuum tube lifter market
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the global vacuum tube lifter market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global vacuum tube lifter market, offering market size and estimates for the period from 2020 to 2030, keeping in mind the above mentioned factors.

On the basis of applications, the global vacuum lifter market is categorized into following segments:

• Glass Lifting
• Sheet and Plate Lifting (Plastic, wooden & metal plates, sheets, trays, boards, tables, and desk tops)
• Concrete Lifting (Concrete slabs, stones, pipes, and GRC sections)
• Manual Handling and Lifting (Boxes, cartons, sacks, coils, monitors, water canisters, barrels, etc.) 

As of 2021, 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 2023 – 2030. 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.

As of 2021, 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 2020. 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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Vacuum Tube Lifter market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Vacuum Tube Lifter market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Vacuum Tube Lifter market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Vacuum Tube Lifter market?
• Which is the largest regional market for Vacuum Tube Lifter market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Vacuum Tube Lifter market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Vacuum Tube Lifter market worldwide?