Global Industrial Lifts Market to Reach $25.4 Billion by 2030
The global market for Industrial Lifts estimated at US$17.4 Billion in the year 2023, is expected to reach US$25.4 Billion by 2030, growing at a CAGR of 5.6% over the period 2023-2030.
The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 8.4% CAGR
The Industrial Lifts market in the U.S. is estimated at US$4.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
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