Spain Hook Lift Market, By Capacity (3-5 tons, 6-10 tons, 11-15 tons and 15 tons and more), By Product Type (Normal, Telescopic, Others), By Application (Waste & Recycling, Construction & Mining, Municipalities, Logistics, Others), By Region, Competition Forecast & Opportunities, 2017-2027F
Spain Hook Lift Market was valued at USD25.04 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 8.58% owing to rising construction activities in the country, expansion in the country’s logistics sector and the government initiatives for enhanced waste management system within the country. Rapidly expanding construction industry supported by surging demand for residential, commercial and industrial infrastructure construction is anticipated to further drive the growth of the Spain hook lift market in the upcoming five years. Additionally, growing demand for more efficient and effective equipment that can serve the growing industry of freight movement and logistics sector is also fueling the growth of the Spain hook lift market in the forecast period. Moreover, considerable demand from the municipality corporation in Spain as well as growing forestry work in the country adds to the growing demand for the hook lifts, thereby aiding the growth of the Spain hook lift market in the next five years.
Additionally, growing concerns toward waste reduction also substantiates the growth of the Spain hook lift market in the future years. Growing industrialization, dumping of wastes, concerns regarding environmental degradation aids the demand for heavy machinery for the upliftment of the waste and proper disposal of the same, thereby fueling the future growth of the Spain hook lift market in the forecast period.
The Spain hook lift market is segmented by capacity, product type, application, competitive landscape and regional distribution. Based on capacity, the market is further segmented into 3-5 tons, 6-10 tons, 11-15 tons and 15 tons and more. By product type, the market is fragmented into normal, telescopic and others. Based on application, the market is segmented into waste & recycling, construction & mining, municipalities, logistics, and others. The logistics segment by application held the largest revenue shares of the market and is expected to dominate the market in the upcoming five years due to increasing infrastructure development in the country. Due to the rapidly increasing population of the country along with the increasing tourism sector, the demand for the residential buildings and hotels, restaurants are further increasing. With further enhancement in the mining activities the market is anticipated to lead in the future years.
B.o.B. Sistemi Idraulici SpA, Hyva Ibérica S.A., Cayvol Comercial, S.L., Jóvenes Industriales Metalúrgicos Componentes Arahalenses, S.L., Palfinger Ibérica, S.L., Hiab Iberia S.L.U., Meiller Iberia SL, VDL Groep BV, and Pris-Mag Srl.are among the major market players in the Spain Hook Lift Market.
Years considered for this report:
Historical Years: 2017 - 2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F – 2027F
Objective of the Study:
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