United States Steel Coil Lifter Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The US Steel Coil Lifter Market is witnessing significant growth due to the increasing demand from a wide range of industries, including manufacturing, construction, and automotive. Steel coil lifters are vital tools used to handle and move heavy steel coils, making them an essential component of the industrial sector. As steel coils are often large, heavy, and cumbersome, the need for efficient lifting solutions has increased to improve safety, productivity, and operational efficiency across various industries.
The US market for steel coil lifters is expanding due to the surge in manufacturing and infrastructure projects. The automotive industry, in particular, has seen a steady rise in demand for steel coil lifters. As vehicle production continues to scale up, manufacturers rely on steel coil lifters to safely and quickly transport raw materials, ensuring a smooth supply chain. Similarly, construction projects, which require steel coils for structural reinforcement, have further fueled the demand for these lifters.
The key types of steel coil lifters in the market include manual, electric, and hydraulic versions. Manual steel coil lifters are cost-effective and widely used in small and medium-sized facilities, while electric and hydraulic models offer more automation, lifting capacity, and efficiency for larger operations. Electric models are particularly popular for high-volume manufacturing, as they reduce human effort and enhance productivity. Hydraulic steel coil lifters are favored for their ability to handle very heavy coils and for their superior control in delicate lifting operations.
Industries are increasingly looking for steel coil lifters that are versatile, durable, and safe to operate. The growing need for compliance with strict safety standards has led to the development of more advanced models with features such as overload protection, automatic locking systems, and enhanced ergonomics to reduce operator fatigue. The evolving demands of industries are driving the innovation of steel coil lifters, ensuring that these devices meet the rigorous operational needs of the modern manufacturing and construction landscapes.
In addition to industries such as automotive and construction, steel coil lifters are also crucial for sectors like shipbuilding, aerospace, and energy. These lifters help in the efficient handling of heavy materials required for the production of large components. With advancements in technology and growing industry needs, the steel coil lifter market is expected to continue evolving and offering more robust and tailored solutions for different industrial sectors.
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Bradley Lifting
Caldwell
Kito
Mazzella Companies
Hunter Lift
Peerless Industrial
Hercules
Buffalo Lifting and Testing
Greenfield Products
Engineered Lifting Technologies
Bushman Equipment(Xtek)
Shengda Lifting Equipment Manufacturing
M/s Pragya Precision Equipment
Armic Engineering
GMP
Admech Equipment
Synergy Automation Systems
FT Industries
HVR Magnetic
Heppenstall Technology
MANUVIT
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Steel Coil Lifter Market
Automotive Industry
Construction Industry
Shipbuilding Industry
Heavy Equipment Manufacturing
Aerospace Industry
General Manufacturing
Up to 5 Tons
5 to 10 Tons
10 to 20 Tons
Above 20 Tons
Electric Steel Coil Lifter
Hydraulic Steel Coil Lifter
Manual Steel Coil Lifter
Single Hook Lifter
Double Hook Lifter
Vertical Lifter
Horizontal Lifter
Manual Lifting
Automated Lifting
Semi-Automated Lifting
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Steel Coil Lifter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Steel Coil Lifter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Steel Coil Lifter Market, By Type
6. US Steel Coil Lifter Market, By Application
7. US Steel Coil Lifter Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Steel Coil Lifter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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