Articulated Lift Market size was valued at USD 4.5 Billion in 2024 and is projected to reach USD 7.2 Billion by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
In 2022, the global articulated lift market was valued at approximately USD 5.1 billion and is projected to reach USD 8.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. North America held the largest market share at 38%, followed by Asia Pacific at 32%, Europe at 18%, Latin America at 7%, and the Middle East & Africa at 5%. The Asia Pacific region is anticipated to experience the highest growth rate, driven by rapid urbanization and substantial investments in infrastructure development, particularly in countries like China and India.The increasing demand for articulated lifts in the construction sector, which accounted for 40% of the market share in 2023, is a significant growth driver. Additionally, the logistics application segment is projected to grow at the fastest rate during the forecast period due to the expanding need for efficient material handling solutions in warehouses and distribution centers. Opportunities in the market are further bolstered by technological advancements, such as the development of electric and hybrid articulated lifts, aligning with the global emphasis on sustainability and environmental regulations. Manufacturers focusing on these innovations are well positioned to capitalize on the evolving market demands.
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Toyota Industries Corporation
KION Group
Mitsubishi Nichiyu Forklift
Jungheinrich AG
Crown Equipment
Hyster-Yale Materials Handling
Anhui Forklift Truck
Doosan Industrial Vehicle
Hangcha Group
Clark Material Handling
Komatsu
Hyundai Heavy Industries
Combilift
EP Equipment
Konecranes
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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. 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 Global Articulated Lift Market
Electric Articulated Lifts
Diesel Articulated Lifts
Hybrid Articulated Lifts
Construction
Maintenance and Repair
Warehouse Operations
Film and Entertainment
Aerospace and Aviation
Low-level Articulated Lifts (up to 20 ft)
Mid-level Articulated Lifts (20 ft to 40 ft)
High-level Articulated Lifts (over 40 ft)
Contractors
Facility Management Companies
Retail Businesses
Event Management Companies
Government Agencies
New Articulated Lifts
Used/Refurbished Articulated Lifts
Rental Articulated Lifts
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 Global Articulated Lift 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. Global Articulated Lift Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Articulated Lift Market, By Type
6. Global Articulated Lift Market, By Application
7. Global Articulated Lift Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Articulated Lift Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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