In 2021, the U.S.
lifting equipment market grew X% to $X for the first time since 2018, ending a two-year downward trend. During the period under review, however, there was a sudden drop in consumption. During the period under review, the market peaked at $X in 2012; however, from 2013 to 2021, consumption was at lower levels.
In value terms, hoisting equipment production rose significantly to $X in 2021. But overall, there has been a serious setback in production. The growth rate was most pronounced in 2016, with production increasing by X% over the previous year. Lifting equipment production peaked at $X in 2012; however, production has remained low from 2013 to 2021.
U.S. lifting equipment export scale
After two years of decline, overseas shipments of lifting equipment increased by X% to X units in 2021. But overall, exports continued to show a trend of abrupt contraction. Exports peaked at X units in 2012; however, from 2013 to 2021, exports failed to regain momentum.
Lifting equipment exports soar to $X in 2021 by value. However, during the review period, there was a sudden pullback in exports. Exports peaked at $X in 2012; however, from 2013 to 2021, exports failed to regain momentum.
The Netherlands (X units),
Canada (X units), and
Mexico (X units) were the top destinations for U.S. lifting equipment exports, together accounting for X% of total exports. This is followed by the United Arab Emirates, Guyana, United Kingdom, Chile, Brazil, Taiwan (China), Colombia, Turkey and Japan, which have the highest growth rates from 2012 to 2021. Among the top destination countries, Turkey Delivered shipments (+X% CAGR) while other leaders saw more modest growth.
By value, the largest markets for lifting equipment exports from the
United States are the Netherlands ($X), Canada ($X), and Mexico ($X), which together account for X% of total exports. This is followed by Guyana, the United Kingdom, Brazil, Chile, Turkey, Taiwan (China), Japan, Colombia and the United Arab Emirates, which add up to X again, with a CAGR of +X%, recorded The ratios were highest during the period under review, with the value of exports from major destination countries growing, while shipments from other leaders grew at a more moderate pace.
Import Scale of U.S. Lifting Equipment
In 2021, the foreign supply of lifting equipment finally rose to X units after two years of decline. During the period under review, imports showed a relatively stable trend pattern. The growth rate was most pronounced in 2018, with an X% increase. As a result, imports peaked at X units. Import growth will remain low in 2019-2021.
In value terms, hoisting equipment imports rose sharply to $X in 2021. Overall, imports showed moderate growth. The growth rate was the fastest in 2018, up by X%. As a result, imports peaked at X dollars. Import growth will remain low in 2019-2021.
The United Kingdom (X units), China (X units) and Italy (X units) are the main suppliers of lifting equipment imported to the United States, together accounting for X% of total imports. This is followed by Poland, Sweden, Germany, Denmark, Japan, the Netherlands, Norway, Australia, South Korea and Canada, which have seen the most significant growth in purchases from 2012 to 2021, with Poland receiving the main supply (+X% CAGR), while imports from other leading suppliers grew at a more modest rate.
Italy ($X) is the largest supplier of lifting equipment to the US by value, representing X% of total imports. In second place is the United Kingdom ($X) with X% of total imports. It is followed by Germany with an X% share.
From 2012 to 2021, the average annual growth in value from Italy totals +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: United Kingdom (+X% per annum) and Germany (-X% per annum).
Statistics of various crane suppliers in U.S.
Italy is the largest supplier of lifting equipment to the US by value, accounting for 43% of total imports. In second place is the UK, with 11% of total imports. It is followed by Germany with a share of 9.3%.
The Netherlands, Canada and Mexico are the world’s largest markets for hoisting equipment exports from the US by value, together accounting for 52% of total exports. This is followed by Guyana, the United Kingdom, Brazil, Chile, Turkey, Taiwan), Japan, Colombia and the United Arab Emirates, which together account for 30 percent.
The average export price of hoisting equipment in 2021 is $11,421 per unit, down -9.5% from the previous year.
The average import price of hoisting equipment in 2021 will be US$4,932 per unit, up 3% from the previous year.
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U.S. Lifting Equipment Market Analysis 2022