The global market for Construction Lifts was estimated at US$1.7 Billion in 2024 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 4.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Construction Lifts market.
The growth of the construction lifts market is primarily driven by the booming construction industry, especially in developing countries where infrastructure development is a priority. Rapid urbanization and the need for high-rise buildings in densely populated areas have significantly increased the demand for construction lifts. Renovation and reconstruction of existing structures also contribute to market growth, as these projects often require efficient transportation of materials to higher elevations. Furthermore, the efficient and safe movement of construction materials such as cement, gravel, and bricks using construction lifts enhances productivity and reduces manual labor. This is particularly important in the construction of high-rise buildings where manually transporting materials is impractical and time-consuming. The integration of new technologies, such as the Internet of Things (IoT), in construction equipment allows companies to monitor and optimize the operations of their construction lifts, further driving market growth.
The construction lifts market is significantly influenced by the increased adoption of automation and advanced technology to enhance the efficiency and safety of lifts. The rise of smart cities and the push for efficient urban environments have spurred the demand for modern construction lifts equipped with advanced control systems and real-time monitoring capabilities. The shift towards sustainability and eco-friendly practices has also influenced the market, with manufacturers developing lifts that are more energy-efficient and environmentally friendly. The continuous innovation in lift technology and the growing construction activities worldwide, particularly in emerging economies, present substantial opportunities for the construction lifts market. The development of lifts that can operate in diverse and challenging environments, coupled with the need for efficient material handling in high-rise construction, ensures the sustained growth and relevance of construction lifts in the industry.
Construction Lifts - Key Trends and Drivers
Construction lifts, essential machinery for vertical transportation of materials and personnel on construction sites, feature aerial platforms supported by extension frames, typically mounted on vehicles or directly on the ground. These lifts facilitate the movement of materials during various stages of a construction project and elevate workers to reach difficult areas for detailed finishing work. There are several types of construction lifts, each designed for specific tasks and offering unique advantages. Examples include articulating boom lifts, which have jointed arms that maneuver around obstacles; telescopic boom lifts, known for their long, extendable arms reaching high elevations; and towable boom lifts, designed for easy transportation between sites. Additionally, bucket trucks (cherry pickers) and rough terrain scissor lifts cater to specialized needs like utility work and rugged outdoor conditions. Vertical mast lifts, on the other hand, are ideal for tight spaces but have a lower maximum height.The growth of the construction lifts market is primarily driven by the booming construction industry, especially in developing countries where infrastructure development is a priority. Rapid urbanization and the need for high-rise buildings in densely populated areas have significantly increased the demand for construction lifts. Renovation and reconstruction of existing structures also contribute to market growth, as these projects often require efficient transportation of materials to higher elevations. Furthermore, the efficient and safe movement of construction materials such as cement, gravel, and bricks using construction lifts enhances productivity and reduces manual labor. This is particularly important in the construction of high-rise buildings where manually transporting materials is impractical and time-consuming. The integration of new technologies, such as the Internet of Things (IoT), in construction equipment allows companies to monitor and optimize the operations of their construction lifts, further driving market growth.
The construction lifts market is significantly influenced by the increased adoption of automation and advanced technology to enhance the efficiency and safety of lifts. The rise of smart cities and the push for efficient urban environments have spurred the demand for modern construction lifts equipped with advanced control systems and real-time monitoring capabilities. The shift towards sustainability and eco-friendly practices has also influenced the market, with manufacturers developing lifts that are more energy-efficient and environmentally friendly. The continuous innovation in lift technology and the growing construction activities worldwide, particularly in emerging economies, present substantial opportunities for the construction lifts market. The development of lifts that can operate in diverse and challenging environments, coupled with the need for efficient material handling in high-rise construction, ensures the sustained growth and relevance of construction lifts in the industry.
SCOPE OF STUDY:
The report analyzes the Construction Lifts market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: End-Use (Residential Construction End-Use, Non-Residential Construction End-Use)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Residential Construction End-Use segment, which is expected to reach US$1.5 Billion by 2030 with a CAGR of a 4.4%. The Non-Residential Construction End-Use segment is also set to grow at 3.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $468.3 Million in 2024, and China, forecasted to grow at an impressive 7.8% CAGR to reach $474.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Construction Lifts Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Construction Lifts Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Construction Lifts Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Alimak Group AB, BrandSafway, Electroelsa srl, Fraco Products Ltd., Gaoli Engineering Machinery Co.,Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 34 companies featured in this Construction Lifts market report include:
- Alimak Group AB
- BrandSafway
- Electroelsa srl
- Fraco Products Ltd.
- Gaoli Engineering Machinery Co.,Ltd.
- GEDA - USA
- Geda Gmbh
- ICARE Lifts Systems
- Kone Corporation
- Maber Hoist s.r.l.
- Pega Hoist Ltd.
- SAEClimber S.L.
- Spartan Engineering Industries Pvt. Ltd.
- STROS - Sedlcanské strojírny AS
- Ucel Inc.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alimak Group AB
- BrandSafway
- Electroelsa srl
- Fraco Products Ltd.
- Gaoli Engineering Machinery Co.,Ltd.
- GEDA - USA
- Geda Gmbh
- ICARE Lifts Systems
- Kone Corporation
- Maber Hoist s.r.l.
- Pega Hoist Ltd.
- SAEClimber S.L.
- Spartan Engineering Industries Pvt. Ltd.
- STROS - Sedlcanské strojírny AS
- Ucel Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 172 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.7 Billion |
| Forecasted Market Value ( USD | $ 2.2 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
