Global Lifting Equipment Market Insights, Growth Drivers, and Outlook, 2025

The global lifting equipment industry functions as an essential component for industrial operations, infrastructure development, construction, logistics and manufacturing as it delivers equipment and systems which enable safe & efficient handling of heavy loads. Furthermore, the industry includes cranes, hoists, lifts and elevators with their complete set of components which allow for exact and dependable high-capacity material transportation. Moreover, the operational safety of lifting equipment determines workplace safety, productivity levels and operational efficiency which makes the sector essential for multiple industries including construction, shipping, manufacturing and energy.

The market expansion of lifting equipment is resulted from rising industrial development, urban construction activities, building expansion, and technological progress. The Asia-Pacific region and Middle Eastern countries is experiencing rising demand for excavators, dozers and cranes as their governments along with private companies build new urban areas, construct large industrial facilities and modern logistics centers. The Smart Cities program in India and NEOM project in Saudi Arabia have created substantial market requirements for sophisticated lifting equipment that includes tower cranes and heavy-duty hoists and automated lifting systems.

The market is witnessing a massive transformation through enhanced safety standards, automated systems and digital transformation initiatives. The manufacturing industry now uses smart lifting equipment and IoT-based monitoring tools and energy-saving machinery to fulfill regulatory needs and achieve better operational results. The global leaders Konecranes and Liebherr and Terex have launched connected crane systems with intelligent monitoring platforms which decrease equipment downtime and boost load control and workplace protection.

The lifting equipment market is expected to grow significantly, by maintaining 6% annual growth rate. The market growth expansion is driven by urban development, extensive infrastructure projects, industrial transformation, the implementation of advanced technology-based lifting solutions that unite operational efficiency with safety features and environmental sustainability. The sector demonstrates essential growth as it supports global industrial and construction development through innovative solutions that meet regulatory standards.