Trends Driving the Construction Lift Market

The construction lift is critical on many jobsites, and today the market is continuing to change, as new trends and technologies emerge for the market.

Though hoists have been overwhelmingly manufactured in Europe and the U.S., China is emerging as a manufacturer of construction lifts.

Technavio's analysts forecast the global construction lifts market to grow 7.43% between 2017 and 2021.

A major market driver is the increasing investments in the construction of high rise buildings. There are some challenges in the market. One of the bigger ones is volatile global raw material prices. The analysts say this market will stay unpredictable.

One trend that is helping the market to grow is the adoption of high-speed construction hoists. They are a valuable partner to lifts and will help the market. As construction overall increases, the lift market will continue to evolve, with the help of new technologies.

Posted: 7/12/2017 6:43:49 PM