Dublin, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The "Global Vacuum Lifter Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The Vacuum Lifter Market is poised for remarkable expansion, with an anticipated growth of USD 83.22 billion during the period 2022-2027. The market's growth is projected to accelerate at a CAGR of 7.83% over the forecast period. The comprehensive report on the vacuum lifter market provides an in-depth analysis, including market size, trends, growth drivers, challenges, and vendor analysis.
Driving Factors and Market Segmentation
The vacuum lifter market's growth is driven by several factors, including the surge in global construction activities, the integration of technology in developing countries, and the increasing demand for glazing and solar power. The market is segmented by end-user (industrial manufacturing, construction, automotive, chemical and pharmaceutical, and others), by type (single-drive vacuum lifter, double-drive vacuum lifter, and four-drive vacuum lifter), and by geographical landscape (APAC, North America, Europe, Middle East and Africa, South America).
Adoption of Automation and Enhanced Vacuum Lifters
The adoption of automation in various industries is a key driver of the vacuum lifter market's growth. This trend aligns with the increasing demand for advanced technological solutions. Moreover, the development of vacuum lifters with high load capacities and the growth of commercial construction are contributing to the market's expansion.
Leading Players and Industry Insights
The report offers a comprehensive vendor analysis to assist companies in enhancing their market position. Key vacuum lifter market vendors include Aardwolf Industries LLC, ACIMEX, Burgess Manufacturing Co., Fertema Oy, GGR Group, Hird Ltd., J. Schmalz GmbH, Kilner Vacuumation Co. Ltd., Piab AB, ViaVac B.V., Woods Powr Grip Co. Inc., X Team Equipments Pvt. Ltd., All Vac Industries, ANVER Corp., Manut LM, Movomech AB, Qingdao Sinofirst Machinery Co. Ltd., Righetti S.R.L., The Caldwell Group Inc., and UniMove LLC.
Trends and Analyst Commentary
An analyst from the research team highlighted the trend of technology adoption in developing countries as a key driver. This trend reflects the increasing integration of advanced solutions in growing economies.
Conclusion and Future Growth
The vacuum lifter market is on track for significant growth, fueled by factors such as global construction activity, technological advancements, and growing demand for specific applications like glazing and solar power. The comprehensive report offers insights into market dynamics, vendor analysis, and growth projections, aiming to guide companies in making informed strategic decisions.
For more information about this report visit https://www.researchandmarkets.com/r/sxwyq3
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