Spain Hook Lift Market to Grow at a CAGR of 8.58% During the Forecast Period
Rising construction activities in Spain
and expansion in the country’s logistics sector and are expected to drive the
growth of the Spain
Hook Lift market.
According to
TechSci Research report, “Spain
Hook Lift Market –Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2017-2027”. The Spain Hook Lift Market has its dominant presence in
the logistics sector. With a market share of 33.46% for the base year 2021, hook lifts have extensive
application in the logistics sector in Spain owing to the country’s strategic
location and increasing business and trade activities.
Spain is
strategically located in Southern Europe, paving the way for smooth trade flow
from the country to the other European countries. The most important aspect
favoring trade from the country is the development of the Trans-European
Transport Network (TEN-T) in Spain, which comprises two of the nine European
multimodal corridors, namely the Mediterranean Corridor and the Atlantic
Corridor. Additionally, the transportation infrastructure in Spain is well in
place with a motorway network of over 17,100 km and with over 46 ports spread
over about 8,000 km of coastline. Bahía de Algeciras, Barcelona, and Valencia
are the major ports of Spain for container movement.
Telescopic hook
lifts dominate the Spain Hook Lift Market. With a market share of 77.62% for the
base year 2021, telescopic hook lifts are widely used in Spain, owing to their
flexibility to handle containers at varied terrains. Telescopic hook lifts have
stretchable hydraulic arms that are suitable and versatile for loading
construction material/waste/shipments from locations that may not be accessible
to normal hook lifts.
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Market"
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The Spain Hook
Lift Market is segmented into East Spain, South Spain, North Spain, and Central
Spain in terms of the regional analysis. The East Spain dominated the Spain Hook
Lift Market in 2021, followed by South Spain.
Hook lifts with a
weight capacity of 6 to 10 tons are widely used in the Spain Hook Lift Market.
With a market share of 32.36% for the base year 2021, hook lifts with a
capacity of 6 to 10 tons have widespread application in the construction and
waste management sectors.
Key market
players in the Spain Hook Lift Market include:
- Hyva Iberica SA
- Cayvol Comercial, S.L.
- VDL Groep BV
- Pris-Mag Srl
- Palfinger
Ibérica, S.L.
- Meiller Iberia SL
- Hiab Iberia S.L.U.
- Marrel SAS
- BoB Sistemi Idraulici SpA
- Jóvenes Industriales Metalúrgicos
Componentes Arahalenses, S.L.
Leading players
are focusing on expanding their product portfolios to maintain sustainable
growth in the market. Most of the companies in the Spain Hook Lift Market
operate through distributors or their sales team present in the country. Only
few companies have their manufacturing plants within the country, such as
Jóvenes Industriales Metalúrgicos Componentes Arahalenses, S.L., and Cayvol
Comercial, S.L.
The featured
companies have been substantially working towards innovating hook lifts. For
instance, Hiab has launched multi lifts and hook lifts with HiVision cameras.
Hook lifts are also being innovated to match the specific requirements of fully
electric trucks manufactured dedicatedly to attach hook lifts. Companies are
also innovating hook lifts for transporting oil. The companies are indulged in
many mergers and acquisition activities to expand their geographical presence
across the globe. For instance, Hyva completed the acquisition of 75% of the
capital of Usimeca, which deals in waste management solutions in Latin America.
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“The Spain Hook
Lift market is expected to expand at a healthy rate during the projected
period. Factors such as opportunities in logistics sector, opportunities in
waste management, growth in construction sector, opportunities in mining sector
drive the demand for the market," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Spain Hook Lift Market By Capacity (3-5 tons,
6-10 tons, 11-15 tons and 15 tons and more), By Product Type (Normal, Telescopic,
Others), By Application (Waste & Recycling, Construction
& Mining, Municipalities, Logistics, Others), By Region, Competition Forecast
& Opportunities, 2027”, has
evaluated the future growth potential of Spain Hook Lift Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Spain Hook Lift market.
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