Press Release

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.


Browse over 31 market data Figures spread through 70 Pages and an in-depth TOC on "Spain Hook Lift 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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Relevant Reports

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, 2017-2027F

Automotive | Jun, 2022

Growth in logistics sector and opportunities in the construction and mining sector in the country is expected to drive the Spain Hook Lift Market during the forecast period.

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