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

Spain Hook Lift Market valued at USD25.04 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 8.58% owing to rising construction activities in the country, expansion in the country’s logistics sector and the government initiatives for enhanced waste management system within the country.

A hook lift truck is a heavy-duty truck chassis that's been fitted with a hydraulic hook lift hoist. The hydraulic hoist system lets contractors, municipalities and other work vehicle users roll on and roll off different truck bodies or containers.

The Expanding Logistics Sector Driving Market Growth

With Spain’s strategic location in Eastern Europe, the country possesses a booming logistics sector, given its connectivity with the other European countries. Spain has a well-developed road transport system, including two of the nine multi-modal European corridors namely, the Trans-European Transport Network (TEN-T). Additionally, Spain has been receiving funds from the European Commission for boosting the transport infrastructure in the country. Furthermore, the country is abode some of the major ports for container movement such as Bahía de Algeciras, Barcelona, and Valencia. Strengthening the transport infrastructure in Spain is likely to propel the Spain Hook Lift Market.

The Strengthening of Waste Management Driving Spain Hook Lift Market.

With a vision of shifting towards a 'Circular Economy' and achieving a reduction in waste management, Spain has been making serious efforts toward the European Commission's waste management objectives of driving a circular economy throughout Europe. This is especially after the European Commission denounced Spain in 2021 as the country was unable to achieve the target of 50% in terms of recycling and reuse of waste. Therefore, through various amendments to Spanish waste law directives, the country has been planning to improve its waste collection and disposal system by primarily separating waste collection for different types of waste (biowaste, plastic waste, electronic waste, etc.), enabling its further processing and recycling at dedicated recycling plants. Given the hook lifts being suitable equipment for waste collection, the Spain Hook Lift market has immense opportunities in Spain's Waste Management sector.

Rising Opportunities in Construction & Mining Driving Market Growth

The Spanish construction sector has been the key driver of the country's economy. With substantial investments that the country has received from both the Government and the private sector, a large volume of projects are underway, such as the 'Basque Y,' which is a high-speed rail route, Rail corridor of the Costa del Sol, among many others. Under the EU Cohesion Policy, the European Commission has allocated approximately USD9.5 billion for the growth and sustainable development of Spain's Transport Infrastructure. Additionally, Spain has an immense mining potential with over 2000 operational mining sites. In Europe, Spain is the only producer of sodium sulfate and a prime producer of fluorspar. The mining activities require efficient and safe quarrying to longer distances, thus making hook lifts most feasible for such operations. Therefore, robust construction and mining activities in Spain are expected to propel the Spain Hook Lift Market.

Increasing Technological Developments in Spain Hook Lift Market 

The Spain Hook Lift Market has been witnessing various technological developments aiming to enhance the operational efficiency of the equipment. For instance, Multi lifts are being developed, which, when attached to a single truck, make the truck versatile for multi-purpose operations. HiVision Camera technology is being installed in the rear of the hook lift systems system, providing real footage of the entire operating area. Furthermore, to cater to climate change and contribute to the European commission's Net Zero Emissions commitment by 2050, the hook lift manufacturers are now manufacturing fully electric Hook Lift equipment. Such equipment is anticipated to reduce carbon footprint while in operations, thereby contributing to sustainability.

Market Segmentation

The Spain Hook Lift Market is segmented based on Capacity, Product Type, Application, Region, and by company. Based on Capacity, the market is further fragmented into the 3-5 tons, 6-10 tons, 11-15 tons and 15 tons and more. Based on Product Type, the market is segmented into Normal, Telescopic, Others. Also, segmentation of the market on grounds of the Application is done into Waste & Recycling, Construction & Mining, Municipalities, Logistics, Others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North, South, East and Central.

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Company Profiles

B.o.B. Sistemi Idraulici SpA, Hyva Ibérica S.A., Cayvol Comercial, S.L., Jóvenes Industriales Metalúrgicos Componentes Arahalenses, S.L., Palfinger Ibérica, S.L., Hiab Iberia S.L.U., Meiller Iberia SL, VDL Groep BV, and Pris-Mag Srl.are among the major market players in the global platform that lead the market growth of the Spain Hook Lift Market.

Report Scope:

In this report, Spain Hook Lift Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Spain Hook Lift Market, By Capacity:

o   6-10 tons

o   3-5 tons

o   11-15 tons

o   15 tons and more

·         Spain Hook Lift Market, By Product Type:

o   Telescopic

o   Normal

o   Others

·         Spain Hook Lift Market, By Application:

o   Logistics

o   Construction & Mining

o   Waste & Recycling

o   Municipalities

o   Others

·         Spain Hook Lift Market, By Region:

o   East

o   South

o   North

o   Central  

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Spain Hook Lift Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).