(MENAFN- Ameliorate Digital Consultancy) The current value of the global vertical mast lifts market is US$ 1.54 billion, and by the end of 2032, it is expected to grow at a CAGR of 4.8% to reach US$ 2.46 billion. In 2021, sales of vertical mast lifts were over 14% of the worldwide vertical lift market.

Vertical mast lifts (VMLs) have a wide range of uses. The market's growth depends on innovations and the usage of eco-friendly materials. Driven electric vertical mast lifts are becoming more commonplace in the region. Vertical mast lift producers can locate lucrative markets in emerging nations like Malaysia, China, and India.

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Major Stakeholders

• JLG Industries
• Terex Corporation.
• Jinan Tuhe Heavy Industry Machinery Co., Ltd.
• Skyjack (Linamar)
• Toyota Forklifts
• Zhejiang Dingli Machinery Co., Ltd.
• HAULOTTE GROUP
• RUTHMANN Holdings GmbH (Calcanto Werbeagentur)
• YaFeng Machinery Limited
• MEC

Market Developments

• In March 2022, MEC launched its all-electric vertical mast lift series. The product is designed to prevent the risk of any oil leakage as it has zero hydraulic oil. The MMAE16, with its all-electric steer, drive, and lift, offers an optimum battery service.
• In October 2021, Linamar Corporation's division Skyjack launched its all-new SJ16 E and SJ12 E vertical mast lifts. The new SJ12 E and SJ16 E emit zero emissions, consume less power, and have low carbon footprints.

Industry Research

• By Product Type:
  • Pushable
    • Single Mast Lifts
    • Double Mast Lifts
  • Drivable
    • Single Mast Lifts
    • Double Mast Lifts
• By Working Height:
  • Less than 6 m
  • 6.1 m to 9 m
  • 9.1 m to 12 m
  • above 12 m
• By Capacity:
  • Less than 100 Kg
  • 100 kg – 150 Kg
  • 150 kg – 250 Kg
  • 250 kg and above
• By End-user Industry:
  • Aviation
  • Construction & Mining
  • Media & Entertainment
  • Government
  • Industrial Manufacturing
  • Warehouse & Logistics
  • Others
• By Region:

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report answers numerpertinent questions, some of which are:

• What are some of the latent areas of investments in the market?
• Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
• What trends are likely to change the staquo of the positions held by leading players of the market in the not-so-distant future?
• Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
• What are the strategies adopted by top players to retain their stronghold in the market?
• Which strategic moves will new entrants adopt to gain a strong foothold in the market?
• How businesses can respond, manage, and mitigate the risks?

Key Points Covered in the Vertical Mast Lift Report:

. The Vertical Mast Lift market study often examines important trends, risks and incentives, components, industry conditions, and difficulties in the global market.
. The report employed a variety of data and graphs to present a more complete picture of the Vertical Mast Lift market.
. The global analysis contained a preliminary assessment of the industry's size as well as a full review of the sector.
. This research gives a fast snapshot of the current situation of worldwide regions. The Vertical Mast Lift report includes top sellers, unions, stores, malls, and enterprises.

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