Industrial Counterweights Market

Industrial Counterweights Market by Type (Swing Counterweight, Fixed Counterweight), Material (Steel & Iron, Concrete), Application (Elevators, Cranes, Forklift, Excavators, Lifts, Grinding Wheels), End User, and Region-Global forecast to 2026

Report Code: EP 7948 Jul, 2021, by marketsandmarkets.com

[222 Pages Report] The global industrial counterweights market is expected to grow from an estimated USD 6.7 billion in 2021 to USD 8.5 billion by 2026, at a CAGR of 4.5% during the forecast period. Cast iron, followed by carbon steel, is widely used in manufacturing of industrial counterweights. Increasing demand from construction industry in industrial environment to offer lucrative opportunities for the industrial counterweights market during the forecast period.

Industrial Counterweights Market

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Impact of COVID-19 on industrial counterweights market

COVID-19 has slowed the growth of the industrial counterweights market, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the industrial counterweights market owing to the suspension of activities of end-users.

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the industrial counterweights market, since end-user industries were still not operating at their full capacity.

Industrial Counterweights Market Dynamics

Driver: Soaring demand for counterweights in material handling operations, majorly in manufacturing and logistics industries

The growth of the manufacturing, transportation, logistics, construction, and e-commerce industries has led to the increasing need for material handling equipment, in part due to heightened focus on automation and safe working practices, especially in the manufacturing sector. Different types of forklifts, fork trucks, or lift trucks are used for material handling. While lifting and transporting heavy loads, forklifts need surplus weight to secure the counterbalance. Counterweights prevent forklifts from tipping over. Material handling tasks are a crucial part of any industry, including warehousing. Warehousing has become a crucial part of several industries. Thus, the need for material handling equipment has increased, which, in turn, has increased the demand for counterweights. Furthermore, material handling is a major part of logistics operations. Transporting goods in the automotive, construction, mining, oil & gas, aerospace & aviation, energy, agriculture, shipbuilding & port building, logistics, railways & defense, and other industries (food processing and chemicals) needs counterweights for material handling to fulfill the transportation/logistics requirement.

Restraints: Varying cost of counterweights by material restricting use of proper counterweights in different applications

Due to the varying cost of the raw materials used for counterweights, end users are compromising on the quality of the product by selecting other materials that are comparatively cheaper but provide similar benefits. Consumers are selecting concrete counterweights for their applications as they are cheaper. Concrete density can be improved by adding dense aggregates such as limonite, hematite, or magnetite, or metal bits and scraps into the concrete mix.

Due to varying temperatures across different regions of the world, manufacturers of counterweights need to wisely choose the material for counterweights. High temperature reduces the material’s strength and stiffness, whereas low temperature increases material stiffness and strength.  Also, at low temperatures, they tend to shrink in size and become brittle. Usually, tungsten counterweights are used in oil and gas, mining, and similar industries as the operations of these industries are generally characterized by high temperature, and tungsten is not affected by high temperatures. Hence, tungsten is suitable in such conditions. However, it is extremely costly when compared to other materials. Stainless steel and titanium are other materials that can withstand high temperatures. Since material properties like tensile strength, yield strength, and modules of elasticity are least impacted by high temperature, the counterweights of tungsten, stainless steel, and titanium are preferred in regions with high temperatures. However, due to cost issues, consumers are opting for cast iron and concrete for counterweight applications.

Opportunities: Generation of additional demand for material handling equipment by booming retail sector

As the retail sector witnessed unprecedented growth, there has been an increase in the demand for automated storage and retrieval system (ASRS) in the industry. The advent of start-up companies offering robotic solutions for warehouse automation, rising popularity of automated material handling (AMH) equipment in various industries, and surging labor costs and safety concerns are among the factors driving the growth of the material handling equipment market. Load material handling systems are widely used in various industries as they are cost-efficient and can handle several items simultaneously, thereby reducing the number of trips, the time required for loading and unloading, and the cost of handling. The increasing demand for automated material handling equipment in the e-commerce industry is expected to drive the market for unit load material handling systems during the forecast period. Owing to the COVID-19 pandemic, the material handling equipment market faced a bump in its growth. However, it also created awareness among manufacturers and warehouse operators in the e-commerce, automotive, semiconductor, and electronics industries regarding the benefits of unit load material handling systems. Thus, these industries are likely to adopt such equipment at large in the coming years. Since most of the material handling systems require counterweights to counterbalance the load, the demand for counterweights has increased due to new opportunities created by the material handling equipment market.

Challenges: Trimmed demand from end-use industries due to COVID-19

The outbreak and the spread of the COVID-19 have dampened the growth of the industrial counterweights market. This slowdown is mainly due to economic contractions caused by declining investments in various end-use industries. In the mining and construction industries, the impact of the ongoing pandemic remains uncertain; with every passing day, the crisis is adversely affecting the global supply chain. Significant price drops have been observed in almost all industries. With the rising number of COVID-19 cases worldwide, the growth of the mining industry has remained slow as mining companies are not operating their mines with full labor strength to adhere to the restrictions imposed by governments of different countries. The current market scenario projects that the mining industry is expected to take approximately 2–3 years to recover. With the slackening of mining activities globally, the demand for industrial counterweights has declined as well. Similarly, other industries are negatively affected as well by the spread of COVID-19. The sharp increase in the cost of production to recover the losses caused amidst the covid-19 first and second waves have led to an increase in the price of raw material. The price of steel, aluminum, copper, etc., has surged up to heights, and, hence, the cost of counterweights manufacturing has risen.

Industrial Counterweights Market Trend

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By type, the fixed counterweights segment is the largest contributor in the industrial counterweights market in 2020.

The fixed counterweights segment accounted for the largest share of the industrial counterweights market, by type, in 2020. The fixed counterweights segment of industrial fixed counterweights are further classified into two types—fixed frames and floating frames. As the name suggests, the position of the counterweight is stable in the fixed frame, whereas it is rotating in the floating frame.

By material type, the iron & steel material segment is the largest contributor in the industrial counterweights market in 2020.

The iron & steel counterweights segment accounted for the largest share of the industrial counterweights market, by type, in 2020. Iron and steel materials are widely used to make counterweights, owing to various desirable properties aligned with them such as high strength, ductility, and tensile strength.  Iron and steel are used widely in the construction of roads, railways, buildings, etc. Equipment such as bridge weights, cylindrical weights placed on poles near railway tracks, cranes, and forklifts; modern structures, such as stadiums, skyscrapers, bridges, and airports, are supported by a steel skeleton. Iron and steel counterweights are required for the construction of all the aforementioned equipment and structures.

By application, the cranes segment is the largest contributor in the industrial counterweights market in 2020.

The cranes counterweights segment accounted for the largest share of the industrial counterweights market, by application, in 2020. A crane is a lifting or lowering machine equipped with a hoist rope, wire ropes or chains, and sheaves. It is mainly used for lifting heavy objects and transporting them to other places. Industrial counterweights for cranes are widely used in the construction industry. Cranes are of various types, such as tower cranes, mobile cranes, overhead cranes, and loader cranes. Depending on the location of counterweights in cranes, they can be categorized as swinging type or fixed type.

By end-user, the construction segment is the largest contributor in the industrial counterweights market in 2020.

The construction industry accounted for the largest share of the industrial counterweights market, by end-user industry, in 2020. Construction equipment are being enhanced to manage complex tasks and sustain in critical environments. With rising construction activities across the world and increasing budgets pertaining to construction, the demand for different types of cranes, especially tower cranes for the construction of tall buildings, will increase in emerging countries such as China, India, Brazil, and Middle Eastern countries.

Industrial Counterweights Market by Region

Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific includes countries such as China, Japan, South Korea, Australia, and Rest of APAC. China and Japan, which are among the largest consumers in this region as well as globally, constitute the largest share of the industrial counterweights market. Fast-growing economies, increasing demand of huge population, necessity for high-rise buildings and increased production rates are expected to drive the industrial counterweights market in this region.

The market in China is expected to grow mainly because the number of manufacturing units in China is increasing, which is expected to create a massive demand for industrial counterweights. The demand for increased efficiency is very high in APAC owing to the increasing investments in construction in industrial sector.  All of these factors are expected to drive the growth of the industrial counterweights market in Asia Pacific.

The leading players in the industrial counterweights market include FMGC, Farinia Group (France), Sic LAZARO (US), Crescent Foundry (India), Gallizo (Spain), Mars Metal (Canada).

Scope of the Report

Report Metric

Details

Market Size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

By Type, Material, Application, and End User 

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America 

Companies covered

FMGC, Farinia Group(France), Sic lazaro US Inc. (US), Crescent Foundry (India), Gallizo(Spain), Mars Metal(Canada), Ultraray Metals (Canada), International Steel & Counterweights (US), Vietnam Cast Iron(Vietnam), Agescan International (Canada), AMAC Alloys (Australia), Max Iron GmbH (Germany), LKAB Minerals (Sweden), Konstanta (Russia), Edgetech Industries (US), Sic Lazaro Industrial (Spain), Shanxi Huaxiang Group Co. Ltd. (China), Tenwinkel GmbH & Co.KG (Germany), Betonfertigteile Ernst Binder GmbH (Germany), Frans Pateer B.V. (Netherlands), Casting Quality (China), Sic Lazaro Polska SP (Poland), Messerschmidt Industriedesign (Germany), Bruckert Beton GmbH (Germany), SO ME FER srl (Italy), VALSUSA SAS (Italy)

This research report categorizes the industrial counterweights market-based by type, material, application, end-user, and region.

Based on type, the industrial counterweights market has been segmented as follows:

  • Swinging Counterweights
  • Fixed Counterweights

Based on Material, the industrial counterweights market has been segmented as follows:

  • Iron & steel
  • Concrete
  • Others

Based on Application, the industrial counterweights market has been segmented as follows:

  • Elevators
  • Cranes
  • Forklifts
  • Excavators
  • Lifts
  • Grinding Wheels
  • Others

Based on End-User industry, the industrial counterweights market has been segmented as follows:

  • Industrial Manufacturing
  • Marine
  • Construction
  • Mining
  • Agriculture
  • Renewables
  • Logistics

Based on the region, the industrial counterweights market has been segmented as follows:

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East Africa

Recent Developments

  • In January 2019, Sic Lazaro acquired Diamond Industries, a metal fabrication firm, to expand its fabrication capabilities, and, thus, the manufacturing of counterweights.
  • In February 2019, Crescent Foundry expanded its cast iron castings manufacturing capacity from 1,900 tpm to 8,333 tpm at Kulgachia in the Howrah district of West Bengal, India. The company invested USD 11.6 million in this expansion.
  • In October 2019, CMN and Hydroquest, who together in partnership, designed gravity-based ballasts together. Further these companies together collaborated with FMGC (France) to stabilize the tidal turbines.
  • In July 2017, Gallizo started its new plant in Poland, which focuses on the manufacture of industrial counterweights for the lift market with an aim to cater to the European counterweights sector.
  • In July 2017, Ultraray Metals received a contract to supply 10,000 lbs of marine ballast in the form of 2” x 4” x 12” flat lead bricks for a retrofit of a U.S. Coast Guard vessel.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL:  INCLUSIONS AND EXCLUSIONS
           1.3.2 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER:  INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 1 INDUSTRIAL COUNTERWEIGHTS MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 IMPACT OF COVID-19 ON INDUSTRY
    2.4 SCOPE
           FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL COUNTERWEIGHTS
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.5.3 DEMAND-SIDE ANALYSIS
                    2.5.3.1 Regional analysis
                    2.5.3.2 Country analysis
                    2.5.3.3 Assumptions for demand side
                    2.5.3.4 Calculation for demand side
                                FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING DEMAND OF INDUSTRIAL COUNTERWEIGHTS
                                FIGURE 7 INDUSTRIAL COUNTERWEIGHTS MARKET: DEMAND-SIDE ANALYSIS
           2.5.4 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 49)
     TABLE 1 SNAPSHOT OF INDUSTRIAL COUNTERWEIGHTS MARKET
     FIGURE 8 FIXED COUNTERWEIGHTS TO ACCOUNT FOR LARGER SHARE OF MARKET, BY TYPE, DURING FORECAST PERIOD
     FIGURE 9 IRON & STEEL SEGMENT, BY MATERIAL, TO LEAD MARKET DURING FORECAST PERIOD
     FIGURE 10 CONSTRUCTION SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MARKET, BY END USER, DURING FORECAST PERIOD
     FIGURE 11 CRANES TO ACCOUNT FOR LARGEST SIZE OF MARKET, BY APPLICATION, DURING FORECAST PERIOD
     FIGURE 12 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING 2021–2026

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL COUNTERWEIGHTS MARKET
           FIGURE 13 INCREASING INVESTMENTS IN CONSTRUCTION AND MATERIAL HANDLING EQUIPMENT TO DRIVE MARKET GROWTH DURING 2021–2026
    4.2 INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION
           FIGURE 14 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER  AND COUNTRY
           FIGURE 15 CONSTRUCTION SEGMENT AND CHINA HELD LARGEST SHARES OF MARKET IN APAC IN 2020
    4.4 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE
           FIGURE 16 FIXED COUNTERWEIGHTS SEGMENT HELD LARGER SHARE OF MARKET IN 2020
    4.5 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL
           FIGURE 17 IRON & STEEL SEGMENT HELD LARGEST SHARE OF MARKET IN 2020
    4.6 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER
           FIGURE 18 CONSTRUCTION SEGMENT HELD LARGEST SHARE OF MARKET IN 2020
    4.7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION
           FIGURE 19 CRANES SEGMENT HELD LARGEST SHARE OF MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 20 COVID-19 GLOBAL PROPAGATION
           FIGURE 21 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
           FIGURE 22 RECOVERY ROAD FOR 2020 AND 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 23 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 24 INDUSTRIAL COUNTERWEIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increasing demand for cast-iron counterweights for off-highway equipment applications
                    5.5.1.2 Soaring demand for counterweights in material handling operations, majorly in manufacturing and logistics industries
                    5.5.1.3 Rising demand for heavy machinery from construction sector will propel the demand for counterweights
           5.5.2 RESTRAINTS
                    5.5.2.1 Stringent government regulations restricting use of lead counterweights
                    5.5.2.2 Varying cost of counterweights by material restricting use of proper counterweights in different applications
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Generation of additional demand for material handling equipment by booming retail sector
                                FIGURE 25 GLOBAL RETAIL SALES, 2019 (USD BILLION)
           5.5.4 CHALLENGES
                    5.5.4.1 Trimmed demand from end-use industries due to COVID-19
                    5.5.4.2 Increasing raw material prices
    5.6 TRENDS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL COUNTERWEIGHT MANUFACTURERS
                    FIGURE 26 REVENUE SHIFT FOR INDUSTRIAL COUNTERWEIGHT
    5.7 PRICING ANALYSIS
           TABLE 2 PRICING ANALYSIS OF INDUSTRIAL COUNTERWEIGHTS
    5.8 MARKET MAP
           FIGURE 27 MARKET MAP FOR INDUSTRIAL COUNTERWEIGHTS
           TABLE 3 INDUSTRIAL COUNTERWEIGHTS: ECOSYSTEM
    5.9 VALUE CHAIN ANALYSIS
           FIGURE 28 INDUSTRIAL COUNTERWEIGHTS VALUE CHAIN ANALYSIS
           5.9.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.9.2 MANUFACTURERS/ASSEMBLERS
           5.9.3 DISTRIBUTORS (BUYERS)/END USERS
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 INDUSTRIAL COUNTERWEIGHTS BASED ON DIFFERENT TECHNOLOGIES
    5.11 INDUSTRIAL COUNTERWEIGHTS: CODES AND REGULATIONS
            TABLE 4 INDUSTRIAL COUNTERWEIGHTS: CODES AND REGULATIONS
    5.12 INNOVATIONS AND PATENT REGISTRATIONS
            TABLE 5 INDUSTRIAL COUNTERWEIGHTS: INNOVATIONS AND PATENT REGISTRATIONS
    5.13 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
           TABLE 6 INDUSTRIAL COUNTERWEIGHTS: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 CASE STUDY ANALYSIS
           5.14.1 COUNTERWEIGHT REPLACEMENT IN KOGERPOLDERBRIDGE (NORTHERN HOLLAND PROVINCE)
           5.14.2 COUNTERWEIGHT FOR RACING CAR (FORMULA 1)

6 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE (Page No. - 76)
    6.1 INTRODUCTION
           FIGURE 30 MARKET, BY TYPE, 2020 (%)
           FIGURE 31 FIXED MARKET, BY TYPE, 2020 (%)
           TABLE 7 MARKET, BY TYPE, 2019–2026 (USD MILLION)
           TABLE 8 MARKET, BY FIXED COUNTERWEIGHTS TYPE,  2019–2026 (USD MILLION)
    6.2 SWINGING COUNTERWEIGHTS
           6.2.1 CONSTRUCTION INDUSTRY DRIVES SWINGING COUNTERWEIGHTS MARKET GROWTH
                    TABLE 9 SWINGING MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.3 FIXED COUNTERWEIGHTS
           6.3.1 LOGISTICS, AGRICULTURE, AND MINING INDUSTRIES ACCELERATE FIXED COUNTERWEIGHTS MARKET GROWTH
                    TABLE 10 FIXED MARKET, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 11 FIXED FRAME MARKET, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 12 FLOATING FRAME MARKET, BY REGION,  2019–2026 (USD MILLION)

7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL (Page No. - 82)
    7.1 INTRODUCTION
           FIGURE 32 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL, 2020 (%)
                      TABLE 13 MARKET SIZE, BY MATERIAL, 2019–2026 (USD MILLION)
    7.2 IRON & STEEL
           7.2.1 IRON & STEEL ARE WIDELY USED MATERIALS FOR MANUFACTURING COUNTERWEIGHTS
                    TABLE 14 MARKET FOR IRON & STEEL, BY REGION,  2019–2026 (USD MILLION)
    7.3 CONCRETE
           7.3.1 DEMAND FOR CONCRETE COUNTERWEIGHTS IS DRIVEN BY CONSTRUCTION INDUSTRY
                    TABLE 15 MARKET FOR CONCRETE, BY REGION,  2019–2026 (USD MILLION)
    7.4 OTHERS
           TABLE 16 MARKET FOR OTHERS, BY REGION, 2019–2026 (USD MILLION)

8 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION (Page No. - 87)
    8.1 INTRODUCTION
           FIGURE 33 MARKET, BY APPLICATION, 2020 (%)
           TABLE 17 MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
    8.2 ELEVATORS
           8.2.1 COUNTERWEIGHTS MADE UP OF IRON AND STEEL ALLOYS ARE GENERALLY USED FOR APPLICATIONS IN ELEVATORS
                    TABLE 18 MARKET FOR ELEVATORS, BY REGION,  2019–2026 (USD MILLION)
    8.3 CRANES
           8.3.1 IN HEIGHTENED DEMAND FOR CRANES IN CONSTRUCTION ACTIVITIES IS FUELING GROWTH OF CRANES SEGMENT
                    TABLE 19 MARKET FOR CRANES, BY REGION, 2019–2026 (USD MILLION)
    8.4 FORKLIFTS
           8.4.1 SURGING DEMAND FOR FORKLIFTS IN MANUFACTURING AND WAREHOUSING OPERATIONS IS SUPPORTING GROWTH OF FORKLIFTS SEGMENT
                    TABLE 20 MARKET FOR FORKLIFTS, BY REGION,  2019–2026 (USD MILLION)
    8.5 EXCAVATORS
           8.5.1 RISING DEMAND FOR EXCAVATORS IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES IS MOTIVATING GROWTH OF EXCAVATORS SEGMENT
                    TABLE 21 MARKET FOR EXCAVATOR, BY REGION,  2019–2026 (USD MILLION)
    8.6 LIFTS
           8.6.1 INTENSIFYING FOCUS ON ENSURING STABILITY IN OPERATIONS  IS FUELING DEMAND FOR COUNTERWEIGHTS FOR APPLICATIONS  IN LIFTS
                    TABLE 22 MARKET FOR LIFT, BY REGION, 2019–2026 (USD MILLION)
    8.7 GRINDING WHEELS
           8.7.1 DEPLOYMENT OF INNOVATIVE GRINDING WHEELS IN AUTOMOTIVE AND AEROSPACE INDUSTRIES IS GENERATING DEMAND FOR COUNTERWEIGHTS
                    TABLE 23 MARKET FOR GRINDING WHEELS, BY REGION,  2019–2026 (USD MILLION)
    8.8 OTHERS
           TABLE 24 MARKET FOR OTHERS, BY REGION, 2019–2026 (USD MILLION)

9 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER (Page No. - 96)
    9.1 INTRODUCTION
           FIGURE 34 MARKET, BY END USER, 2020 (%)
           TABLE 25 MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
    9.2 INDUSTRIAL MANUFACTURING
           9.2.1 DEMAND FROM AUTOMOTIVE AND OIL & GAS INDUSTRIES DRIVE GROWTH OF INDUSTRIAL MANUFACTURING SEGMENT
                    TABLE 26 MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2019–2026 (USD MILLION)
    9.3 MARINE
           9.3.1 GROWTH OF MARINE SEGMENT IS DRIVEN BY ADOPTION OF CRANES IN SHIPPING AND MATERIAL HANDLING INDUSTRIES
                    TABLE 27 MARKET FOR MARINE, BY REGION, 2019–2026 (USD MILLION)
    9.4 CONSTRUCTION
           9.4.1 GROWTH OF CONSTRUCTION SEGMENT IS FUELED BY SURGING DEMAND FOR TOWER CRANES IN CONSTRUCTION PROJECTS
                    TABLE 28 MARKET FOR CONSTRUCTION, BY REGION,  2019–2026 (USD MILLION)
    9.5 MINING
           9.5.1 ADOPTION OF ROUGH TERRAIN AND ALL-TERRAIN CRANES FOR SURFACE AND SUB-SURFACE MINING ACTIVITIES TO SUPPORT GROWTH OF MINING SEGMENT
                    TABLE 29 MARKET FOR MINING, BY REGION, 2019–2026 (USD MILLION)
    9.6 AGRICULTURE
           9.6.1 ADOPTION OF MODERN EQUIPMENT IN AGRICULTURE INDUSTRY CATALYZING GROWTH OF AGRICULTURE SEGMENT
                    TABLE 30 MARKET FOR AGRICULTURE, BY REGION,  2019–2026 (USD MILLION)
    9.7 RENEWABLES
           9.7.1 GROWING DEMAND FOR COUNTERWEIGHTS FROM WIND INDUSTRY TO BOOST GROWTH OF RENEWABLES SEGMENT
                    TABLE 31 MARKET SIZE, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                    TABLE 32 MARKET FOR RENEWABLES, BY REGION,  2019–2026 (USD MILLION)
                    TABLE 33 MARKET FOR WIND TURBINES IN RENEWABLES,  BY REGION, 2019–2026 (USD MILLION)
                    TABLE 34 MARKET FOR OTHERS IN RENEWABLES, BY REGION, 2019–2026 (USD MILLION)
    9.8 LOGISTICS
           9.8.1 EXPANDING E-COMMERCE INDUSTRY MOTIVATING GROWTH OF LOGISTICS SEGMENT
                    TABLE 35 MARKET FOR LOGISTICS, BY REGION,  2019–2026 (USD MILLION)

10 REGIONAL ANALYSIS (Page No. - 105)
     10.1 INTRODUCTION
             FIGURE 35 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
             FIGURE 36 MARKET SHARE, BY REGION, 2020 (%)
             TABLE 36 GLOBAL MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
     10.2 ASIA PACIFIC
             FIGURE 37 SNAPSHOT: MARKET IN ASIA PACIFIC
             10.2.1 BY TYPE
                       TABLE 37 MARKET IN ASIA PACIFIC, BY TYPE, 2019–2026 (USD MILLION)
             10.2.2 BY FIXED COUNTERWEIGHT TYPE
                       TABLE 38 MARKET IN ASIA PACIFIC, FIXED COUNTERWEIGHT TYPE,  2019–2026 (USD MILLION)
             10.2.3 BY MATERIAL
                       TABLE 39 MARKET IN ASIA PACIFIC, BY MATERIAL,  2019–2026 (USD MILLION)
             10.2.4 BY APPLICATION
                       TABLE 40 MARKET IN ASIA PACIFIC, BY APPLICATION,  2019–2026 (USD MILLION)
             10.2.5 BY END USER
                       TABLE 41 MARKET IN ASIA PACIFIC, BY END USER,  2019–2026 (USD MILLION)
             10.2.6 BY RENEWABLES END USER
                       TABLE 42 MARKET IN ASIA PACIFIC, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
             10.2.7 BY COUNTRY
                       TABLE 43 MARKET IN ASIA PACIFIC, BY COUNTRY,  2019–2026 (USD MILLION)
                        10.2.7.1 CHINA
                                     10.2.7.1.1 China to dominate market in APAC during forecast period
                                     10.2.7.1.2 By end user
                                                    TABLE 44 MARKET IN CHINA, BY END USER, 2019–2026 (USD MILLION)
                                     10.2.7.1.3 By renewables end user
                                                    TABLE 45 MARKET IN CHINA, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.2.7.2 JAPAN
                                     10.2.7.2.1 Expanding industrial and manufacturing sectors to boost market growth in Japan
                                     10.2.7.2.2 By end user
                                                    TABLE 46 MARKET IN JAPAN, BY END USER, 2019–2026 (USD MILLION)
                                     10.2.7.2.3 By renewables end user
                                                    TABLE 47 MARKET IN JAPAN, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.2.7.3 INDIA
                                     10.2.7.3.1 Market in India to revolutionize water and wastewater industry
                                     10.2.7.3.2 By end user
                                                    TABLE 48 MARKET IN INDIA, BY END USER, 2019–2026 (USD MILLION)
                                     10.2.7.3.3 By renewables end user
                                                    TABLE 49 MARKET IN INDIA, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.2.7.4 SOUTH KOREA
                                     10.2.7.4.1 Manufacturing applications fostering market growth in  South Korea
                                     10.2.7.4.2 By end user
                                                    TABLE 50 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH KOREA, BY END USER,  2019–2026 (USD MILLION)
                                     10.2.7.4.3 By renewables end user
                                                    TABLE 51 MARKET IN SOUTH KOREA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.2.7.5 AUSTRALIA
                                     10.2.7.5.1 Demand from mining industry to substantiate market growth in Australia
                                     10.2.7.5.2 By end user
                                                    TABLE 52 MARKET IN AUSTRALIA, BY END USER,  2019–2026 (USD MILLION)
                                     10.2.7.5.3 By renewables end user
                                                    TABLE 53 MARKET IN AUSTRALIA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.2.7.6 REST OF ASIA PACIFIC
                                     10.2.7.6.1 By end user
                                                    TABLE 54 MARKET IN REST OF ASIA PACIFIC, BY END USER,  2019–2026 (USD MILLION)
                                     10.2.7.6.2 By renewables end user
                                                    TABLE 55 MARKET IN REST OF ASIA PACIFIC, BY RENEWABLES  END USER, 2019–2026 (USD MILLION)
     10.3 NORTH AMERICA
             FIGURE 38 SNAPSHOT: MARKET IN NORTH AMERICA
             10.3.1 BY TYPE
                       TABLE 56 MARKET IN NORTH AMERICA, BY TYPE,  2019–2026 (USD MILLION)
             10.3.2 BY FIXED COUNTERWEIGHT TYPE
                       TABLE 57 MARKET IN NORTH AMERICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION)
             10.3.3 BY MATERIAL
                       TABLE 58 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY MATERIAL,  2019–2026 (USD MILLION)
             10.3.4 BY APPLICATION
                       TABLE 59 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY APPLICATION,  2019–2026 (USD MILLION)
             10.3.5 BY END USER
                       TABLE 60 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY END USER,  2019–2026 (USD MILLION)
             10.3.6 BY RENEWABLES END USER
                       TABLE 61 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
             10.3.7 BY COUNTRY
                       TABLE 62 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY COUNTRY,  2019–2026 (USD MILLION)
                        10.3.7.1 US
                                     10.3.7.1.1 Industrial automation is fueling demand for counterweights in US
                                     10.3.7.1.2 By end user
                                                    TABLE 63 MARKET IN US, BY END USER, 2019–2026 (USD MILLION)
                                     10.3.7.1.3 By renewables end user
                                                    TABLE 64 MARKET IN US, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.3.7.2 Canada
                                     10.3.7.2.1 Presence of various End user industries support industrial counterweights market growth in Canada
                                     10.3.7.2.2 By end user
                                                    TABLE 65 MARKET IN CANADA, BY END USER, 2019–2026 (USD MILLION)
                                     10.3.7.2.3 By renewables end user
                                                    TABLE 66 MARKET IN CANADA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.3.7.3 Mexico
                                     10.3.7.3.1 Government investment warehouse infrastructure development to create opportunities for market growth
                                     10.3.7.3.2 By end user
                                                    TABLE 67 INDUSTRIAL COUNTERWEIGHTS MARKET IN MEXICO, BY END USER, 2019–2026 (USD MILLION)
                                     10.3.7.3.3 By renewables end user
                                                    TABLE 68 MARKET IN MEXICO, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.3.7.4 Rest of North America
                        10.3.7.5 By End User Industry
                                     TABLE 69 MARKET IN REST OF NORTH AMERICA, BY END USER INDUSTRY, 2019–2026 (USD)
                        10.3.7.6 By Renewables End User Industry
                                     TABLE 70 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF NORTH AMERICA, BY RENEWABLES END USER INDUSTRY, 2019–2026 (USD)
     10.4 EUROPE
             10.4.1 BY TYPE
                       TABLE 71 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY TYPE,  2019–2026 (USD MILLION)
             10.4.2 BY FIXED COUNTERWEIGHT TYPE
                       TABLE 72 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY FIXED COUNTERWEIGHT TYPE,  2019–2026 (USD MILLION)
             10.4.3 BY MATERIAL
                       TABLE 73 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY MATERIAL, 2019–2026 (USD MILLION)
             10.4.4 BY APPLICATION
                       TABLE 74 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY APPLICATION,  2019–2026 (USD MILLION)
             10.4.5 BY END USER
                       TABLE 75 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY END USER, 2019–2026 (USD MILLION)
             10.4.6 BY RENEWABLES END USER
                       TABLE 76 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
             10.4.7 BY COUNTRY
                       TABLE 77 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
                        10.4.7.1 Germany
                                     10.4.7.1.1 Construction industry driving industrial counterweights market growth in Germany
                                     10.4.7.1.2 By end user
                                                    TABLE 78 INDUSTRIAL COUNTERWEIGHTS MARKET IN GERMANY, BY END USER,  2019–2026 (USD MILLION)
                                     10.4.7.1.3 By renewables end user
                                                    TABLE 79 INDUSTRIAL COUNTERWEIGHTS MARKET IN GERMANY, BY RENWEABLES END USER, 2019–2026 (USD MILLION)
                        10.4.7.2 UK
                                     10.4.7.2.1 Growing marine sector to drive industrial counterweights market growth in UK
                                     10.4.7.2.2 By end user
                                                    TABLE 80 INDUSTRIAL COUNTERWEIGHTS MARKET IN UK, BY END USER, 2019–2026 (USD MILLION)
                                     10.4.7.2.3 By renewables end user
                                                    TABLE 81 INDUSTRIAL COUNTERWEIGHTS MARKET IN UK, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.4.7.3 France
                                     10.4.7.3.1 Flourishing automotive industry to contribute to growth of industrial counterweights market in France
                                     10.4.7.3.2 By end user
                                                    TABLE 82 INDUSTRIAL COUNTERWEIGHTS MARKET IN FRANCE, BY END USER, 2019–2026 (USD MILLION)
                                     10.4.7.3.3 By renewables end user
                                                    TABLE 83 INDUSTRIAL COUNTERWEIGHTS MARKET IN FRANCE, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.4.7.4 SPAIN
                                     10.4.7.4.1 Demand from construction sector driving market growth  in Spain
                                     10.4.7.4.2 By end user
                                                    TABLE 84 INDUSTRIAL COUNTERWEIGHTS MARKET IN SPAIN, BY END USER, 2019–2026 (USD MILLION)
                                     10.4.7.4.3 By renewables end user
                                                    TABLE 85 INDUSTRIAL COUNTERWEIGHTS MARKET IN SPAIN, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.4.7.5 ITALY
                                     10.4.7.5.1 Demand from pharmaceuticals industry is supporting market growth
                                     10.4.7.5.2 By end user
                                                    TABLE 86 INDUSTRIAL COUNTERWEIGHTS MARKET IN ITALY, BY END USER, 2019–2026 (USD MILLION)
                                     10.4.7.5.3 By renewables end user
                                                    TABLE 87 INDUSTRIAL COUNTERWEIGHTS MARKET IN ITALY, BY RENWEABLES END USER,  2019–2026 (USD MILLION)
                        10.4.7.6 REST OF EUROPE
                                     10.4.7.6.1 By end user
                                                    TABLE 88 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF EUROPE, BY END USER,  2019–2026 (USD MILLION)
                                     10.4.7.6.2 By renewables end user
                                                    TABLE 89 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF EUROPE, BY RENWEABLES  END USER, 2019–2026 (USD MILLION)
     10.5 SOUTH AMERICA
             10.5.1 BY TYPE
                       TABLE 90 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY TYPE,  2019–2026 (USD MILLION)
             10.5.2 BY FIXED COUNTERWEIGHT TYPE
                       TABLE 91 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION)
             10.5.3 BY MATERIAL
                       TABLE 92 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY MATERIAL,  2019–2026 (USD MILLION)
             10.5.4 BY APPLICATION
                       TABLE 93 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY APPLICATION,  2019–2026 (USD MILLION)
             10.5.5 BY END USER
                       TABLE 94 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY END USER,  2019–2026 (USD MILLION)
             10.5.6 BY RENEWABLES END USER
                       TABLE 95 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
             10.5.7 BY COUNTRY
                       TABLE 96 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY COUNTRY,  2019–2026 (USD MILLION)
                        10.5.7.1 Brazil
                                     10.5.7.1.1 Growing industrial automation to underpin market growth in Brazil
                                     10.5.7.1.2 By end user
                                                    TABLE 97 INDUSTRIAL COUNTERWEIGHTS MARKET IN BRAZIL, BY END USER, 2019–2026 (USD MILLION)
                                     10.5.7.1.3 By renewables end user
                                                    TABLE 98 INDUSTRIAL COUNTERWEIGHTS MARKET IN BRAZIL, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.5.7.2 Argentina
                                     10.5.7.2.1 Investments in oil and gas industry to fuel demand for industrial counterweights in Argentina
                                     10.5.7.2.2 By end user
                                                    TABLE 99 INDUSTRIAL COUNTERWEIGHTS MARKET IN ARGENTINA, BY END USER,  2019–2026 (USD MILLION)
                                     10.5.7.2.3 By renewables end user
                                                    TABLE 100 INDUSTRIAL COUNTERWEIGHTS MARKET IN ARGENTINA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.5.7.3 Rest of South America
                                     10.5.7.3.1 By end user
                                                    TABLE 101 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION)
                                     10.5.7.3.2 By renewables end user
                                                    TABLE 102 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF SOUTH AMERICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.5.7.4 CHILE
                                     10.5.7.4.1 Construction and petrochemicals industries substantiate demand for counterweights in Chile
                                     10.5.7.4.2 By end user
                                                    TABLE 103 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHILE, BY END USER, 2019–2026 (USD MILLION)
                                     10.5.7.4.3 By renewables end user
                                                    TABLE 104 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHILE, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA
             10.6.1 BY TYPE
                       TABLE 105 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY TYPE,  2019–2026 (USD MILLION)
             10.6.2 BY FIXED COUNTERWEIGHT TYPE
                       TABLE 106 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION)
             10.6.3 BY MATERIAL
                       TABLE 107 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY MATERIAL,  2019–2026 (USD MILLION)
             10.6.4 BY APPLICATION
                       TABLE 108 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2019–2026 (USD MILLION)
             10.6.5 BY END USER
                       TABLE 109 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2019–2026 (USD MILLION)
             10.6.6 BY RENEWABLES END USER
                       TABLE 110 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY RENWEABLES END USER, 2019–2026 (USD MILLION)
             10.6.7 BY COUNTRY
                       TABLE 111 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY,  2019–2026 (USD MILLION)
                        10.6.7.1 Saudi Arabia
                                     10.6.7.1.1 Construction industry supports market growth in Saudi Arabia
                                     10.6.7.1.2 By end user
                                                    TABLE 112 INDUSTRIAL COUNTERWEIGHTS MARKET IN SAUDI ARABIA, BY END USER,  2019–2026 (USD MILLION)
                                     10.6.7.1.3 By renewables end user
                                                    TABLE 113 INDUSTRIAL COUNTERWEIGHTS MARKET IN SAUDI ARABIA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.6.7.2 UAE
                                     10.6.7.2.1 Infrastructural development projects boost demand for industrial counterweights in UAE
                                     10.6.7.2.2 By end user
                                                    TABLE 114 INDUSTRIAL COUNTERWEIGHTS MARKET IN UAE, BY END USER, 2019–2026 (USD MILLION)
                                     10.6.7.2.3 By renewables end user
                                                    TABLE 115 INDUSTRIAL COUNTERWEIGHTS MARKET IN UAE, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.6.7.3 South Africa
                                     10.6.7.3.1 Flourishing mining industry to contribute to growth of industrial counterweights market in South Africa
                                     10.6.7.3.2 By end user
                                                    TABLE 116 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AFRICA, BY END USER,  2019–2026 (USD MILLION)
                                     10.6.7.3.3 By renewables end user
                                                    TABLE 117 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AFRICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION)
                        10.6.7.4 IRAN
                                     10.6.7.4.1 Oil & gas and manufacturing sector in Iran to augment counterweight implementation during forecast period
                                     10.6.7.4.2 By end user
                                                    TABLE 118 INDUSTRIAL COUNTERWEIGHTS MARKET IN IRAN, BY END USER,  2019–2026 (USD MILLION MILLION)
                                     10.6.7.4.3 By renewables end user
                                                    TABLE 119 INDUSTRIAL COUNTERWEIGHTS MARKET IN IRAN, BY RENEWABLES END USER,  2019–2026 (USD MILLION)
                        10.6.7.5 REST OF MIDDLE EAST & AFRICA
                                     10.6.7.5.1 By end user
                                                    TABLE 120 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF MIDDLE EAST & AFRICA,  BY END USER, 2019–2026 (USD MILLION)
                                     10.6.7.5.2 By renewables end user
                                                    TABLE 121 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF MIDDLE EAST & AFRICA,  BY RENEWABLES END USER, 2019–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 158)
     11.1 KEY PLAYER STRATEGIES
             TABLE 122 OVERVIEW OF TOP MARKET PLAYERS, JANUARY 2017– JULY 2021
     11.2 MARKET ANALYSIS OF TOP FIVE PLAYERS
             TABLE 123 INDUSTRIAL COUNTERWEIGHTS MARKET: RANK
             FIGURE 39 INDUSTRIAL COUNTERWEIGHTS MARKET SHARE ANALYSIS, 2020
     11.3 MARKET EVALUATION FRAMEWORK
             TABLE 124 MARKET EVALUATION FRAMEWORK
     11.4 COMPANY EVALUATION QUADRANT
             11.4.1 STAR
             11.4.2 EMERGING LEADER
             11.4.3 PERVASIVE
             11.4.4 PARTICIPANT
                       FIGURE 40 COMPETITIVE LEADERSHIP MAPPING: INDUSTRIAL COUNTERWEIGHT  MARKET, 2019
                       TABLE 125 COMPANY FOOTPRINT
                       TABLE 126 COMPANY TYPE FOOTPRINT
                       TABLE 127 COMPANY MATERIAL FOOTPRINT
                       TABLE 128 COMPANY APPLICATION FOORPRINT
                       TABLE 129 COMPANY END USER FOOTPRINT
                       TABLE 130 COMPANY REGION FOOTPRINT
     11.5 COMPETITIVE SCENARIO
             TABLE 131 INDUSTRIAL COUNTERWEIGHTS MARKET: PRODUCT LAUNCHES, JANUARY 2017– JULY 2021
             TABLE 132 INDUSTRIAL COUNTERWEIGHTS MARKET: DEALS, JANUARY 2017–JULY 2021
             TABLE 133 INDUSTRIAL COUNTERWEIGHTS MARKET: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021

12 COMPANY PROFILES (Page No. - 174)
     12.1 INTRODUCTION
(Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, MNM view)*
     12.2 MAJOR PLAYERS
             12.2.1 FMGC, FARINIA GROUP
                       TABLE 134 FMGC, FARINIA GROUP: COMPANY OVERVIEW
                       TABLE 135 FMGC, FARINIA GROUP: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 136 FMGC, FARINIA GROUP: DEALS, JANUARY 2017–JULY 2021
                       FIGURE 41 FMGC FARINIA GROUP: SWOT ANALYSIS
             12.2.2 SIC LAZARO
                       TABLE 137 SIC LAZARO: COMPANY OVERVIEW
                       TABLE 138 SIC LAZARO: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 139 SIC LAZARO: DEALS, JANUARY 2017–JULY 2021
                       FIGURE 42 SIC LAZARO (US): SWOT ANALYSIS
             12.2.3 CRESCENT FOUNDRY
                       TABLE 140 CRESCENT FOUNDRY: COMPANY OVERVIEW
                       TABLE 141 CRESCENT FOUNDRY: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 142 CRESCENT FOUNDRY: OTHERS, JANUARY 2017–JULY 2021
                       FIGURE 43 CRESCENT FOUNDRY (INDIA): SWOT ANALYSIS
             12.2.4 GALLIZO
                       TABLE 143 GALLIZO: COMPANY OVERVIEW
                       TABLE 144 GALLIZO: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 145 GALLIZO: DEALS, JULY 2017–AUGUST 2017
                       TABLE 146 GALLIZO: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021
                       FIGURE 44 GALIZO: SWOT ANALYSIS
             12.2.5 MARS METAL
                       TABLE 147 MARS METAL: COMPANY OVERVIEW
                       TABLE 148 MARS METAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       FIGURE 45 MARS METAL: SWOT ANALYSIS
             12.2.6 ULTRARAY METALS
                       TABLE 149 ULTRARAY METALS: COMPANY OVERVIEW
                       TABLE 150 ULTRARAY METALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 151 ULTRARAY METALS: PRODUCT LAUNCHES, JANUARY 2017–JULY 2021
                       TABLE 152 ULTRARAY METALS: DEALS, JANUARY 2017–JULY 2021
             12.2.7 ISC
                       TABLE 153 ISC: COMPANY OVERVIEW
                       TABLE 154 ISC: PRODUCT LAUNCHES, JANUARY 2017–JULY 2021
                       TABLE 155 ISC: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021
             12.2.8 VIETNAM CAST IRON
                       TABLE 156 VIETNAM CAST IRON: COMPANY OVERVIEW
                       TABLE 157 VIETNAM CAST IRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.9 AGESCAN INTERNATIONAL INC.
                       TABLE 158 AGESCAN INTERNATIONAL INC.: COMPANY OVERVIEW
                       TABLE 159 AGESCAN INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             12.2.10 AMAC ALLOYS
                        TABLE 160 AMAC ALLOYS: COMPANY OVERVIEW
                        TABLE 161 AMAC ALLOYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 162 AMAC ALLOYS: DEALS, FEBRUARY 2017– JANUARY 2017–JULY 2021
             12.2.11 MAX IRON
                        TABLE 163 MAX IRON: COMPANY OVERVIEW
                        TABLE 164 MAX IRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 165 MAX IRON: DEALS, JANUARY 2017–JULY 2021
             12.2.12 LKAB MINERALS
                        TABLE 166 LKAB MINERALS: COMPANY OVERVIEW
                        TABLE 167 LKAB MINERALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.13 KONSTANTA
                        TABLE 168 KONSTANTA: COMPANY OVERVIEW
                        TABLE 169 KONSTANTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.14 EDGETECH INDUSTRIES LLC
                        TABLE 170 EDGETECH INDUSTRIES LLC: COMPANY OVERVIEW
                        TABLE 171 EDGETECH INDUSTRIES LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.15 SIC LAZARO INDUSTRIAL
                        TABLE 172 SIC LAZARO INDUSTRIAL: COMPANY OVERVIEW
                        TABLE 173 SIC LAZARO INDUSTRIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.16 SHANXI HUAXIANG GROUP CO. LTD.
                        TABLE 174 SHANXI HUAXIANG GROUP CO. LTD.: COMPANY OVERVIEW
                        TABLE 175 SHANXI HUAXIANG GROUP CO LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             12.2.17 TENWINKEL GMBH & CO. KG
                        TABLE 176 TENWINKEL GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 177 TENWINKEL GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.18 BETONFERTIGTEILE ERNST BINDER GMBH
                        TABLE 178 BETONFERTIGTEILE ERNST BINDER GMBH: COMPANY OVERVIEW
                        TABLE 179 BETONFERTIGTEILE ERNST BINDER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.19 FRANS PATEER B.V.
                        TABLE 180 FRANS PATEER B.V.: COMPANY OVERVIEW
                        TABLE 181 FRANS PATEER B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.20 CASTING QUALITY
                        TABLE 182 CASTING QUALITY: COMPANY OVERVIEW
                        TABLE 183 FRANS PATEER B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.21 SIC LAZARO POLSKA
                        TABLE 184 SIC LAZARO POLSKA: COMPANY OVERVIEW
                        TABLE 185 SIC LAZARO POLSKA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.22 MESSERSCHMIDT INDUSTRIEDESIGN
                        TABLE 186 MESSERSCHMIDT INDUSTRIEDESIGN: COMPANY OVERVIEW
                        TABLE 187 MESSERSCHMIDT INDUSTRIEDESIGN: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             12.2.23 BRUCKERT BETON GMBH
                        TABLE 188 BRUCKERT BETON GMBH: COMPANY OVERVIEW
                        TABLE 189 BRUCKERT BETON GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.24 SO ME FER SRL
                        TABLE 190 SO ME FER SRL: COMPANY OVERVIEW
             12.2.25 VALSUSA SAS
                        TABLE 191 VALSUSA SAS: COMPANY OVERVIEW

*Details on Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 214)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involved major activities in estimating the current size of the industrial counterweights market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Country-wise analysis were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments. 

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global industrial counterweights market. The other secondary sources included press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The industrial counterweights market comprises several stakeholders, such as product manufacturers, service providers, distributors, and end-users in the supply chain. The demand-side of this market is characterized by its industrial end-user industries. Moreover, the demand is also driven by the rising demand of increased efficiency. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Industrial Counterweights Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Industrial Counterweights Market Size Estimation

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Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the industrial counterweights market ecosystem.

Report Objectives

  • To define, describe, and forecast the size of the industrial counterweights market by type, material, application, end user, and region, in terms of value
  • To estimate and forecast the global industrial counterweights market for various segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and industry-specific challenges that influence the market growth
  • To provide a detailed overview of the industrial counterweights value chain, along with industry trends, use cases, security standards, and Porter’s five forces
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments and detail the competitive landscape for market players
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies2
  • To analyze competitive developments, such as joint ventures, mergers and acquisitions, contracts, and agreements, and new product launches, in the industrial counterweights market
  • To benchmark players within the market using the proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
  • This report covers the industrial counterweights market size in terms of value.

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Industrial Counterweights Market

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Report Code
EP 7948
Published ON
Jul, 2021
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