Global Lifting Columns Market is estimated to grow at a CAGR of 6.8% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The regular need for efficient and automated work of lifting different equipment and heavy loads in various industries such as industrial automation, packaging healthcare industry is expected to drive the lifting column market. The demand for lifting columns is also growing owing to the need for enhancing manufacturing capacity by using time-saving technologies.
The technical benefits of the lifting column, such as operating manually and automatically, are projected to drive the growth of the lifting column market over the forecast period. Furthermore, the advancement of technology to operate a lifting column using mobile devices also attracts the consumer. Moreover, the increasing accident rates across the globe have also increased the demand for lifting columns as hospitals need adjustable beds and chairs where patients can be cured comfortably.
Global Lifting Columns Market Segment Analysis:
Based on the application, the healthcare sector leading the global lifting columns market, manual operations were a must to move the products and adjust them for an accurate workable condition. With the advancements in technology, there was a development of lifting columns that could be operated by a mobile device like a remote. With the help of remote control and wireless technology, one could adjust the situation of any product within the facility.
In terms of region, North America is dominating the global lifting columns market. America will be the major revenue contributor to the lifting columns market during the forecast period. The increasing adoption of modular kitchens and movable desks with monitors and the rising level of industrialization has improved the use of lifting columns in the region. Moreover, the lifting columns market in the Americas will also be driven by the adoption of advanced device controls that will enable users to control operations remotely.
Global Lifting Columns Market, Key Highlights:
• Global Lifting Columns Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Lifting Columns Market
• Global Lifting Columns Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Lifting Columns Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Lifting Columns Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Lifting Columns Market are also profiled.
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Global Lifting Columns Market, by Type
• Multi-stage lifting columns
• Two-stage lifting columns
Global Lifting Columns Market, by Application
• Industrial sector
• Healthcare sector
Global Lifting Columns Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Lifting Columns Market Key Players
• Phoenix Mecano
• X2 Technology
• Progressive Automations
• MOVETEC Solutions
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