PUBLISHER: QYResearch | PRODUCT CODE: 1269559
PUBLISHER: QYResearch | PRODUCT CODE: 1269559
Global Counterweight market size in terms of revenue is projected to reach 1,656.54 Million USD by 2029 from 1,303.45 Million USD in 2023, with a CAGR 4.08% during 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North America market for Counterweight is estimated to increase from 379.31 million USD in 2023 to reach 479.23 million USD by 2029, at a CAGR of 3.97% during the forecast period of 2023 through 2029.
Europe market for Counterweight is estimated to increase from 322.43 million USD in 2023 to reach 404.24 million USD by 2029, at a CAGR of 3.84% during the forecast period of 2023 through 2029.
Asia-Pacific market for Counterweight is estimated to increase from 476.07 million USD in 2023 to reach 616.63 million USD by 2029, at a CAGR of 4.41% during the forecast period of 2023 through 2029.
Latin America market for Counterweight is estimated to increase from 62.66 million USD in 2023 to reach 75.66 million USD by 2029, at a CAGR of 3.19% during the forecast period of 2023 through 2029.
Middle East and Africa market for Counterweight is estimated to increase from 62.98 million USD in 2023 to reach 80.78 million USD by 2029, at a CAGR of 4.24% during the forecast period of 2023 through 2029.
The major global manufacturers of Counterweight include: FMGC (Farinia), Blackwood Engineering, SIC Lazaro, Gallizo, Max Iron, Swebor, Ondo Metal, Mars Metal, International Steel & Counterweights, Ultraray Metals, etc. In 2022, the world's top five vendors accounted for approximately 23.76% of the revenue.
This report aims to provide a comprehensive presentation of the global market for Counterweights, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Counterweights.
The Counterweights market size, estimations, and forecasts are provided in terms of output/shipments (k MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Counterweights market comprehensively. Regional market sizes, concerning products by Material, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Counterweights manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Material, by Application, and by regions.