Lifting Columns Market Size, Share, Growth, and Industry Analysis, By Type (Multi-stage Lifting Columns, Two-stage Lifting Columns), By Application (Medical Use, Commercial Use, Home Use, Others) and Regional Forecast to 2028

Updated On: 29 April 2024

REPORT OVERVIEW

The global lifting columns market size was USD 452.5 million in 2019 and market is projected to touch USD 705.6 million by 2026 at CAGR 8.4% during the forecast period.

Lifting columns refer to mechanical devices commonly used in various applications, including industrial machinery, medical equipment, and ergonomic furniture. These columns provide controlled vertical movement, allowing for precise adjustment of height. Typically, they consist of telescopic elements powered by electric motors or hydraulic systems. By extending or retracting these elements, lifting columns can raise or lower objects or platforms smoothly and safely. Their design often incorporates features like adjustable speed, load capacity, and position accuracy, making them versatile for different tasks. In industrial settings, lifting columns facilitate efficient assembly line processes and ergonomic workstations, enhancing productivity and worker comfort. In healthcare, they enable flexible patient positioning in medical beds or examination tables. Moreover, lifting columns find applications in adjustable desks and workstations, promoting ergonomic posture and user well-being in office environments. Overall, lifting columns play a crucial role in enhancing functionality, efficiency, and comfort across various sectors.

The lifting columns market has experienced significant growth in recent years, driven by a multitude of factors including increasing industrial automation, growing demand for ergonomic solutions, and advancements in technology. Lifting columns, which are electro-mechanical devices used for height adjustment in various applications, have witnessed a surge in demand across industries such as manufacturing, healthcare, automotive, and logistics. One of the key drivers of market growth is the rising adoption of automation in manufacturing processes. Lifting columns play a crucial role in automated assembly lines by facilitating the movement of materials and products with precision and efficiency. As manufacturers seek to enhance productivity and reduce labor costs, the demand for lifting columns equipped with advanced features such as programmable height adjustment and integrated control systems has escalated. Furthermore, there is a growing emphasis on workplace ergonomics to ensure the health and safety of employees. Lifting columns enable the customization of workstations to accommodate different tasks and ergonomic requirements, thereby reducing the risk of musculoskeletal disorders and improving overall comfort and productivity.

COVID-19 Impact: Market Growth Hampered By Pandemic Due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The lifting columns market has experienced a significant negative impact due to the COVID-19 pandemic. With lockdowns, supply chain disruptions, and economic uncertainties, many industries that utilize lifting columns, such as automotive, manufacturing, and construction, saw a decline in demand for their products and services. Reduced investments in infrastructure projects and halted production lines further dampened the market. Additionally, the temporary closure of manufacturing facilities and restrictions on movement hindered the production and distribution of lifting columns globally. Despite some recovery in certain sectors as restrictions eased, the market continues to face challenges such as fluctuating demand, labor shortages, and lingering economic uncertainty. As businesses adapt to new norms and recovery efforts progress, the market is expected to gradually recover, but it may take time to reach pre-pandemic levels of growth and stability.

LATEST TRENDS

"Integration of IoT (Internet of Things) Technology to Drive Market Growth"

The lifting columns market is witnessing several notable trends driven by advancements in technology, increasing demand for ergonomic solutions, and the growing need for automation across various industries. One prominent trend is the integration of IoT (Internet of Things) technology into lifting columns. IoT-enabled lifting columns offer remote monitoring, predictive maintenance capabilities, and enhanced connectivity, allowing users to monitor and control the devices from anywhere using a smartphone or computer. This trend is particularly significant in industrial settings where efficiency and uptime are critical. Another key trend is the rising adoption of electric lifting columns over traditional hydraulic or pneumatic options. Electric lifting columns offer smoother operation, precise positioning, and lower maintenance requirements. Additionally, they are more environmentally friendly and cost-effective in the long run, driving their adoption across industries such as healthcare, automotive, and manufacturing. Ergonomics is also driving innovation in the market. Manufacturers are designing columns with adjustable height and customizable features to promote user comfort and safety in workplaces. Ergonomically designed lifting columns reduce the risk of musculoskeletal disorders and improve overall productivity.

LIFTING COLUMNS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Multi-stage Lifting Columns, Two-stage Lifting Columns.

• Multi-stage Lifting Columns: Multi-stage lifting columns feature multiple telescopic sections that extend and retract independently, offering enhanced flexibility in height adjustment. This design allows for a wider range of height settings, making multi-stage lifting columns suitable for applications requiring precise positioning or accommodating users of different heights.
• Two-stage Lifting Columns: Two-stage lifting columns consist of two telescopic sections that extend and retract together, providing simpler operation and cost-effective solutions for height adjustment needs. While they may offer fewer height settings compared to multi-stage columns, two-stage lifting columns are valued for their efficiency and straightforward design.

By Application

Based on application the global market can be categorized into Medical Use, Commercial Use, Home Use, Others.

• Medical Use: In the medical field, lifting columns play a crucial role in patient care and rehabilitation. They are integrated into hospital beds, operating tables, and examination chairs, enabling healthcare professionals to adjust positions easily for procedures, surgeries, and patient comfort.
• Commercial Use: In commercial settings, lifting columns are utilized in manufacturing, logistics, and automation industries. They are incorporated into assembly lines, conveyor systems, and workstations to facilitate efficient handling of goods and materials.
• Home Use: At home, lifting columns serve various purposes, primarily in furniture design and home automation. They are integrated into adjustable desks, tables, and chairs, allowing users to customize height settings for comfort and functionality.
• Others: lifting columns have diverse uses in industries such as automotive, aerospace, and entertainment. In automotive manufacturing, they are employed in vehicle assembly for tasks like lifting car bodies and positioning components. In the aerospace sector, lifting columns aid in aircraft maintenance, supporting the adjustment of heavy equipment and parts during servicing.

DRIVING FACTORS

"Rising Focus on Automation and Industry 4.0 to Boost the Market Growth"

With the increasing focus on automation in industries, lifting columns find extensive applications in material handling, assembly lines, and logistics. They enable efficient and precise positioning of heavy loads, leading to improved productivity and safety in industrial operations. The booming e-commerce sector necessitates efficient warehouse operations and order fulfilment processes. Lifting columns are integral in material handling systems within warehouses, facilitating the movement of goods, picking, and packing operations, thereby supporting the rapid growth of e-commerce businesses. Technological advancements such as the integration of IoT (Internet of Things) and automation technologies into lifting columns have enhanced their capabilities. Smart lifting columns equipped with sensors, remote monitoring, and predictive maintenance features offer improved efficiency, reliability, and operational insights, driving their adoption across various industries. Rapid urbanization and infrastructure development projects worldwide fuel the demand for lifting columns in construction, civil engineering, and architectural applications. These columns are used for tasks like lifting heavy construction materials, facilitating installation works, and providing access solutions in urban environments, contributing to lifting columns market growth.

"Healthcare Sector Expansion to Expand the Market"

In the healthcare sector, lifting columns play a crucial role in patient care and rehabilitation. With the aging population and the increasing prevalence of chronic diseases, there's a growing need for lifting aids and adjustable medical equipment in hospitals, nursing homes, and rehabilitation centres, driving the demand for lifting columns. Employers are increasingly investing in ergonomic solutions to enhance workplace safety and employee well-being. Lifting columns help in creating ergonomic workstations by allowing height-adjustable desks, workbenches, and ergonomic seating arrangements. This focus on workplace ergonomics boosts the demand for lifting columns in office spaces, manufacturing facilities, and laboratories. Rising environmental concerns and energy efficiency regulations encourage the adoption of eco-friendly solutions across industries. Lifting columns designed with energy-efficient motors, sustainable materials, and recyclable components align with these sustainability goals, driving their preference among environmentally conscious consumers and businesses. Manufacturers in the lifting columns market are offering customizable solutions tailored to specific industry requirements and applications. This customization capability enables lifting columns to address diverse needs across industries such as automotive, aerospace, retail, and entertainment, fostering their widespread adoption.

RESTRAINING FACTORS

"High Initial Investment Costs to Impede Market Growth"

One of the primary restraints in the lifting columns market is the high initial investment required for both manufacturers and consumers. Developing lifting column systems involves significant research and development costs, especially for integrating advanced technologies such as automation, sensor systems, and remote control functionalities. For consumers, purchasing lifting column systems for various applications represents a substantial capital expenditure, which may deter smaller businesses or individuals from investing in such equipment.

LIFTING COLUMNS MARKET REGIONAL INSIGHTS

"Asia Pacific to Dominate in the Market due to Presence of a Large Consumer Base"

The market is segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific has emerged as the most dominant region in the global lifting columns market share. This region is witnessing robust growth primarily fuelled by rapid industrialization in countries such as China, India, and Southeast Asian nations. The burgeoning manufacturing sector in these countries demands efficient material handling solutions, wherein lifting columns play a pivotal role. Additionally, the increasing adoption of automation and robotics across various industries further propels the demand for lifting columns in Asia Pacific.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Lifting columns market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in Lifting columns, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Linak (Denmark)
• Phoenix Mecano (Switzerland)
• Jiecang (China)
• Thomson Industries (U.S.)
• Timotion (Taiwan)
• Suspa (Germany)
• Kaidi  (China)

INDUSTRIAL DEVELOPMENT

September 2023: In September 2023, RiACT and Phoenix Mecano AB declared their collaboration to develop XtendR, a technology that will increase the flexibility and productivity of collaborative robots. With the help of XtendR, any cobot and any gripper can connect to a top-notch industrial lifting column from Phoenix Mecano's X2 Technology brand, enabling the cobot to reach new working heights. Users can effortlessly programme and operate the robot and lifting column with the help of RiACT's RiFLEX software, the company stated.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.