The global lifting equipment market size was estimated at $82.5 million in 2024 and is projected to reach $138.6 million by 2033, growing at a CAGR of 6.0% from 2025 to 2033. Rapid urbanisation and increasing infrastructure development are significantly driving the growth of the lifting equipment industry. The warehousing & logistics segment is expected to grow at the fastest CAGR of 6.5% from 2025 to 2033.
This article was first published in the January 1st 2026 issue of Warehouse & Logistics News, subscribe to the magazine by clicking here.
Konecranes launched its first electric reach stacker at the TOC Asia exhibition in Singapore, bolstering its portfolio of low- to zero-tailpipe-emission port equipment to meet increasing demand from port customers. The company also announced full global access for its Remote Services so customers can improve operational efficiency and reduce downtime without the need for on-site personnel. As countries and businesses continue to focus on reducing their carbon emissions, Konecranes continues to earn its position as the recognised industry leader in this space.
Rope and Sling Specialists Ltd (RSS) Managing Director Steve Hutin has won the LEEA (Lifting Equipment Engineers Association) Excellence in Leadership award for his inspiring vision, business growth, and commitment to developing staff through initiatives like the “learn and earn” programme, transforming RSS into a national business while maintaining family values. Hutin was recognised for transforming RSS from a small depot into a thriving national company with multiple locations, significant turnover, and a strong people-first culture, fostering learning and development for nearly 100 employees to gain LEEA qualifications. This award highlights his strategic leadership, dedication to employee growth, and successful expansion of the business.
H&S Lifting provides its clients with a wide range of tailored solutions, so businesses are able to utilise their space to the fullest advantage. These pioneering solutions allow them to maximise their operational efficiency, without compromising on safety or performance. The team can adapt vacuum lifters in numerous ways, including lowering headroom, compact gantries and repositioning and adding a knuckle jib.
LGH, the largest single organisation devoted exclusively to the rental of lifting and moving equipment, has officially opened its first dedicated location in France. The new facility in Dreux, on the outskirts of Paris, marks a strategic milestone in LGH’s European expansion and reinforces its commitment to delivering safe and reliable lifting solutions across the continent. The Dreux facility features a fully equipped warehouse stocked with a wide range of high-quality rental equipment.
As the warehousing & logistics industry is set to grow over the next decade, it makes sense that the lifting sector will grow along with it.
George Simpson
Features Editor
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