The global Counterweight market was valued at US$ 4196.1 million in 2022 and is projected to reach US$ 5783.1 million by 2029, at a CAGR of 4.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key manufacturers of Counterweight include SIC Lazaro, Konstanta, Max Iron, FMGC (Farinia), Blackwood Engineering, etc. the top five players hold a share over 27%.
In terms of material, it include Cast Iron, Steel, Concrete, Lead, Tungsten Alloy. Concrete is the largest segment, occupied for a share of 61%.
The production is mainly used in Elevator, Forklift, Excavator, Crane, Wheel Loader, Aerial Work Platform, Bridge, Marine, Automobile, Home Appliance. Counterweight can be mainly used in Elevator.
Counterweights are an integral part of a variety of big machines dealing with huge load. By balancing the weight, they secure a safety performance of tractors, forklift trucks, cranes, excavators and others.
Counterweights are typically made of metals – with cast iron counterweights and concrete counterweights being the most often used ones. Steel, titanium, tungsten and a few metal alloys can also be used to manufacture high-quality counterweights.
As an example: Forklift counterweights are made of either full cast iron, full concrete or a combined mix of metal and concrete.
This report aims to provide a comprehensive presentation of the global market for Counterweight, 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 Counterweight. This report contains market size and forecasts of Counterweight in global, including the following market information:
Global Counterweight Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Counterweight Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Counterweight companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Counterweight manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Counterweight Market, by Material, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Counterweight Market Segment Percentages, by Material, 2022 (%)
Cast Iron
Steel
Concrete
Lead
Tungsten Alloy
Others
Global Counterweight Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Counterweight Market Segment Percentages, by Application, 2022 (%)
Elevator
Forklift
Excavator
Crane
Wheel Loader
Aerial Work Platform
Bridge
Marine
Automobile
Home Appliance
Global Counterweight Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Counterweight Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Counterweight revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Counterweight revenues share in global market, 2022 (%)
Key companies Counterweight sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Counterweight sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
FMGC (Farinia)
Blackwood Engineering
SIC Lazaro
Gallizo
Max Iron
Swebor
Ondo Metal
Mars Metal
International Steel & Counterweights
Ultraray Metals
Crescent Foundry
Konstanta
AMAC Alloys
Huaining County Hengyuan Renewable Technology
Agescan International
Innotec
Zunhua Wanxin Construction Machinery
LB Steel
Hameco
Outline of Major Chapters:
Chapter 1: Introduces the definition of Counterweight, market overview.
Chapter 2: Global Counterweight market size in revenue and volume.
Chapter 3: Detailed analysis of Counterweight manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by material, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Counterweight in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Counterweight capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 Counterweight Market Definition
1.2 Market Segments
1.2.1 Market by Material
1.2.2 Market by Application
1.3 Global Counterweight Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Counterweight Overall Market Size
2.1 Global Counterweight Market Size: 2022 VS 2029
2.2 Global Counterweight Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Counterweight Sales: 2018-2029
3 Company Landscape
3.1 Top Counterweight Players in Global Market
3.2 Top Global Counterweight Companies Ranked by Revenue
3.3 Global Counterweight Revenue by Companies
3.4 Global Counterweight Sales by Companies
3.5 Global Counterweight Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Counterweight Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Counterweight Product Type
3.8 Tier 1, Tier 2 and Tier 3 Counterweight Players in Global Market
3.8.1 List of Global Tier 1 Counterweight Companies
3.8.2 List of Global Tier 2 and Tier 3 Counterweight Companies
4 Sights by Product
4.1 Overview
4.1.1 By Material - Global Counterweight Market Size Markets, 2022 & 2029
4.1.2 Cast Iron
4.1.3 Steel
4.1.4 Concrete
4.1.5 Lead
4.1.6 Tungsten Alloy
4.1.7 Others
4.2 By Material - Global Counterweight Revenue & Forecasts
4.2.1 By Material - Global Counterweight Revenue, 2018-2023
4.2.2 By Material - Global Counterweight Revenue, 2024-2029
4.2.3 By Material - Global Counterweight Revenue Market Share, 2018-2029
4.3 By Material - Global Counterweight Sales & Forecasts
4.3.1 By Material - Global Counterweight Sales, 2018-2023
4.3.2 By Material - Global Counterweight Sales, 2024-2029
4.3.3 By Material - Global Counterweight Sales Market Share, 2018-2029
4.4 By Material - Global Counterweight Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Counterweight Market Size, 2022 & 2029
5.1.2 Elevator
5.1.3 Forklift
5.1.4 Excavator
5.1.5 Crane
5.1.6 Wheel Loader
5.1.7 Aerial Work Platform
5.1.8 Bridge
5.1.9 Marine
5.1.10 Automobile
5.1.11 Home Appliance
5.2 By Application - Global Counterweight Revenue & Forecasts
5.2.1 By Application - Global Counterweight Revenue, 2018-2023
5.2.2 By Application - Global Counterweight Revenue, 2024-2029
5.2.3 By Application - Global Counterweight Revenue Market Share, 2018-2029
5.3 By Application - Global Counterweight Sales & Forecasts
5.3.1 By Application - Global Counterweight Sales, 2018-2023
5.3.2 By Application - Global Counterweight Sales, 2024-2029
5.3.3 By Application - Global Counterweight Sales Market Share, 2018-2029
5.4 By Application - Global Counterweight Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global Counterweight Market Size, 2022 & 2029
6.2 By Region - Global Counterweight Revenue & Forecasts
6.2.1 By Region - Global Counterweight Revenue, 2018-2023
6.2.2 By Region - Global Counterweight Revenue, 2024-2029
6.2.3 By Region - Global Counterweight Revenue Market Share, 2018-2029
6.3 By Region - Global Counterweight Sales & Forecasts
6.3.1 By Region - Global Counterweight Sales, 2018-2023
6.3.2 By Region - Global Counterweight Sales, 2024-2029
6.3.3 By Region - Global Counterweight Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America Counterweight Revenue, 2018-2029
6.4.2 By Country - North America Counterweight Sales, 2018-2029
6.4.3 US Counterweight Market Size, 2018-2029
6.4.4 Canada Counterweight Market Size, 2018-2029
6.4.5 Mexico Counterweight Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe Counterweight Revenue, 2018-2029
6.5.2 By Country - Europe Counterweight Sales, 2018-2029
6.5.3 Germany Counterweight Market Size, 2018-2029
6.5.4 France Counterweight Market Size, 2018-2029
6.5.5 U.K. Counterweight Market Size, 2018-2029
6.5.6 Italy Counterweight Market Size, 2018-2029
6.5.7 Russia Counterweight Market Size, 2018-2029
6.5.8 Nordic Countries Counterweight Market Size, 2018-2029
6.5.9 Benelux Counterweight Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia Counterweight Revenue, 2018-2029
6.6.2 By Region - Asia Counterweight Sales, 2018-2029
6.6.3 China Counterweight Market Size, 2018-2029
6.6.4 Japan Counterweight Market Size, 2018-2029
6.6.5 South Korea Counterweight Market Size, 2018-2029
6.6.6 Southeast Asia Counterweight Market Size, 2018-2029
6.6.7 India Counterweight Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America Counterweight Revenue, 2018-2029
6.7.2 By Country - South America Counterweight Sales, 2018-2029
6.7.3 Brazil Counterweight Market Size, 2018-2029
6.7.4 Argentina Counterweight Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Counterweight Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa Counterweight Sales, 2018-2029
6.8.3 Turkey Counterweight Market Size, 2018-2029
6.8.4 Israel Counterweight Market Size, 2018-2029
6.8.5 Saudi Arabia Counterweight Market Size, 2018-2029
6.8.6 UAE Counterweight Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 FMGC (Farinia)
7.1.1 FMGC (Farinia) Company Summary
7.1.2 FMGC (Farinia) Business Overview
7.1.3 FMGC (Farinia) Counterweight Major Product Offerings
7.1.4 FMGC (Farinia) Counterweight Sales and Revenue in Global (2018-2023)
7.1.5 FMGC (Farinia) Key News & Latest Developments
7.2 Blackwood Engineering
7.2.1 Blackwood Engineering Company Summary
7.2.2 Blackwood Engineering Business Overview
7.2.3 Blackwood Engineering Counterweight Major Product Offerings
7.2.4 Blackwood Engineering Counterweight Sales and Revenue in Global (2018-2023)
7.2.5 Blackwood Engineering Key News & Latest Developments
7.3 SIC Lazaro
7.3.1 SIC Lazaro Company Summary
7.3.2 SIC Lazaro Business Overview
7.3.3 SIC Lazaro Counterweight Major Product Offerings
7.3.4 SIC Lazaro Counterweight Sales and Revenue in Global (2018-2023)
7.3.5 SIC Lazaro Key News & Latest Developments
7.4 Gallizo
7.4.1 Gallizo Company Summary
7.4.2 Gallizo Business Overview
7.4.3 Gallizo Counterweight Major Product Offerings
7.4.4 Gallizo Counterweight Sales and Revenue in Global (2018-2023)
7.4.5 Gallizo Key News & Latest Developments
7.5 Max Iron
7.5.1 Max Iron Company Summary
7.5.2 Max Iron Business Overview
7.5.3 Max Iron Counterweight Major Product Offerings
7.5.4 Max Iron Counterweight Sales and Revenue in Global (2018-2023)
7.5.5 Max Iron Key News & Latest Developments
7.6 Swebor
7.6.1 Swebor Company Summary
7.6.2 Swebor Business Overview
7.6.3 Swebor Counterweight Major Product Offerings
7.6.4 Swebor Counterweight Sales and Revenue in Global (2018-2023)
7.6.5 Swebor Key News & Latest Developments
7.7 Ondo Metal
7.7.1 Ondo Metal Company Summary
7.7.2 Ondo Metal Business Overview
7.7.3 Ondo Metal Counterweight Major Product Offerings
7.7.4 Ondo Metal Counterweight Sales and Revenue in Global (2018-2023)
7.7.5 Ondo Metal Key News & Latest Developments
7.8 Mars Metal
7.8.1 Mars Metal Company Summary
7.8.2 Mars Metal Business Overview
7.8.3 Mars Metal Counterweight Major Product Offerings
7.8.4 Mars Metal Counterweight Sales and Revenue in Global (2018-2023)
7.8.5 Mars Metal Key News & Latest Developments
7.9 International Steel & Counterweights
7.9.1 International Steel & Counterweights Company Summary
7.9.2 International Steel & Counterweights Business Overview
7.9.3 International Steel & Counterweights Counterweight Major Product Offerings
7.9.4 International Steel & Counterweights Counterweight Sales and Revenue in Global (2018-2023)
7.9.5 International Steel & Counterweights Key News & Latest Developments
7.10 Ultraray Metals
7.10.1 Ultraray Metals Company Summary
7.10.2 Ultraray Metals Business Overview
7.10.3 Ultraray Metals Counterweight Major Product Offerings
7.10.4 Ultraray Metals Counterweight Sales and Revenue in Global (2018-2023)
7.10.5 Ultraray Metals Key News & Latest Developments
7.11 Crescent Foundry
7.11.1 Crescent Foundry Company Summary
7.11.2 Crescent Foundry Counterweight Business Overview
7.11.3 Crescent Foundry Counterweight Major Product Offerings
7.11.4 Crescent Foundry Counterweight Sales and Revenue in Global (2018-2023)
7.11.5 Crescent Foundry Key News & Latest Developments
7.12 Konstanta
7.12.1 Konstanta Company Summary
7.12.2 Konstanta Counterweight Business Overview
7.12.3 Konstanta Counterweight Major Product Offerings
7.12.4 Konstanta Counterweight Sales and Revenue in Global (2018-2023)
7.12.5 Konstanta Key News & Latest Developments
7.13 AMAC Alloys
7.13.1 AMAC Alloys Company Summary
7.13.2 AMAC Alloys Counterweight Business Overview
7.13.3 AMAC Alloys Counterweight Major Product Offerings
7.13.4 AMAC Alloys Counterweight Sales and Revenue in Global (2018-2023)
7.13.5 AMAC Alloys Key News & Latest Developments
7.14 Huaining County Hengyuan Renewable Technology
7.14.1 Huaining County Hengyuan Renewable Technology Company Summary
7.14.2 Huaining County Hengyuan Renewable Technology Business Overview
7.14.3 Huaining County Hengyuan Renewable Technology Counterweight Major Product Offerings
7.14.4 Huaining County Hengyuan Renewable Technology Counterweight Sales and Revenue in Global (2018-2023)
7.14.5 Huaining County Hengyuan Renewable Technology Key News & Latest Developments
7.15 Agescan International
7.15.1 Agescan International Company Summary
7.15.2 Agescan International Business Overview
7.15.3 Agescan International Counterweight Major Product Offerings
7.15.4 Agescan International Counterweight Sales and Revenue in Global (2018-2023)
7.15.5 Agescan International Key News & Latest Developments
7.16 Innotec
7.16.1 Innotec Company Summary
7.16.2 Innotec Business Overview
7.16.3 Innotec Counterweight Major Product Offerings
7.16.4 Innotec Counterweight Sales and Revenue in Global (2018-2023)
7.16.5 Innotec Key News & Latest Developments
7.17 Zunhua Wanxin Construction Machinery
7.17.1 Zunhua Wanxin Construction Machinery Company Summary
7.17.2 Zunhua Wanxin Construction Machinery Business Overview
7.17.3 Zunhua Wanxin Construction Machinery Counterweight Major Product Offerings
7.17.4 Zunhua Wanxin Construction Machinery Counterweight Sales and Revenue in Global (2018-2023)
7.17.5 Zunhua Wanxin Construction Machinery Key News & Latest Developments
7.18 LB Steel
7.18.1 LB Steel Company Summary
7.18.2 LB Steel Business Overview
7.18.3 LB Steel Counterweight Major Product Offerings
7.18.4 LB Steel Counterweight Sales and Revenue in Global (2018-2023)
7.18.5 LB Steel Key News & Latest Developments
7.19 Hameco
7.19.1 Hameco Company Summary
7.19.2 Hameco Business Overview
7.19.3 Hameco Counterweight Major Product Offerings
7.19.4 Hameco Counterweight Sales and Revenue in Global (2018-2023)
7.19.5 Hameco Key News & Latest Developments
8 Global Counterweight Production Capacity, Analysis
8.1 Global Counterweight Production Capacity, 2018-2029
8.2 Counterweight Production Capacity of Key Manufacturers in Global Market
8.3 Global Counterweight Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Counterweight Supply Chain Analysis
10.1 Counterweight Industry Value Chain
10.2 Counterweight Upstream Market
10.3 Counterweight Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Counterweight Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
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