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.

The global Counterweight market was valued at US$ 4078 million in 2023 and is anticipated to reach US$ 5607 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.

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.

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.

Report Scope

The Counterweight market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Counterweight 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 Counterweight 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.

Market Segmentation


By Company


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

Segment by Material

Cast Iron

Steel

Concrete

Lead

Tungsten Alloy

Others


Segment by Application


Elevator

Forklift

Excavator

Crane

Wheel Loader

Aerial Work Platform

Bridge

Marine

Automobile

Home Appliance


Production by Region



North America

Europe

China

Japan

India


Consumption by Region


North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Material, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Counterweight manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Counterweight by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption 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, and production of each country in the world.

Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

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: The main points and conclusions of the report.