Industrial Counterweights Market Worth $8.5 Billion by 2026 - Exclusive Repor... - 0 views
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Almira Coyne on 30 Jul 21the global Industrial Counterweights Market size will grow to USD 8.5 billion by 2026 (forecast year) from USD 6.7 billion in 2021 (estimated year), at a CAGR of 4.5% during the forecast period. The purpose of a counterweight is to make lifting the load faster and more efficient, which saves energy and is less taxing on the lifting machine. Counterweights are used to counterbalance the weight and maintain stability and are required to complete various operations in industries such as industrial manufacturing, marine, renewables, construction, mining, and agriculture. Increasing demand from the construction industry in the industrial environment to offer lucrative opportunities for the Industrial Counterweights Market during the forecast period.