Teleferics And Chair-Lifts Market

The article provides a comprehensive analysis of the global market for teleferics, chair-lifts, ski-draglines, and traction mechanisms for funiculars, forecasting a positive trend in consumption, production, imports, and exports over the next eight years. Key highlights include the market performance projections, trends in key consuming countries, growth patterns in production and overseas purchases, as well as insights into export and import prices. The data reveals the leading countries in terms of consumption, production, imports, and exports, showcasing notable growth rates and trends in the industry.

Market Forecast

Driven by increasing demand for teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 176K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $5.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Teleferics, Chair-Lifts, Ski-Draglines And Traction Mechanisms For Funiculars

After two years of growth, consumption of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars decreased by -23% to 170K units in 2022. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.4% against 2017 indices. As a result, consumption reached the peak volume of 221K units, and then declined rapidly in the following year.

The global teleferics and chair-lifts market value dropped rapidly to $4.3B in 2022, which is down by -25.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a pronounced downturn. As a result, consumption reached the peak level of $7B. From 2019 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The Netherlands (66K units) remains the largest teleferics and chair-lifts consuming country worldwide, comprising approx. 39% of total volume. Moreover, teleferics and chair-lifts consumption in the Netherlands exceeded the figures recorded by the second-largest consumer, the UK (31K units), twofold. Austria (14K units) ranked third in terms of total consumption with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Netherlands totaled +71.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: the UK (+5.9% per year) and Austria (+7.5% per year).

In value terms, the Netherlands ($1.2B) led the market, alone. The second position in the ranking was taken by Austria ($313M). It was followed by the United States.

In the Netherlands, the teleferics and chair-lifts market expanded at an average annual rate of +69.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Austria (+14.1% per year) and the United States (+12.9% per year).

The countries with the highest levels of teleferics and chair-lifts per capita consumption in 2022 were the Netherlands (3.8 units per 1000 persons), Botswana (3.6 units per 1000 persons) and Austria (1.6 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +70.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Teleferics, Chair-Lifts, Ski-Draglines And Traction Mechanisms For Funiculars

For the fourth year in a row, the global market recorded growth in production of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, which increased by 4.9% to 258K units in 2022. The total output volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Global production peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, teleferics and chair-lifts production expanded markedly to $2.6B in 2022 estimated in export price. Over the period under review, production showed strong growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 113%. Global production peaked in 2022 and is expected to retain growth in the near future.

Production By Country

The countries with the highest volumes of production in 2022 were the Netherlands (67K units), India (46K units) and the UK (33K units), together comprising 56% of global production.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +58.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Teleferics, Chair-Lifts, Ski-Draglines And Traction Mechanisms For Funiculars

For the fourth consecutive year, the global market recorded growth in overseas purchases of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, which increased by 16% to 26K units in 2022. Overall, imports saw perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. Global imports peaked at 37K units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, teleferics and chair-lifts imports contracted to $365M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. As a result, imports attained the peak of $560M. From 2020 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

The United States was the major importing country with an import of around 5.8K units, which accounted for 22% of total imports. It was distantly followed by Vietnam (1.7K units) and Malaysia (1.3K units), together comprising an 11% share of total imports. The following importers - India (1,093 units), Tunisia (1,085 units), Switzerland (1,038 units), Italy (985 units), Nepal (834 units), Indonesia (762 units), Canada (758 units), the UK (679 units), Norway (623 units) and Singapore (620 units) - together made up 32% of total imports.

Imports into the United States increased at an average annual rate of +52.9% from 2012 to 2022. At the same time, Nepal (+70.6%), Tunisia (+63.5%), Indonesia (+35.0%), Italy (+33.9%), India (+26.3%), Malaysia (+23.2%), Canada (+13.2%), Switzerland (+13.1%), Vietnam (+9.8%) and Norway (+9.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in the world, with a CAGR of +70.6% from 2012-2022. By contrast, the UK (-5.2%) and Singapore (-19.1%) illustrated a downward trend over the same period. While the share of the United States (+21 p.p.), Tunisia (+4.1 p.p.), Malaysia (+4 p.p.), India (+3.5 p.p.), Italy (+3.4 p.p.), Nepal (+3.1 p.p.), Indonesia (+2.6 p.p.), Vietnam (+2.4 p.p.), Switzerland (+2.1 p.p.) and Canada (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-4.5 p.p.) and Singapore (-29.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($30M), Italy ($20M) and Vietnam ($14M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 17% of global imports. Switzerland, Nepal, Indonesia, Canada, the UK, Norway, India, Malaysia, Singapore and Tunisia lagged somewhat behind, together comprising a further 14%.

Nepal, with a CAGR of +266.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average teleferics and chair-lifts import price stood at $13,770 per unit in 2022, dropping by -18.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2016 an increase of 124%. Global import price peaked at $28,957 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($20,292 per unit), while Tunisia ($111 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+114.8%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Teleferics, Chair-Lifts, Ski-Draglines And Traction Mechanisms For Funiculars

In 2022, after two years of decline, there was significant growth in overseas shipments of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, when their volume increased by 139% to 114K units. In general, exports recorded a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, teleferics and chair-lifts exports amounted to $476M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 49%. As a result, the exports reached the peak of $727M. From 2018 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

India represented the major exporting country with an export of about 46K units, which resulted at 40% of total exports. Thailand (12K units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Switzerland (9.5%), Austria (7.9%), Singapore (7.5%), Australia (7.3%), China (4.7%) and Italy (4.7%). The UK (2.4K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to teleferics and chair-lifts exports from India stood at +31.8%. At the same time, Switzerland (+77.6%), Australia (+57.7%) and Singapore (+18.3%) displayed positive paces of growth. Moreover, Switzerland emerged as the fastest-growing exporter exported in the world, with a CAGR of +77.6% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Thailand (-1.1%), Austria (-5.3%), China (-6.9%) and the UK (-16.8%) illustrated a downward trend over the same period. India (+36 p.p.), Switzerland (+9.5 p.p.), Australia (+7.2 p.p.) and Singapore (+5.3 p.p.) significantly strengthened its position in terms of the global exports, while Italy, Thailand, China, Austria and the UK saw its share reduced by -3.2%, -8.2%, -10.6%, -14% and -18.8% from 2012 to 2022, respectively.

In value terms, Austria ($215M) remains the largest teleferics and chair-lifts supplier worldwide, comprising 45% of global exports. The second position in the ranking was held by Italy ($103M), with a 22% share of global exports. It was followed by the UK, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Austria amounted to -2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.9% per year) and the UK (-8.2% per year).

Export Prices By Country

In 2022, the average teleferics and chair-lifts export price amounted to $4,155 per unit, waning by -56.1% against the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of 53%. Over the period under review, the average export prices attained the peak figure at $11,079 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($23,698 per unit), while Thailand ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform