Global Electric Hoist Market Growth 2023-2029

Global Electric Hoist Market Growth 2023-2029

Electric Hoist is a mechanical device with electricity power-sources for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload. The basic electric hoist has two important characteristics to define it: Lifting medium and power type.

LPI (LP Information)' newest research report, the “Electric Hoist Industry Forecast” looks at past sales and reviews total world Electric Hoist sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Hoist sales for 2023 through 2029. With Electric Hoist sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Hoist industry.

This Insight Report provides a comprehensive analysis of the global Electric Hoist landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Hoist portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Hoist market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Hoist and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Hoist.

The global Electric Hoist market size is projected to grow from US$ 1656.2 million in 2022 to US$ 2232.3 million in 2029; it is expected to grow at a CAGR of 2232.3 from 2023 to 2029.

Global Electric Hoist key players include Kito, Columbus McKinnon, Konecranes, Terex, Hitachi Industrial, etc. Global top five manufacturers hold a share nearly 50%.

USA is the largest market, with a share about 30%, followed by China, and Europe, both have a share about 45 percent.

In terms of product, Electric Chain Hoist is the largest segment, with a share about 70%. And in terms of application, the largest application is Construction Sites, followed by Marinas and Shipyards, Factories, Mining and Excavating Operation, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Hoist market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Electric Chain Hoist

Electric Wire Hoist

Other Electric Hoist

Segmentation by application

Factories

Construction Sites

Marinas and Shipyards

Mining and Excavating Operation

Warehouse

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Kito

Terex

Hitachi Industrial

Columbus McKinnon

Konecranes

Street Crane

Ingersoll Rand

ABUS

Imer International

TOYO

Gorbel

DAESAN

Milwaukee Tool

VERLINDE

LIFTKET

Li An Machinery

DL Heavy Industry

Nanyang Kairui

Jiangsu Jiali

Niukelun

Chi Zong Machine

TBM

Chongqing Shanyan

Cheng Day

Shanghai Yiying

Beijing Lingying

Shanghai Shuangdiao

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Hoist market?

What factors are driving Electric Hoist market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Hoist market opportunities vary by end market size?

How does Electric Hoist break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.