Global Electric Hoist Market Growth 2025-2031

Global Electric Hoist Market Growth 2025-2031

The global Electric Hoist market size is predicted to grow from US$ 1878 million in 2025 to US$ 2426 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

An electric hoist is a device that uses electric power to lift, move, and lower loads by driving a winch mechanism via an electric motor. It typically consists of a motor, gearbox, brake, drum or chain wheel, hook or lifting ring, and an electrical control system. Electric hoists are commonly used in industrial and construction environments as essential material handling tools. They employ wire ropes or chains to connect to the load and are known for their ease of use, fast lifting speeds, and ability to handle heavy loads.

Electric hoists are widely used in factories, warehouses, docks, and construction sites for lifting a variety of materials. They enhance efficiency and reduce labor intensity, making them an indispensable part of modern material handling equipment.

Automation and Smart Hoists: With the rise of industrial automation and smart manufacturing, electric hoists are evolving towards more intelligent systems. Advanced electric hoists are equipped with smart control systems that offer remote monitoring, automatic fault diagnostics, and real-time data analysis, improving operational safety and efficiency. Automated hoists can integrate with factory automation systems, allowing for seamless material handling across production lines.

Energy Efficiency and Environmental Concerns: The demand for energy-efficient and eco-friendly solutions is growing, leading to the development of more efficient electric hoists. New models feature energy-saving motors and control technologies that reduce energy consumption and minimize CO2 emissions, aligning with green manufacturing trends.

Lightweight and Portable Design: To meet the needs of various applications, electric hoists are becoming lighter and more portable. Compact, portable electric hoists are ideal for on-site operations and maintenance tasks, offering easy mobility and installation, making them suitable for small-scale projects.

Safety and Load Management: Safety remains a key focus in the development of electric hoists. Modern electric hoists are equipped with advanced safety features such as overload protection, automatic power cut-off, and real-time load monitoring. Additionally, intelligent load management systems can adjust operational parameters based on actual load conditions, ensuring the hoist operates within safe limits.

Versatility and Adaptability: As industry demands diversify, electric hoists are becoming more versatile. Some models are designed to work in specialized environments, such as explosion-proof zones or extreme temperatures. Modular designs also allow for customization based on specific requirements, adapting to different work environments and task needs.

Global Market Expansion: The global demand for electric hoists is on the rise, particularly in emerging markets in the Asia-Pacific and Middle East regions. The rapid industrialization and construction activities in these regions are driving increased adoption of electric hoists. Manufacturers are expanding their presence in these regions to tap into growing market opportunities.

In conclusion, the electric hoist industry is progressing towards smarter, more energy-efficient, safe, and versatile products. With continuous advancements in technology and expanding applications, electric hoists will remain a crucial component of modern material handling solutions, supporting efficient and safe operations in a wide range of industries.

LP Information, Inc. (LPI) ' newest research report, the “Electric Hoist Industry Forecast” looks at past sales and reviews total world Electric Hoist sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Hoist sales for 2025 through 2031. 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.

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.

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 analysing the company's coverage, product portfolio, its market penetration.
Columbus McKinnon
Kito
Konecranes
Ingersoll Rand
TRACTEL
PLANETA
Hitachi
Imer International
DAESAN
Endo Kogyo
Nucleon (Xinxiang)
Henan Kuangshan Crane
Weihua Heavy Machinery
Zhejiang Shuangniao Machinery
Zhejiang Guanlin Machinery
Novocrane (Suzhou)
Chongqing Vitali Lifting Equipment
Jiangsu Bada Science Techology
WORLDHOISTS (Tianjin)
Zhejiang Wuyi Machinery
Jiangsu Sanma Cranes Manufacture
TXK
Cheng Day

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 by Type, by Application?

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