Global Hoists Market Growth 2025-2031

Global Hoists Market Growth 2025-2031

The global Hoists market size is predicted to grow from US$ 3532 million in 2025 to US$ 4508 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

A hoist is a mechanical device for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload. A basic hoist is defined by two chief characteristics. The first is the lifting medium, which may be a wire rope wrapped around a drum or a chain raised by a pulley. The second is the type of power utilized by the hoist. Common power-sources are hydraulics, electricity, air driven motors, and, in the case of a manual hoist, muscle power.

The main crane manufacturers are Kito, Zhejiang Shuangniao Machinery, Zhejiang Guanlin Machinery, Columbus McKinnon and Jiangsu Bada Science Techology, etc. And the world's top five manufacturers have a total market share of nearly 26%. Regionally, the Asia-Pacific region holds the largest market share at around 39%. Among the product types of cranes, Electric Hoists account for about 53% of the market share. From an application perspective, Factories have the highest share at around 30%, followed by Construction Sites and Mining & Excavating Operation, with 17% and 10% market share, respectively.

LP Information, Inc. (LPI) ' newest research report, the “Hoists Industry Forecast” looks at past sales and reviews total world Hoists sales in 2024, providing a comprehensive analysis by region and market sector of projected Hoists sales for 2025 through 2031. With Hoists sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hoists industry.

This Insight Report provides a comprehensive analysis of the global Hoists 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 Hoists portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hoists market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hoists 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 Hoists.

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

Segmentation by Type:
Manual Hoists
Electric Hoists
Air Hoists
Hydraulic Hoists

Segmentation by Application:
Factories
Construction Sites
Marinas & Shipyards
Mining & 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 Hoists market?

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

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

How do Hoists market opportunities vary by end market size?

How does Hoists break out by Type, by Application?

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