Hoist Market Report: Trends, Forecast and Competitive Analysis to 2030

Hoist Market Report: Trends, Forecast and Competitive Analysis to 2030

Hoist Trends and Forecast

The future of the global hoist market looks promising with opportunities in the automotive & railway, aerospace & defense, transportation & logistics, construction, shipping & marine, material handling, and agriculture & forestry markets. The global hoist market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rise in global population and surge in demand for industrial and commercial.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Hoist by Segment

The study includes a forecast for the global hoist by distribution channel, application, end use, and region.

Hoist Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Direct
• Indirect

Hoist Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial Recovery
• Crane
• Workboat
• Utility
• Others

Hoist Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive & Railway
• Aerospace & Defense
• Transportation & Logistics
• Construction
• Shipping & Marine
• Material Handling
• Agriculture & Forestry
• Others

Hoist Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hoist Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hoist companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hoist companies profiled in this report include-

• Columbus McKinnon
• Demag Cranes & Components
• Donati Sollevamenti
• TWG
• Hitachi Industrial Equipment Systems
• Ingersoll Rand
• Kito
• Konecranes
• Liftket Hoffmann
• Verlinde

Hoist Market Insights

Lucintel forecasts that indirect will remain the larger segment over the forecast period due to rising demand for after-market services.

Within this market, construction will remain the largest segment due to growing demand for infrastructure development.

APAC will remain the largest region over the forecast period due to large and growing manufacturing sector.

Features of the Global Hoist Market

Market Size Estimates: Hoist market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hoist market size by distribution channel, application, end use, and region in terms of value ($B).

Regional Analysis: Hoist market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different distribution channel, application, end use, and regions for the hoist market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hoist market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for hoist market?

Answer: The global hoist market is expected to grow with a CAGR of 5.5% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the hoist market?

Answer: The major drivers for this market are rise in global population and surge in demand for industrial and commercial.

Q3. What are the major segments for hoist market?

Answer: The future of the hoist market looks promising with opportunities in the automotive & railway, aerospace & defense, transportation & logistics, construction, shipping & marine, material handling, and agriculture & forestry markets.

Q4. Who are the key hoist market companies?

Answer: Some of the key hoist companies are as follows:

• Columbus McKinnon
• Demag Cranes & Components
• Donati Sollevamenti
• TWG
• Hitachi Industrial Equipment Systems
• Ingersoll Rand
• Kito
• Konecranes
• Liftket Hoffmann
• Verlinde

Q5. Which hoist market segment will be the largest in future?

Answer: Lucintel forecasts that indirect will remain the larger segment over the forecast period due to rising demand for after-market services.

Q6. In hoist market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to large and growing manufacturing sector.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the hoist market by distribution channel (direct and indirect), application (commercial recovery, crane, workboat, utility, and others), end use (automotive & railway, aerospace & defense, transportation & logistics, construction, shipping & marine, material handling, agriculture & forestry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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