Market Overview:
The global electric and air hoist market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric and air hoist market can be attributed to the increasing demand for electric and air hoists in construction sites, shipyards, warehouses, and other applications. Additionally, the growing industrialization across different regions is also propelling the growth of the electric and air hoist market.
Product Definition:
Electric and air hoists are devices used to lift heavy objects. They are important because they make it possible to move large objects without having to use a lot of manpower.
Chain:
Chain is a device used in electric hoist and air hoist for lifting or lowering the weight of load. It is an essential component of these equipment and without it, they would not be able to function. Chain can be categorized into two types as cast iron chain and steel chain. The type of chain being used depends on the weight capacity of the machine along with other factors such as material strength, length, linksize ratio among others.
Wire Rope:
Wire rope and it's usage in electric and air hoist market is a new term which came into existence only after the industrial revolution. The wire rope or chain is made of metal wires that are coiled together to form a flexible length of material. These ropes are used as lifting devices for heavy loads because they can withstand high tension without breaking unlike other materials such as rubber, wood, or concrete cables.
Application Insights:
The warehouse and storage application segment dominated the global electric and air hoist market in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing industrialization, particularly in developing countries such as China, India, Brazil etc. Furthermore, stringent government regulations regarding food safety coupled with rising awareness about product usage are expected to drive demand for warehouse automation solutions including electric air hoists during the estimated period.
The construction sites application segment accounted for a share of 22% of the total revenue in 2017 due to extensive use at construction sites across various industries such as building & construction (C&D), mining & minerals etc. In addition, growing urbanization along with an increase in residential/commercial constructions activities across various regions is anticipated to boost industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing construction activities and stringent government regulations regarding workplace safety, which has led to an increase in adoption of electric and air hoists. In addition, presence of major players such as Cummins Inc.; Deere & Company; and Emerson Electric Co.; Johnson Controls; General Electric; Westinghouse Air Brake Products LLC; among others is also contributing towards regional growth.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing construction and infrastructure development activities
- Rising popularity of electric and air hoists in material handling applications
- Technological advancements in electric and air hoist products
- Growing demand for energy-efficient and environment-friendly lifting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric and Air Hoist Market Research Report
By Type
Chain, Wire Rope
By Application
Construction Sites, Shipyards, Warehouse, Others
By Companies
Kito, Terex, Hitachi Industrial, Columbus McKinnon, Konecranes, Street Crane, Ingersoll Rand, ABUS, Imer International, TOYO, Kito, DAESAN, VERLINDE, LIFTKET, Jiangsu Jiali
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Electric and Air Hoist Market Report Segments:
The global Electric and Air Hoist market is segmented on the basis of:
Types
Chain, Wire Rope
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Sites, Shipyards, Warehouse, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kito
- Terex
- Hitachi Industrial
- Columbus McKinnon
- Konecranes
- Street Crane
- Ingersoll Rand
- ABUS
- Imer International
- TOYO
- Kito
- DAESAN
- VERLINDE
- LIFTKET
- Jiangsu Jiali
Highlights of The Electric and Air Hoist Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chain
- Wire Rope
- By Application:
- Construction Sites
- Shipyards
- Warehouse
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric and Air Hoist Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric and air hoist are machines that use electricity to lift objects.
Some of the major players in the electric and air hoist market are Kito, Terex, Hitachi Industrial, Columbus McKinnon, Konecranes, Street Crane, Ingersoll Rand, ABUS, Imer International, TOYO, Kito, DAESAN, VERLINDE, LIFTKET, Jiangsu Jiali.
The electric and air hoist market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric and Air Hoist Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric and Air Hoist Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric and Air Hoist Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric and Air Hoist Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric and Air Hoist Market Size & Forecast, 2018-2028
4.5.1 Electric and Air Hoist Market Size and Y-o-Y Growth
4.5.2 Electric and Air Hoist Market Absolute $ Opportunity
Chapter 5 Global Electric and Air Hoist Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric and Air Hoist Market Size Forecast by Type
5.2.1 Chain
5.2.2 Wire Rope
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric and Air Hoist Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric and Air Hoist Market Size Forecast by Applications
6.2.1 Construction Sites
6.2.2 Shipyards
6.2.3 Warehouse
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric and Air Hoist Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric and Air Hoist Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric and Air Hoist Analysis and Forecast
9.1 Introduction
9.2 North America Electric and Air Hoist Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric and Air Hoist Market Size Forecast by Type
9.6.1 Chain
9.6.2 Wire Rope
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric and Air Hoist Market Size Forecast by Applications
9.10.1 Construction Sites
9.10.2 Shipyards
9.10.3 Warehouse
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric and Air Hoist Analysis and Forecast
10.1 Introduction
10.2 Europe Electric and Air Hoist Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric and Air Hoist Market Size Forecast by Type
10.6.1 Chain
10.6.2 Wire Rope
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric and Air Hoist Market Size Forecast by Applications
10.10.1 Construction Sites
10.10.2 Shipyards
10.10.3 Warehouse
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric and Air Hoist Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric and Air Hoist Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric and Air Hoist Market Size Forecast by Type
11.6.1 Chain
11.6.2 Wire Rope
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric and Air Hoist Market Size Forecast by Applications
11.10.1 Construction Sites
11.10.2 Shipyards
11.10.3 Warehouse
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric and Air Hoist Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric and Air Hoist Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric and Air Hoist Market Size Forecast by Type
12.6.1 Chain
12.6.2 Wire Rope
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric and Air Hoist Market Size Forecast by Applications
12.10.1 Construction Sites
12.10.2 Shipyards
12.10.3 Warehouse
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric and Air Hoist Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric and Air Hoist Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric and Air Hoist Market Size Forecast by Type
13.6.1 Chain
13.6.2 Wire Rope
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric and Air Hoist Market Size Forecast by Applications
13.10.1 Construction Sites
13.10.2 Shipyards
13.10.3 Warehouse
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric and Air Hoist Market: Competitive Dashboard
14.2 Global Electric and Air Hoist Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kito
14.3.2 Terex
14.3.3 Hitachi Industrial
14.3.4 Columbus McKinnon
14.3.5 Konecranes
14.3.6 Street Crane
14.3.7 Ingersoll Rand
14.3.8 ABUS
14.3.9 Imer International
14.3.10 TOYO
14.3.11 Kito
14.3.12 DAESAN
14.3.13 VERLINDE
14.3.14 LIFTKET
14.3.15 Jiangsu Jiali
