Market Overview:
The global electric wire rope hoist market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric wire rope hoists in various industrial applications, such as construction, oil & gas, mining and others. Additionally, the rising awareness about safety measures and regulations is also propelling the growth of this market.
Product Definition:
An electric wire rope hoist is a device used to lift or lower heavy objects by suspending them from a metal cable. The cable is powered by an electric motor, which winds and unwinds the cable as needed to raise or lower the object. Electric wire rope hoists are commonly used in factories, construction sites, and other industrial settings where large amounts of weight need to be moved quickly and safely.
Light Capacity:
Light capacity is the maximum weight a lifting device can carry without exceeding its safe working load.
Standard Capacity:
The standard capacity of an electric wire rope hoist is defined as the maximum weight that can be lifted using the equipment. The weight is determined with a safety factor considering factors such as strength and material used in construction of the equipment.
The materials considered while determining standard capacity are type of metal, coatings, insulation, etc., which determine strength and durability aspects for long term use.
Application Insights:
The construction application segment led the global electric wire rope hoist market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization, which has resulted in an increased demand for construction materials including steel and concrete across the globe.
Construction applications include bridge erection, tower crane installation & repair, renovation of old buildings or structures etc. Rising infrastructure spending by governments as well as private companies is expected to drive product demand globally over the coming years.
The industrial manufacturing segment accounted for a significant share in 2017 owing to growing investments from companies such as Siemens AG & Co., Ltd., ABB Ltd., Schneider Electric SE among others for expanding their manufacturing facilities throughout Asia Pacific and Latin America regions.
Regional Analysis:
North America dominated the global electric wire rope hoist market in 2017. The region is expected to witness a considerable growth rate of 5.4% over the forecast period, owing to increasing construction spending and oil & gas industry development in Mexico and Canada.
Asia Pacific is expected to be one of the fastest growing regions with a CAGR exceeding 6% during the same period owing to rapid industrialization coupled with expanding infrastructure sector in India and China.
Growth Factors:
- Increasing demand from the construction and manufacturing industries for electric wire rope hoists as a result of growth in these sectors.
- Rising investment in infrastructure development projects, which is expected to lead to an increase in demand for electric wire rope hoists over the forecast period.
- Growing awareness about the benefits of using electric wire rope hoists among end-users, which is likely to boost market growth during the forecast period.
- Technological advancements in electric wire rope hoist products that are helping manufacturers offer better performance and efficiency, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Wire Rope Hoist Market Research Report
By Type
Light Capacity, Standard Capacity, Heavy Capacity
By Application
Industrial Manufacturing, Construction, Oil & Gas, Mining, Others
By Companies
Columbus McKinnon, KITO, KonecraneS, Hitachi Industrial, Stahl, ABUS crane systems, Ingersoll Rand, TBM, Zhejiang Guanlin, Zhejiang Wuyi, Columbus McKinnon, Verlinde
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Electric Wire Rope Hoist Market Report Segments:
The global Electric Wire Rope Hoist market is segmented on the basis of:
Types
Light Capacity, Standard Capacity, Heavy Capacity
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
Industrial Manufacturing, Construction, Oil & Gas, Mining, 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:
- Columbus McKinnon
- KITO
- KonecraneS
- Hitachi Industrial
- Stahl
- ABUS crane systems
- Ingersoll Rand
- TBM
- Zhejiang Guanlin
- Zhejiang Wuyi
- Columbus McKinnon
- Verlinde
Highlights of The Electric Wire Rope 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:
- Light Capacity
- Standard Capacity
- Heavy Capacity
- By Application:
- Industrial Manufacturing
- Construction
- Oil & Gas
- Mining
- 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 Wire Rope 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 Wire Rope Hoist is a machine that uses electric wires to hoist objects.
Some of the major players in the electric wire rope hoist market are Columbus McKinnon, KITO, KonecraneS, Hitachi Industrial, Stahl, ABUS crane systems, Ingersoll Rand, TBM, Zhejiang Guanlin, Zhejiang Wuyi, Columbus McKinnon, Verlinde.
The electric wire rope 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 Wire Rope 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 Wire Rope Hoist Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Wire Rope 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 Wire Rope 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 Wire Rope Hoist Market Size & Forecast, 2020-2028
4.5.1 Electric Wire Rope Hoist Market Size and Y-o-Y Growth
4.5.2 Electric Wire Rope Hoist Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Light Capacity
5.2.2 Standard Capacity
5.2.3 Heavy Capacity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial Manufacturing
6.2.2 Construction
6.2.3 Oil & Gas
6.2.4 Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Wire Rope 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 Wire Rope 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Light Capacity
9.6.2 Standard Capacity
9.6.3 Heavy Capacity
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 Market Size Forecast by Applications
9.10.1 Industrial Manufacturing
9.10.2 Construction
9.10.3 Oil & Gas
9.10.4 Mining
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Light Capacity
10.6.2 Standard Capacity
10.6.3 Heavy Capacity
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 Market Size Forecast by Applications
10.10.1 Industrial Manufacturing
10.10.2 Construction
10.10.3 Oil & Gas
10.10.4 Mining
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Light Capacity
11.6.2 Standard Capacity
11.6.3 Heavy Capacity
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 Market Size Forecast by Applications
11.10.1 Industrial Manufacturing
11.10.2 Construction
11.10.3 Oil & Gas
11.10.4 Mining
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Light Capacity
12.6.2 Standard Capacity
12.6.3 Heavy Capacity
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 Market Size Forecast by Applications
12.10.1 Industrial Manufacturing
12.10.2 Construction
12.10.3 Oil & Gas
12.10.4 Mining
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Light Capacity
13.6.2 Standard Capacity
13.6.3 Heavy Capacity
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) Market Size Forecast by Applications
13.10.1 Industrial Manufacturing
13.10.2 Construction
13.10.3 Oil & Gas
13.10.4 Mining
13.10.5 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 Wire Rope Hoist Market: Competitive Dashboard
14.2 Global Electric Wire Rope Hoist Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Columbus McKinnon
14.3.2 KITO
14.3.3 KonecraneS
14.3.4 Hitachi Industrial
14.3.5 Stahl
14.3.6 ABUS crane systems
14.3.7 Ingersoll Rand
14.3.8 TBM
14.3.9 Zhejiang Guanlin
14.3.10 Zhejiang Wuyi
14.3.11 Columbus McKinnon
14.3.12 Verlinde
