Market Overview:
The global industrial hoists market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric and air hoists across various industries, such as automotive, warehouse, mining & excavation, and others. Additionally, factors such as technological advancements and rising labor costs are also contributing to the growth of this market.
Product Definition:
An industrial hoist is a device used to raise and lower heavy loads by suspending them from a beam or track. Industrial hoists are typically powered by electric motors, and are used in a wide variety of applications, including manufacturing, construction, and transportation. The importance of industrial hoists cannot be overstated; they play a critical role in many industries by helping to move large loads safely and efficiently.
Manual Hoists:
Manual hoists are used to lift materials from one location to another using mechanical advantage. The material is lifted with the help of a chain or cable and pulley system. There are two types of manual hoist systems, namely static and dynamic. In a static system, the weight of material is supported entirely by the strength of chains or cables; whereas in a dynamic system, some weight is also supported by engine power (if any).
Electric Hoists:
Electric hoists are lifting devices that use electric energy for the purpose of raising material from one location to another. They are widely used in industries such as construction, automotive, and manufacturing. The main function of an electric hoist is to provide a powered means of lifting heavy loads over the head or across floors. Hoists can be powered by electricity generated through diesel engines, hydraulic motors or by solar power; they can also be battery operated which is known as passive type.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The industry has witnessed a paradigm shift due to automation in automobile production, which has resulted in significant growth of this segment. Industrial hoists are widely used for moving vehicles from assembly line to storage areas or garages on account of their compact size and ease of installation.
Automotive applications include trucks, buses, coaches, armored vehicles as well as motorbikes. These vehicles have very limited space; thus need efficient utilization resulting into increased demand for industrial hoists across this sector globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrial activities, which has led to an increased demand for efficient equipment. This can be attributed to a rise in manufacturing activities across various industries, such as automotive and electronics, warehousing and logistics among others.
The Asia Pacific regional market is also home to some of the major manufacturers of manual hoists including Clifton Hoist & Derrick Co., Ltd., Shanghai Jiajiale Machinery Co., Ltd., SANY Group (China) Limited, etc.; while other prominent players are from Europe or North America regions. Thus, it will be difficult for competitors located outside Asia Pacific region to match up with these companies due to their strong distribution network within their respective countries/regions as well as across international borders through online portals like Alibaba & Aliexpress among others.
Growth Factors:
- Increasing demand for industrial hoists from the construction and manufacturing sectors due to the growth of these industries.
- Rising demand for electric industrial hoists from end-use industries owing to their energy efficiency and low maintenance requirements.
- Growing popularity of wire rope electric industrial hoists in applications such as material handling, lifting, and rigging owing to their high load capacity and durability.
- Technological advancements in the design of electric industrial hoists that are helping manufacturers offer a wider range of products with enhanced features and functionality.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Hoists Market Research Report
By Type
Manual Hoists, Electric Hoists, Air Hoists
By Application
Automotive, Warehouse, Mining & Excavation, Others
By Companies
Columbus McKinnon, Kito, Terex, Konecranes, Ingersoll Rand, TRACTEL, PLANETA, Hitachi, KAWASAKI, J.D. Neuhaus, TOYO, ABUS, Imer International, VERLINDE, DAESAN, ABLE FORGE, Endo Kogyo, Beijing Lieying, Shanghai Yiying
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Hoists Market Report Segments:
The global Industrial Hoists market is segmented on the basis of:
Types
Manual Hoists, Electric Hoists, Air Hoists
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
Automotive, Warehouse, Mining & Excavation, 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
- Terex
- Konecranes
- Ingersoll Rand
- TRACTEL
- PLANETA
- Hitachi
- KAWASAKI
- J.D. Neuhaus
- TOYO
- ABUS
- Imer International
- VERLINDE
- DAESAN
- ABLE FORGE
- Endo Kogyo
- Beijing Lieying
- Shanghai Yiying
Highlights of The Industrial Hoists 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:
- Manual Hoists
- Electric Hoists
- Air Hoists
- By Application:
- Automotive
- Warehouse
- Mining & Excavation
- 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 Industrial Hoists 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.
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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?
Industrial Hoists are a type of lifting equipment used in factories, warehouses, and other industrial settings. They are typically used to move large objects or materials between different levels in a facility.
Some of the key players operating in the industrial hoists market are Columbus McKinnon, Kito, Terex, Konecranes, Ingersoll Rand, TRACTEL, PLANETA, Hitachi, KAWASAKI, J.D. Neuhaus, TOYO, ABUS, Imer International, VERLINDE, DAESAN, ABLE FORGE, Endo Kogyo, Beijing Lieying, Shanghai Yiying.
The industrial hoists market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Hoists Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Hoists Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Hoists Market - Supply Chain
4.5. Global Industrial Hoists Market Forecast
4.5.1. Industrial Hoists Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Hoists Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Hoists Market Absolute $ Opportunity
5. Global Industrial Hoists Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Hoists Market Size and Volume Forecast by Type
5.3.1. Manual Hoists
5.3.2. Electric Hoists
5.3.3. Air Hoists
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Hoists Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Hoists Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Warehouse
6.3.3. Mining & Excavation
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Hoists Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Hoists Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Hoists Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Hoists Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Hoists Demand Share Forecast, 2019-2029
9. North America Industrial Hoists Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Hoists Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Hoists Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Warehouse
9.4.3. Mining & Excavation
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Hoists Market Size and Volume Forecast by Type
9.7.1. Manual Hoists
9.7.2. Electric Hoists
9.7.3. Air Hoists
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Hoists Demand Share Forecast, 2019-2029
10. Latin America Industrial Hoists Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Hoists Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Hoists Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Warehouse
10.4.3. Mining & Excavation
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Hoists Market Size and Volume Forecast by Type
10.7.1. Manual Hoists
10.7.2. Electric Hoists
10.7.3. Air Hoists
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Hoists Demand Share Forecast, 2019-2029
11. Europe Industrial Hoists Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Hoists Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Hoists Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Warehouse
11.4.3. Mining & Excavation
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Hoists Market Size and Volume Forecast by Type
11.7.1. Manual Hoists
11.7.2. Electric Hoists
11.7.3. Air Hoists
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y rowth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Hoists Demand Share, 2019-2029
12. Asia Pacific Industrial Hoists Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Hoists Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Hoists Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Warehouse
12.4.3. Mining & Excavation
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Hoists Market Size and Volume Forecast by Type
12.7.1. Manual Hoists
12.7.2. Electric Hoists
12.7.3. Air Hoists
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Hoists Demand Share, 2019-2029
13. Middle East & Africa Industrial Hoists Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Hoists Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Hoists Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Warehouse
13.4.3. Mining & Excavation
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Hoists Market Size and Volume Forecast by Type
13.7.1. Manual Hoists
13.7.2. Electric Hoists
13.7.3. Air Hoists
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Hoists Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Hoists Market: Market Share Analysis
14.2. Industrial Hoists Distributors and Customers
14.3. Industrial Hoists Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Columbus McKinnon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kito
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Terex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Konecranes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ingersoll Rand
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TRACTEL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PLANETA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KAWASAKI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. J.D. Neuhaus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TOYO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ABUS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Imer International
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. VERLINDE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. DAESAN
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ABLE FORGE
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Endo Kogyo
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Beijing Lieying
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shanghai Yiying
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
