Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Industrial Hoists Market by Type (Manual Hoists, Electric Hoists, Air Hoists), By Application (Automotive, Warehouse, Mining & Excavation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Industrial Hoists Market by Type (Manual Hoists, Electric Hoists, Air Hoists), By Application (Automotive, Warehouse, Mining & Excavation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135780 3300 Machinery & Equipment 377 233 Pages 4.9 (43)

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.

Global Industrial Hoists Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Columbus McKinnon
  2. Kito
  3. Terex
  4. Konecranes
  5. Ingersoll Rand
  8. Hitachi
  10. J.D. Neuhaus
  11. TOYO
  12. ABUS
  13. Imer International
  15. DAESAN
  17. Endo Kogyo
  18. Beijing Lieying
  19. Shanghai Yiying

Global Industrial Hoists Market Overview

Highlights of The Industrial Hoists Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Manual Hoists
    2. Electric Hoists
    3. Air Hoists
  1. By Application:

    1. Automotive
    2. Warehouse
    3. Mining & Excavation
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Industrial Hoists Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Kito Overview Financials Developments Strategic Outlook
      14.4.3. Terex Overview Financials Developments Strategic Outlook
      14.4.4. Konecranes Overview Financials Developments Strategic Outlook
      14.4.5. Ingersoll Rand Overview Financials Developments Strategic Outlook
      14.4.6. TRACTEL Overview Financials Developments Strategic Outlook
      14.4.7. PLANETA Overview Financials Developments Strategic Outlook
      14.4.8. Hitachi Overview Financials Developments Strategic Outlook
      14.4.9. KAWASAKI Overview Financials Developments Strategic Outlook
      14.4.10. J.D. Neuhaus Overview Financials Developments Strategic Outlook
      14.4.11. TOYO Overview Financials Developments Strategic Outlook
      14.4.12. ABUS Overview Financials Developments Strategic Outlook
      14.4.13. Imer International Overview Financials Developments Strategic Outlook
      14.4.14. VERLINDE Overview Financials Developments Strategic Outlook
      14.4.15. DAESAN Overview Financials Developments Strategic Outlook
      14.4.16. ABLE FORGE Overview Financials Developments Strategic Outlook
      14.4.17. Endo Kogyo Overview Financials Developments Strategic Outlook
      14.4.18. Beijing Lieying Overview Financials Developments Strategic Outlook
      14.4.19. Shanghai Yiying Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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