Global Electric Hoist Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Hoist Type;
Wire Rope Hoists, Chain Hoists, Pneumatic Hoists, Electric Cranes, and Winches.By Lifting Height;
Up to 10 Meters, 10 to 20 Meters, 20 to 30 Meters, and Above 30 Meters.By Control Type;
Remote Control, Wired Control, and Manual Control.By Load Bearing Capacity;
Chain - 0.25 - 5.0 tons, 5.1 - 10.0 tons, 10.1 - 15.0 tons, 15.1 - 20.0 tons and 20.1 - 32.0 tons, and Wire - 0.5 - 10.0 tons, 10.1 - 15.0 tons and 15.1 - 20.0 tons.By End-User;
Aerospace, Automotive & Transportation, Construction, Energy, Marine, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Electric Hoist Market (USD Million), 2021 - 2031
In the year 2024, the Global Electric Hoist Market was valued at USD 3,018.54 million. The size of this market is expected to increase to USD 4,975.39 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.4%.
The global electric hoist market has seen significant growth over the past few years, driven by advancements in automation, the construction industry's increasing reliance on lifting equipment, and the demand for efficient material handling solutions. Electric hoists are critical lifting devices used across industries such as construction, manufacturing, logistics, and infrastructure. These devices are designed to lift and move heavy loads with precision, ease, and minimal manual labor. Their ability to improve operational efficiency, reduce human error, and enhance workplace safety has made them indispensable in modern industrial operations.
Electric hoists operate by converting electrical energy into mechanical energy, using a motor to drive a lifting mechanism. This technology offers numerous advantages over manual and hydraulic lifting systems, such as higher load capacities, better control, and enhanced durability. With the rise of industrial automation, businesses are increasingly integrating electric hoists with intelligent systems, further improving productivity and precision in lifting tasks. Additionally, electric hoists are available in various configurations, such as wire rope hoists, chain hoists, and trolley hoists, catering to diverse industrial needs.
The growth of the global electric hoist market is also supported by the rapid urbanization and industrialization of emerging economies. The construction sector, in particular, is a significant contributor to the demand for electric hoists, as the industry requires reliable equipment to handle heavy materials and machinery during the construction of buildings, roads, and infrastructure projects. The demand for electric hoists is also boosted by the growing need for efficient material handling in warehouses, factories, and distribution centers, where these hoists facilitate the movement of goods and products in a safe and efficient manner.
Looking ahead, the electric hoist market is expected to continue expanding, with key drivers including technological innovations, the push for energy-efficient solutions, and the increasing need for safety-compliant equipment. The rise in green building initiatives and the push for reducing carbon footprints have led to the development of more energy-efficient electric hoists, which are expected to gain popularity in various industrial applications. The market is also benefiting from a surge in demand for electric hoists with enhanced features such as wireless controls, remote monitoring, and intelligent load management systems, providing users with more convenience, control, and real-time insights.
Global Electric Hoist Market Recent Developments
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In August 2021, Konecranes announced the departure of CEO Rob Smith, with interim leadership provided by CFO Teo Ottola until the merger with Cargotec was canceled in March 2022.
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In August 2021, it was announced that Mika Vehviläinen, CEO of Cargotec, would lead the merged company resulting from the proposed merger with Konecranes, which was ultimately canceled in March 2022.
Segment Analysis
The global electric hoist market is segmented by hoist type into wire rope hoists, chain hoists, pneumatic hoists, electric cranes, and winches. Among these, wire rope hoists dominate the market due to their high lifting capacities, efficiency, and durability. They are widely used in industries that require heavy lifting and precise control, such as manufacturing and construction. Chain hoists are favored in environments where space constraints exist or lighter loads need to be handled. Pneumatic hoists are gaining popularity in industries with hazardous environments due to their explosion-proof features. Electric cranes and winches are crucial for applications in construction and material handling due to their versatility and robust design.
In terms of lifting height, the market is divided into segments such as up to 10 meters, 10 to 20 meters, 20 to 30 meters, and above 30 meters. Hoists with lifting heights up to 10 meters are commonly used in small-scale operations and light industrial settings. The 10 to 20-meter range is preferred in sectors like construction and manufacturing, where moderate lifting heights are required. Hoists capable of lifting over 20 meters are primarily utilized in large-scale industries, including aerospace, energy, and marine sectors, where long vertical lifts are necessary for large, heavy equipment.
Control types for electric hoists include remote control, wired control, and manual control. Remote control hoists are gaining traction due to their convenience and safety, allowing operators to control the hoist from a distance, which is particularly beneficial in hazardous or difficult-to-reach environments. Wired control hoists remain popular in industries where precise control is necessary for heavy loads, while manual control hoists are typically used in low-capacity applications where automation is not required.
The load-bearing capacity of electric hoists is another key segmentation, including chain hoists with capacities ranging from 0.25 to 32 tons and wire hoists from 0.5 to 20 tons. Chain hoists are more suitable for lighter lifting tasks, particularly in the 0.25 to 5.0 tons range, and are popular in automotive and small construction applications. Higher capacity chain hoists, ranging from 5.1 to 32 tons, are employed in heavy-duty tasks such as in the energy and marine industries. Wire hoists, on the other hand, cater to heavier lifting requirements, with the 0.5 to 10 tons and 10.1 to 15 tons capacities used in sectors like construction and aerospace.
Electric hoists are extensively used across various industries, with key end-users including aerospace, automotive and transportation, construction, energy, marine, and others. In the aerospace industry, hoists are employed for lifting aircraft components and heavy machinery. The automotive and transportation sectors use hoists for material handling and assembly line processes. The construction industry relies heavily on hoists for lifting heavy building materials and equipment. In energy and marine industries, hoists are essential for handling large machinery and equipment, particularly in offshore platforms and power plants.
Geographically, the electric hoist market is spread across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America holds a significant market share, driven by technological advancements and high demand from the construction and energy sectors. Europe is also a key market, with steady growth fueled by industrial automation and the need for efficient lifting solutions. The Asia Pacific region is expected to witness the highest growth due to rapid industrialization, construction activities, and the expanding manufacturing sector. The Middle East and Africa and Latin America are emerging markets, with increasing investments in infrastructure development, energy, and marine sectors driving demand for electric hoists.
Global Electric Hoist Segment Analysis
In this report, the Global Electric Hoist Market has been segmented by Hoist Type, Lifting Height, Control Type, Load Bearing Capacity, End-User and Geography.
Global Electric Hoist Market, Segmentation by Hoist Type
The Global Electric Hoist Market has been segmented by Hoist Type into Wire Rope Hoists, Chain Hoists, Pneumatic Hoists, Electric Cranes, and Winches.
The global electric hoist market is categorized by hoist types, each offering unique features and advantages for various industrial applications. Wire rope hoists, which are widely used in construction, manufacturing, and heavy-duty lifting, dominate a significant portion of the market. Their strength and versatility make them suitable for lifting heavy loads over long distances, providing a reliable solution for industries where heavy materials need to be moved efficiently. Additionally, wire rope hoists are designed to operate under challenging conditions, offering high durability and performance.
Chain hoists, another popular segment, are often favored for lighter lifting tasks and compact applications. These hoists are ideal for lifting moderate loads in smaller spaces, making them a preferred choice in warehouses, workshops, and small manufacturing units. Chain hoists are available in both manual and electric versions, with the electric variant gaining traction due to its ease of use, reduced labor costs, and enhanced safety features. The cost-effectiveness of chain hoists combined with their high reliability ensures they maintain strong demand across various industries.
Pneumatic hoists have found their place in industries where electrical components may be unsafe or unsuitable, such as in environments with explosive atmospheres or where cleanliness is paramount. They are powered by compressed air, offering a safe and efficient lifting solution, particularly in the automotive, chemical, and food industries. Pneumatic hoists are valued for their minimal maintenance requirements and long service life, making them a popular choice for companies seeking a safer alternative in hazardous work environments.
Electric cranes and winches also play an important role in the electric hoist market, particularly in large-scale construction, mining, and maritime industries. Electric cranes are designed to handle heavy, cumbersome loads, often integrated into complex systems for lifting and moving goods in manufacturing plants and ports. Similarly, winches are used for pulling, lifting, and lowering heavy loads, making them essential in industries such as oil and gas, construction, and marine operations. As industries continue to evolve, the demand for electric hoists across these segments is expected to grow, driven by the increasing need for efficient, high-capacity lifting equipment.
Global Electric Hoist Market, Segmentation by Lifting Height
The Global Electric Hoist Market has been segmented by Lifting Height into Up to 10 Meters, 10 to 20 Meters, 20 to 30 Meters, and Above 30 Meters.
The Global Electric Hoist Market is segmented based on lifting height, which plays a crucial role in determining the capacity and application of electric hoists in various industries. The segment "Up to 10 Meters" is one of the most common categories, as hoists with a lifting height in this range are widely used in industries that require moderate lifting capabilities. These hoists are ideal for applications in warehouses, construction sites, and small manufacturing plants, where lifting heights of less than 10 meters are sufficient for most operations.
The "10 to 20 Meters" segment is gaining significant traction, particularly in industries such as construction and logistics, where moderate to high lifting capabilities are essential. Hoists in this range are often used in large-scale construction projects, material handling in large warehouses, and heavy-duty manufacturing processes. They are also favored in applications that require greater precision and efficiency in lifting heavier loads over medium heights, providing a balance between power and control.
Hoists falling within the "20 to 30 Meters" segment are typically used in more demanding industrial sectors, such as shipbuilding, mining, and large-scale infrastructure projects. These hoists are designed for heavy-duty applications that involve lifting substantial weights over taller structures. Their enhanced lifting height capacity makes them suitable for operations that require the handling of larger equipment or materials over greater distances, making them indispensable in sectors with specialized needs and high operational demands.
The "Above 30 Meters" segment includes the most robust electric hoists, used for large-scale industrial projects and infrastructure developments. These hoists are typically found in industries such as oil and gas, steel, and large construction sites, where the ability to lift heavy loads to significant heights is necessary. Hoists in this category are designed for extreme durability and precision, handling complex lifting tasks in demanding environments. The increased lifting capacity ensures that these hoists can support highly specialized applications, contributing to the expansion of heavy industries worldwide.
Global Electric Hoist Market, Segmentation by Control Type
The Global Electric Hoist Market has been segmented by Control Type into Remote Control, Wired Control, and Manual Control.
The Global Electric Hoist Market has seen significant advancements in the types of control mechanisms used to operate these systems. One of the primary control types is remote control, which provides operators with the ability to manage hoists from a distance, offering flexibility and enhancing safety. Remote-controlled electric hoists are increasingly favored in industries where the operator needs to maintain a safe distance from hazardous environments, such as construction, manufacturing, and mining. These hoists typically come with wireless features, allowing for easy operation and monitoring of heavy loads.
Wired control electric hoists, on the other hand, are traditionally used for more precise control in environments where remote control may not be as effective or required. These hoists feature a wired pendant or control system that allows the operator to manage the hoist's movements while staying close to the load. Wired control systems are often preferred for their reliability and cost-effectiveness, especially in environments where the hoist is used intermittently, and complex functions are not necessary. They are commonly used in warehouses and factories where operators are working in close proximity to the equipment.
Manual control electric hoists are typically found in more niche applications where minimal automation is needed, and the operator is required to manually manage the hoist. These hoists are cost-effective and straightforward, making them suitable for smaller-scale operations or environments where electric power is unavailable or unreliable. Manual hoists often feature hand chains or cranks that operators can use to lift or lower loads. Despite the rise in automated solutions, manual hoists still remain widely used in various industries, including construction, automotive repair, and maintenance services.
Each of these control types offers distinct advantages depending on the operational needs of the industry and the specific requirements of the hoist system. The choice between remote, wired, or manual control largely depends on factors such as load capacity, environment, safety considerations, and budget constraints. As industries evolve and automation becomes more prevalent, the demand for remote-controlled hoists is likely to increase, while wired and manual options may continue to serve specific, more controlled environments.
Global Electric Hoist Market, Segmentation by Load Bearing Capacity
The Global Electric Hoist Market has been segmented by Load Bearing Capacity into Chain - 0.25 - 5.0 tons, 5.1 - 10.0 tons, 10.1 - 15.0 tons, 15.1 - 20.0 tons and 20.1 - 32.0 tons, Wire - 0.5 - 10.0 tons, 10.1 - 15.0 tons and 15.1 - 20.0 tons.
The global electric hoist market is primarily segmented based on load-bearing capacity, which plays a crucial role in determining the suitability and efficiency of hoists for various applications. Chain hoists with a load capacity ranging from 0.25 to 5.0 tons dominate a significant portion of the market. These hoists are widely used in light-duty operations, particularly in industries such as construction, manufacturing, and warehouses, where the lifting of relatively smaller loads is required. Their compact size, ease of installation, and cost-effectiveness make them an attractive choice for small-scale lifting tasks.
As the load capacity increases, so does the market demand for chain hoists with capacities between 5.1 and 10.0 tons. These hoists are typically used for medium-duty lifting in industries that require a higher load threshold, such as automotive manufacturing, mining, and material handling. The robust design and ability to handle heavier weights make this category essential for applications where efficiency and safety are paramount. Additionally, chain hoists in the 10.1 to 15.0-ton range are gaining traction in more industrial settings that require continuous and reliable operation for heavy-duty tasks.
Wire hoists are also a prominent segment in the global electric hoist market, offering different load-bearing capacities for specific applications. Wire hoists with capacities ranging from 0.5 to 10.0 tons are commonly used in industries requiring precise control and greater lifting heights, such as in construction, shipbuilding, and overhead crane systems. The lightweight nature of wire hoists allows for efficient lifting of medium-sized loads, making them versatile for both indoor and outdoor operations. Their long-lasting performance and durability under extreme conditions further contribute to their widespread use in industrial sectors.
Hoists with a load capacity of 15.1 to 20.0 tons are particularly valuable in heavy-duty industrial environments. These hoists are often deployed in sectors such as steel manufacturing, oil and gas, and infrastructure projects, where substantial lifting power is required. With the continued expansion of global industrial projects and heavy equipment construction, demand for high-capacity hoists, both chain and wire-based, is expected to grow. The increasing need for automation, safety features, and efficient material handling systems will further drive the market for high-load-bearing electric hoists in the coming years.
Global Electric Hoist Market, Segmentation by End-User
The Global Electric Hoist Market has been segmented by End-User into Aerospace, Automotive & transportation, Construction, Energy, Marine and Others.
The Global Electric Hoist Market is diverse and caters to various industries that require lifting and material handling solutions. In the aerospace sector, electric hoists are essential for lifting heavy equipment, parts, and materials during aircraft manufacturing, maintenance, and repair operations. These hoists are particularly valued for their precision and safety features, ensuring that operations in this highly regulated industry are efficient and secure. The growing demand for electric hoists in aerospace is driven by increasing aircraft production and the need for advanced lifting technology in maintenance processes.
In the automotive and transportation sectors, electric hoists are employed in the manufacturing and assembly of vehicles. They facilitate the lifting of heavy components such as engines, chassis, and vehicle parts during assembly, ensuring streamlined workflows in automotive plants. Additionally, electric hoists play a critical role in vehicle repairs and servicing, enabling mechanics to handle large vehicle components safely. The automotive industry's continued expansion, particularly in emerging markets, further boosts the demand for electric hoists in these applications.
The construction industry is another significant end-user of electric hoists, with these machines being used to lift construction materials, tools, and heavy equipment on building sites. Electric hoists help increase productivity, reduce manual labor, and ensure the safety of workers when lifting heavy loads at great heights. As the construction sector grows globally, particularly in developing regions, the need for efficient lifting solutions like electric hoists becomes even more pronounced. The versatility and reliability of electric hoists make them indispensable in both residential and commercial construction projects.
In the energy sector, electric hoists are utilized in various applications, including the installation and maintenance of energy infrastructure, such as wind turbines, power plants, and oil rigs. These hoists provide a safe and efficient means of handling heavy machinery and equipment in challenging environments, such as offshore platforms or high-altitude wind turbine sites. The growth in renewable energy projects, such as wind and solar energy, is expected to further contribute to the demand for electric hoists in the energy sector. The marine industry also relies on electric hoists for similar purposes, especially for loading and unloading goods on ships, as well as for maintenance tasks in ports and harbors.
Global Electric Hoist Market, Segmentation by Geography
In this report, the Global Electric Hoist Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Electric Hoist Market Share (%), by Geographical Region, 2024
The global electric hoist market is experiencing steady growth across various regions, driven by increased industrialization, construction activities, and advancements in material handling technologies. In North America, the market is witnessing significant growth, primarily fueled by the construction and manufacturing sectors' need for efficient lifting solutions. The U.S. and Canada have adopted modern electric hoist systems for their robustness and ability to handle heavy loads with precision, making them ideal for sectors such as automotive manufacturing, energy, and logistics.
In Europe, the electric hoist market benefits from strong demand in the automotive, construction, and maritime industries. Countries like Germany, France, and the U.K. are leading the adoption of electric hoists due to their focus on automation and safety standards in industrial applications. Additionally, the region's strict environmental regulations are prompting manufacturers to innovate hoist systems that are energy-efficient, reducing carbon footprints and operational costs. The integration of electric hoists with smart technologies is also gaining traction in Europe, further enhancing their market potential.
The Asia-Pacific region, particularly China, Japan, and India, is witnessing rapid growth in the electric hoist market due to booming construction and infrastructure projects. The increasing demand for automation in manufacturing, coupled with the growing need for lifting heavy materials in industries such as steel production and mining, has been a major driver. China remains a key player in both the production and consumption of electric hoists, while India’s infrastructure expansion is fostering new opportunities for market players.
In the Middle East and Africa, the market for electric hoists is expanding as countries like the UAE, Saudi Arabia, and South Africa invest in large-scale construction and oil & gas projects. The oil and gas industry, in particular, requires efficient lifting equipment for the installation of machinery and equipment in harsh environments. These regions are also witnessing increased demand for electric hoists that are capable of handling extreme conditions while ensuring safety and operational efficiency. As these regions continue to grow economically, the demand for modern lifting solutions is expected to rise accordingly.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Electric Hoist Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Growing Industrialization and Urbanization
- Increasing Demand for Automated Systems
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Rising Need for Efficient Material Handling- The rising need for efficient material handling is one of the primary drivers of growth in the global electric hoist market. As industries such as construction, manufacturing, and logistics continue to expand, there is an increased demand for equipment that can streamline operations and enhance productivity. Electric hoists are crucial in these sectors because they offer an efficient way to lift and move heavy materials with minimal human labor, reducing the risk of injury and improving operational speed. The growing trend towards automation and mechanization in industries has accelerated the adoption of electric hoists, contributing to the market's expansion.
Another key factor driving the need for efficient material handling is the increasing focus on workplace safety. In high-risk industries like construction and manufacturing, ensuring the safety of workers is a top priority. Electric hoists, with their advanced safety features, such as overload protection, automatic braking, and precise lifting mechanisms, help reduce the chances of accidents and improve the overall safety of the workplace. These features have made electric hoists an attractive solution for businesses looking to comply with strict safety regulations and maintain a safer working environment.
The surge in e-commerce and the demand for faster logistics has also played a significant role in boosting the need for efficient material handling systems. With the global rise in online shopping, there is a growing need for streamlined warehouse operations, faster order fulfillment, and the ability to handle bulk inventory. Electric hoists are increasingly used in warehouses and distribution centers to efficiently lift and transport goods, especially those that are heavy or bulky, allowing companies to meet consumer demands more efficiently and reduce operational downtime.
The increasing trend towards energy-efficient solutions in industrial operations is propelling the adoption of electric hoists. As businesses focus on reducing energy consumption and lowering operational costs, electric hoists, which are more energy-efficient than their manual counterparts, offer a cost-effective solution. Their ability to operate at optimal power levels and with minimal energy wastage makes them an attractive choice for industries seeking to reduce their carbon footprint and enhance sustainability efforts. As energy-efficient technologies become more important, the demand for electric hoists is expected to grow, further driving the market.
Restraints:
- High Initial Installation Costs
- Safety and Regulatory Challenges
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Maintenance and Operational Costs- In the global electric hoist market, one of the primary restraint factors is the significant maintenance and operational costs associated with these systems. Electric hoists, especially those used in industrial and heavy-duty applications, require regular servicing to ensure their proper functioning and safety. This includes routine inspections, lubrication, and the replacement of worn-out components like chains, cables, and motors. These maintenance activities add to the overall lifecycle cost of the hoist, making them more expensive for businesses, particularly small to medium-sized enterprises (SMEs), to manage and maintain over time.
The complexity of electric hoist systems can lead to higher operational costs. As hoists are employed in demanding environments such as construction sites, factories, and warehouses, they often work under intense conditions that increase wear and tear. This results in more frequent repairs and potentially higher energy consumption. The energy used to operate these machines, especially if they are running for extended periods, can also contribute to significant operational costs, particularly in regions with high energy prices.
The cost of spare parts and the specialized expertise required for maintenance further exacerbate operational expenses. Electric hoists typically use advanced technology and components that may not be readily available, leading to increased costs for replacement parts. Moreover, many businesses rely on external contractors or specialized technicians to perform complex maintenance tasks. The dependence on specialized service providers raises the overall cost of operation, especially when a hoist requires urgent repairs, disrupting the regular workflow of an organization.
Businesses must account for the downtime incurred during both maintenance and repairs, which can lead to lost productivity. For industries that rely heavily on hoists for critical operations, the interruption of services due to mechanical failure or routine maintenance can be costly. The combined effects of higher energy use, repair costs, and productivity loss due to downtime act as significant constraints on the growth and adoption of electric hoists in various sectors, limiting their overall market potential.
Opportunities:
- Expansion in Emerging Markets
- Integration of IoT and Smart Features
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Development of Eco-friendly and Energy-efficient Hoists- The development of eco-friendly and energy-efficient hoists presents a significant opportunity within the global electric hoist market. As industries and businesses worldwide continue to prioritize sustainability, the demand for environmentally conscious equipment has risen. Electric hoists, being crucial for lifting and transporting heavy loads, have a substantial environmental impact due to energy consumption. By integrating energy-efficient technologies, manufacturers can help reduce the carbon footprint of these devices, appealing to companies aiming to meet stricter environmental regulations and sustainability goals. This shift toward eco-friendly hoists not only aligns with global environmental trends but also strengthens the competitive edge of manufacturers who innovate in this space.
Energy-efficient hoists contribute to reducing operational costs for end-users, making them highly attractive in a market driven by cost-saving demands. Traditional hoists often consume large amounts of power during operation, leading to higher energy bills. By adopting energy-efficient designs, these hoists require less power to perform the same lifting tasks, which can result in long-term cost savings. Additionally, these hoists are likely to experience less wear and tear, leading to reduced maintenance costs and longer operational lifespans. For companies, this is a strong value proposition, especially when budgets are tight, and energy savings are prioritized.
The rising awareness of climate change and the push for industries to adopt greener technologies are creating a strong market incentive for eco-friendly hoists. Governments and regulatory bodies across the globe are introducing policies that mandate reductions in emissions and energy consumption. For example, incentives and subsidies are often provided to companies that adopt energy-efficient technologies, creating a favorable environment for the adoption of eco-friendly hoists. As such, manufacturers that focus on energy-efficient innovations are more likely to gain access to government-backed support, which can help fuel market growth.
The global shift toward sustainability is also influencing consumer and business preferences, with many businesses seeking to work with suppliers and equipment that adhere to green principles. In sectors like construction, logistics, and manufacturing, where hoists play a pivotal role, the demand for eco-friendly and energy-efficient solutions is rising. As companies strive to reduce their environmental impact, the electric hoist market is seeing an increased interest in products that contribute to a more sustainable and energy-conscious future. Manufacturers who invest in the development of these advanced hoists are positioning themselves for long-term success in a market that is increasingly aligning with green initiatives.
Competitive Landscape Analysis
Key players in Global Electric Hoist Market include:
- ABUS Kransysteme
- Chester Hoist
- Demag Cranes
- Gorbel
- Harrington Hoists
- Terex Corporation
- Hitachi
- Schneider Electric
- MHEDemag
- Shanghai Sumo Hoisting
- VETTER Krantechnik
- JLG Industries
- Eisenmann
- Konecranes
- Morris Material Handling
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Hoist Type
- Market Snapshot, By Lifting Height
- Market Snapshot, By Control Type
- Market Snapshot, By Load Bearing Capacity
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Global Electric Hoist Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Industrialization and Urbanization
- Increasing Demand for Automated Systems
- Rising Need for Efficient Material Handling
- Restraints
- High Initial Installation Costs
- Safety and Regulatory Challenges
- Maintenance and Operational Costs
- Opportunities
- Expansion in Emerging Markets
- Integration of IoT and Smart Features
- Development of Eco-friendly and Energy-efficient Hoists-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Electric Hoist Market, By Hoist Type, 2021 - 2031 (USD Million
- Wire Rope Hoists
- Chain Hoists
- Pneumatic Hoists
- Electric Cranes
- Winches
- Global Electric Hoist Market, By Lifting Height, 2021 - 2031 (USD Million
- Up to 10 Meters
- 10 to 20 Meters
- 20 to 30 Meters
- Above 30 Meters
- Global Electric Hoist Market, By Control Type, 2021 - 2031 (USD Million
- Remote Control
- Wired Control
- Manual Control
- Global Electric Hoist Market, By Load Bearing Capacity, 2021 - 2031 (USD Million)
- Chain -
- 0.25 - 5.0 tons
- 5.1 - 10.0 tons
- 10.1 - 15.0 tons
- 15.1 - 20.0 tons
- 20.1 - 32.0 tons
- Wire-
- 0.5 - 10.0 tons
- 10.1 - 15.0 tons
- 15.1 - 20.0 tons
- Chain -
- Global Electric Hoist Market, By End-User, 2021 - 2031 (USD Million)
- Aerospace
- Automotive & Transportation
- Construction
- Energy
- Marine
- Others
- Global Electric Hoist Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Electric Hoist Market, By Hoist Type, 2021 - 2031 (USD Million
- Competitive Landscape
- Company Profiles
- ABUS Kransysteme
- Chester Hoist
- Demag Cranes
- Gorbel
- Harrington Hoists
- Terex Corporation
- Hitachi
- Schneider Electric
- MHEDemag
- Shanghai Sumo Hoisting
- VETTER Krantechnik
- JLG Industries
- Eisenmann
- Konecranes
- Morris Material Handling
- Company Profiles
- Analyst Views
- Future Outlook of the Market