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).
Report ID: Rn086890429 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Hoist Type
    2. Market Snapshot, By Lifting Height
    3. Market Snapshot, By Control Type
    4. Market Snapshot, By Load Bearing Capacity
    5. Market Snapshot, By End-User
    6. Market Snapshot, By Region
  4. Global Electric Hoist Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Industrialization and Urbanization
        2. Increasing Demand for Automated Systems
        3. Rising Need for Efficient Material Handling
      2. Restraints
        1. High Initial Installation Costs
        2. Safety and Regulatory Challenges
        3. Maintenance and Operational Costs
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Integration of IoT and Smart Features
        3. Development of Eco-friendly and Energy-efficient Hoists-
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electric Hoist Market, By Hoist Type, 2021 - 2031 (USD Million
      1. Wire Rope Hoists
      2. Chain Hoists
      3. Pneumatic Hoists
      4. Electric Cranes
      5. Winches
    2. Global Electric Hoist Market, By Lifting Height, 2021 - 2031 (USD Million
      1. Up to 10 Meters
      2. 10 to 20 Meters
      3. 20 to 30 Meters
      4. Above 30 Meters
    3. Global Electric Hoist Market, By Control Type, 2021 - 2031 (USD Million
      1. Remote Control
      2. Wired Control
      3. Manual Control
    4. Global Electric Hoist Market, By Load Bearing Capacity, 2021 - 2031 (USD Million)
      1. Chain -
        1. 0.25 - 5.0 tons
        2. 5.1 - 10.0 tons
        3. 10.1 - 15.0 tons
        4. 15.1 - 20.0 tons
        5. 20.1 - 32.0 tons
      2. Wire-
        1. 0.5 - 10.0 tons
        2. 10.1 - 15.0 tons
        3. 15.1 - 20.0 tons
    5. Global Electric Hoist Market, By End-User, 2021 - 2031 (USD Million)
      1. Aerospace
      2. Automotive & Transportation
      3. Construction
      4. Energy
      5. Marine
      6. Others
    6. Global Electric Hoist Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABUS Kransysteme
      2. Chester Hoist
      3. Demag Cranes
      4. Gorbel
      5. Harrington Hoists
      6. Terex Corporation
      7. Hitachi
      8. Schneider Electric
      9. MHEDemag
      10. Shanghai Sumo Hoisting
      11. VETTER Krantechnik
      12. JLG Industries
      13. Eisenmann
      14. Konecranes
      15. Morris Material Handling
  7. Analyst Views
  8. Future Outlook of the Market