Electric hoist market from wire hoists of load range between 0.5 – 10.0 tons are projected to reach over USD 1.0 billion till the end of 2025, growing at CAGR higher over 7.3%, the global electric hoist market will exceed USD 3.2 billion by end of the 2025.
Hoist finds major applications in material handle operations. It can be used to shift heavy-weight materials easily. The electric hoists’ demand will grow significantly over the projected timeframe, owing to massive material handling and transportation applications in construction and manufacturing industry. The demand for electric hoists is majorly from the construction end-user, primarily in both the developing and developed nations. The lack of expertise in handling overhead cranes and its attached hoists acts as an important factor, restricting the market growth in the projected timespan.
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Electric wire hoist market is expected to reach more than USD 2.5 billion till 2025, increasing over CAGR more than 7.3% in the entire forecast timeframe. Wire range of load capacities, and the ability to customize the hoists according to their load capacities, are the major factors accounting to the increase of global electric wire hoist market by end of forecast span.
Asia Pacific electric hoist market would reach more than USD 950.0 million till close of 2025, increasing at CAGR more than 7.5%. The North America electric hoist market is predicted to be second-highest market in market revenue, which would increase at CAGR of 7.4% by end of projected timeframe.
Statistics indicate that the Asia Pacific turf houses numerous light weight vehicle producers with Japan, China, and Korea at the helm covering almost 42% (37 million units) of the global auto production market. Thriving on yesteryear statistics, China alone produced nearly 4.2 million commercial vehicles and 24.8 million passenger cars – estimates depicting China’s pronounced growth prospects in APAC electric hoist market. For the record, APAC electric hoist industry is slated to enter the billion dollar frontier by 2025, with a projected CAGR of 7.5% over 2018-2025.
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Primary players of global electric hoist market include Konecranes, Columbus McKinnon, Hitachi Industrial, RAM, Ace Industries, Jiangsu Jiali Hoisting Machinery Manufacturing, Tiger Lifting, Harrington Hoist, ABUS Kransysteme, Coffing Hoist, Milwaukee, Budgit Hoist, JET, Toronto Electric, Demag, and Granada among others.
Browse key industry insights spread across 270 pages with 368 market data tables & 33 figures & charts from the report, “Electric Hoist Market Size By Type (Chain, Wire), 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, 20.0 – 32.0 Tons], Wire [0.5 – 10.0 Tons, 10.0 – 15.0 Tons, 15.0 – 20.0 Tons]), By End-User (Aerospace, Automotive & Transportation, Construction, Energy, Marine), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Spain, Russia, China, Japan, India, South Korea, Malaysia, Mexico, Argentina, Brazil, Colombia, Saudi Arabia, UAE, South Africa, Oman, Qatar, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electric-hoist-market
Partial Chapter from the Table of contents:
Chapter 3. Electric Hoist Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent dashboard
3.4.2. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.2. Regional drivers
3.5.2. Industry pitfalls & challenges
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis, chain hoists
3.8. Growth potential hoists, wire hoists
3.9. Price trends, chain hoists
3.9.1. Cost structure analysis
3.9.1.1. R&D cost
3.9.1.2. Manufacturing & equipment cost
3.9.1.3. Raw material cost
3.9.1.4. Distribution cost
3.9.1.5. Operating cost
3.9.1.6. Miscellaneous cost
3.9.2. Average price, by load bearing capacity, 2014 – 2025
3.9.3. Average price, by end-user, 2014 – 2025
3.9.4. Average price, by region, 2014 – 2025
3.10. Price trends, wire hoists
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Average price, by load bearing capacity, 2014 – 2025
3.10.3. Average price, by end-user, 2014 – 2025
3.10.4. Average price, by region, 2014 – 2025
3.11. Competitive landscape, 2017
3.11.1. Company market share, 2017
3.11.2. Key stakeholders
3.11.3. Strategy dashboard
3.12. Porter’s analysis
3.12.1. Supplier power
3.12.2. Buyer power
3.12.3. Threat of new entrants
3.12.4. Threat of substitutes
3.12.5. Industry rivalry
3.13. PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/electric-hoist-market
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