Electric Hoist Market
Electric Hoist Market Analysis by Chain Hoists and Wire Rope Hoists for Manufacturing & Industrial, Construction, Automotive, Oil & Gas, Aerospace, and Mining from 2023 to 2033
Analysis of Electric Hoist Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electric Hoist Market Outlook (2023 to 2033)
Fact.MR reveals that the global electric hoist market stood at US$ 707.9 million in 2022. The market is expected to reach a valuation of US$ 1.7 billion by the end of the forecast period (2023 to 2033), advancing at 8.5% CAGR over the next ten years.
- Sales of 5 to 10 tons capacity electric hoists are projected to rise at a high-value CAGR of 8.8% from 2023 to 2033.
- Demand growth for wire rope electric hoists is set to surge at 10.4% CAGR through 2033.
- Manufacturers of electric hoist cranes would do well to focus on penetrating the East Asia market as this regional market is expected to grow faster than other markets over the decade.
| Attributes | Details |
|---|---|
| Electric Hoist Market Size (2022A) | US$ 707.9 Million |
| Estimated Market Value (2023E) | US$ 757.3 Million |
| Forecasted Market Value (2033F) | US$ 1.7 Billion |
| Global Market Growth Rate (2023 to 2033) | 8.5% |
| United States Market Growth Rate (2023 to 2033) | 7.3% |
| Wire Rope Hoists Segment Growth Rate (2023 to 2033) | 10.4% |
| China Market Growth Rate (2023 to 2033) | 7.1% |
| Three-phase Voltage Type Segment Growth Rate (2023 to 2033) | 9.8% |
| Leading Regional Market | East Asia |
| Key Companies Covered | ABUS Kransysteme GmbH; IMER International SpA; Ingersoll Rand; Columbus McKinnon Corporation; Tianjin Kunda Hoisting Equipment Co., Ltd.; Street Crane Company Limited; Konecranes; Kito Crosby Corporation; Hitachi Industrial Equipment Systems Co., Ltd.; JD Neuhaus |
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Sales Analysis of Electric Hoists (2018 to 2022) vs. Demand Outlook (2023 to 2033)
As per Fact.MR, a market research and competitive intelligence provider, global sales of electric hoists dropped at −0.2% CAGR from 2018 to 2022, mainly affected by the COVID-19 pandemic. The market is projected to reach a valuation of US$ 1.7 billion by 2033, generating an absolute dollar opportunity of close to US$ 1 billion over the next 10 years.
What are the Key Drivers Influencing the Expansion of the Electric Hoist Crane Market?
“Increasing Investments in Construction Equipment Production and Emphasis on Worker Safety”
Electric hoists are vital tools in various industries and applications, serving the purpose of lifting, lowering, and moving heavy loads with precision and efficiency. These hoists are commonly used in manufacturing, construction, warehousing, logistics, and several other sectors where the safe and efficient handling of materials is essential. Unlike manual hoists that rely on physical exertion, electric hoists are powered by electricity, allowing for smooth and controlled lifting operations. This precision is essential in industries that require accurate positioning of heavy loads.
Increasing investments in construction equipment are driving an upsurge in the adoption of electric hoists within the industry. As construction projects become more ambitious and complex, the need for advanced lifting solutions has intensified, propelling the demand for electric hoists. Construction companies are increasingly investing in technologically advanced machinery to improve productivity, reduce costs, and enhance safety on construction sites.
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The global construction equipment market was valued at US$ 148 billion in 2022, which is estimated to reach US$ 157 billion in 2023.
Rising expenditure on construction equipment reflects the construction industry's recognition of the need for modernized and efficient solutions, and electric hoists align with these requirements by providing precise, safe, and environmentally friendly lifting capabilities.
The increasing focus on worker safety has become a catalyst for the adoption of electric hoists in various industries. As workplace safety standards become more stringent and companies prioritize the well-being of their employees, electric hoists offer a compelling solution that aligns with these goals.
Manual hoisting methods often involve physical strain and can lead to fatigue-related accidents, injuries, and even long-term health issues for workers. This has prompted regulatory bodies to impose stricter guidelines on lifting practices to reduce workplace hazards. Electric hoists address these concerns by minimizing the need for manual lifting, thereby reducing the risk of injuries associated with overexertion and strain.
Several industries are witnessing a shift towards rental services as a cost-effective solution to acquire industrial equipment.
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For instance, the rental services market for construction equipment is estimated at US$ 147 billion in 2023, a significant growth from US$ 118 billion in 2021.
As industries prioritize cost-effective solutions and operational flexibility, renting electric hoists has become a strategic choice. This trend is particularly notable in sectors that experience variable workloads, project-based operations, or seasonal demands.
Renting electric hoists offers several advantages to businesses. It reduces the upfront capital investment required for purchasing equipment, allowing companies to allocate resources more efficiently. This is especially appealing to smaller businesses or those with limited budgets that may find purchasing electric hoists cost-prohibitive. As more businesses recognize the benefits of renting electric hoists, manufacturers and rental providers are poised to play a significant role in catering to this evolving market dynamic.
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Which Region is Anticipated to Account for Higher Sales of Electric Hoists?
“High Sales of Electric Hoists in Asia Pacific Driven by Rapid Infrastructure Development”
The East Asia market was valued at US$ 193.8 million in 2022 and is estimated to at US$ 206.4 million in 2023. Sales of electric hoists in East Asia are projected to reach US$ 423.6 million by 2033. East Asian countries have been investing heavily in infrastructure development, including transportation networks, high-rise buildings, and energy projects.
- China’s infrastructure development investments grew by 4.9% in 2021 compared to a growth rate of 2.9% in 2020.
- Japan is also extensively investing in the construction industry, and this accounts for 12.3% of its GDP in 2023.
These circumstances, along with the presence of a substantial number of manufacturers, have fostered a conducive environment for the widespread adoption of electric hoists to meet the demands of the construction industry in East Asia.
Country-wise Analysis
| Country | CAGR (2023 to 2033) |
|---|---|
| United States | 7.3% |
| China | 7.1% |
What’s Attracting Manufacturers of Electric Hoists to the United States?
“Stringent Occupational Safety Regulations Necessitating Use of Electric Hoists”
The market in the United States is expected to expand to be worth US$ 284.3 million by 2033, generating an absolute dollar growth of US$ 151.1 million through 2033. Sales of electric hoists in the United States dropped at a CAGR of –1.7% from 2018 to 2022. Nevertheless, the market is expected to advance rapidly at a CAGR of 7.3% from 2023 to 2033.
- The Occupational Safety and Health Administration (OSHA) is a federal agency within the United States Department of Labor. OSHA's primary mission is to ensure safe and healthy working conditions for employees by enforcing workplace safety and health regulations. One of the key aspects of OSHA regulations is the emphasis on safety in material handling and lifting operations. OSHA's standards, such as 1910.179, focus on the safe use of overhead and gantry cranes, which include electric hoists.
OSHA regulations require regular inspections, proper maintenance, and operator training to ensure the safe operation of hoisting equipment, including electric lifting equipment. Electric hoists, with their built-in safety features like overload protection, emergency stop buttons, and limit switches, align well with OSHA's safety requirements. These features reduce the risk of accidents and injuries, making electric hoists a preferred choice for industries that prioritize worker safety.
Why is There Increased Demand for Electric Hoists in India?
“Widespread Use of Electric Hoists in Construction Industry”
The market in India is expected to reach US$ 81.7 million, with an absolute dollar growth of US$ 47.7 million from 2023 to 2033. Demand for electric hoisting equipment increased at a CAGR of 2% from 2018 to 2022 and is expected to progress at 8.4% CAGR from 2023 to 2033.
- India is an attractive market for material handling equipment with sales of 7.7 thousand units in 2021. This sales volume is expected to advance at a CAGR of 9% through 2030.
- Construction equipment sales have also gained significant momentum, with 91.7 thousand units sold in 2021. This growth is driven by the robust construction industry and rapid investments in infrastructure development.
In the 2023-24 budget, India raised its investments in infrastructure development by 33%, reaching a total of US$ 122 billion, which accounts for 3.3% of the country's GDP.
With the nation experiencing rapid growth in various sectors, the market for electric overhead hoists is poised for substantial expansion.
How is the Market in China Progressing?
“Market Benefitting from Increasing Use of Electric Hoists for Efficient Material Handling”
The market in China is expected to advance to US$ 348.9 million by the end of 2033, with an absolute dollar growth of US$ 183.1 million from 2023 to 2033. Electric hoist sales in China decreased at a CAGR of −1.7% from 2018 to 2022, but are expected to rise at a CAGR of 7.1% through 2033.
China has established itself as the manufacturing hub of the world, with a dominant presence in various industries. The manufacturing industry encompasses a wide range of sectors, from electronics and automotive to textiles and heavy machinery. These industries require efficient material handling solutions to lift, transport, and position heavy components and materials during the manufacturing process.
As the manufacturing industry in China is expanding, it creates significant opportunities for electric hoists.
- For instance, the manufacturing sector in the country grew at 9.8% year-on-year in 2022 and reached US$ 31.4 trillion, accounting for 27.4% of the country’s GDP.
- Specifically, for the high-tech manufacturing industry, the output went up by 18.2% year-on-year.
How is Demand for Electric Hoists Shaping Up in Germany?
“High Demand for Electric Hoists from Well-established Warehousing and Logistics Sector”
The market in Germany is expected to reach US$ 77.4 million by 2033-end, with an absolute dollar opportunity of US$ 42.1 million over the next 10 years. Demand for electric hoists in Germany dropped at a CAGR of –1.5% from 2018 to 2022 but is expected to advance at a noteworthy CAGR of 7.6% through 2033.
- The construction industry in Germany is experiencing significant growth with the value exceeding US$ 106 billion in 2022, up from US$ 96 billion in 2021.
This growth represents significant adoption of electric hoists as they help streamline the construction workflow and reduce time. Efficiency and productivity are paramount in modern warehousing and logistics operations. Electric hoists offer a significant advantage in this regard. Their precise load control, ease of operation, and automation capabilities contribute to streamlined material handling processes. This efficiency translates into cost savings and faster turnaround times, aligning with the objectives of logistics companies.
- In Germany, warehousing and logistics space accounted for 8.58 million square meters in 2022, which exceeded the five-year average by 19%.
This significant presence of construction, warehousing, and logistics industries is expected to create significant opportunities for the electric hoist market during the forecast period.
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Category-Wise Insights
| Segment | CAGR (2023 to 2033) |
|---|---|
| Chain Hoist | 7.7% |
| Single-phase | 7.8% |
Which Hoist Rope Type is Projected to Exhibit Significant Revenue Growth?
“Ease of Installation and Cost-efficiency of Chain Hoists Driving Their Widespread Adoption”
Adoption of electric chain hoists dropped at a CAGR of –0.5% from 2018 to 2022 and is expected to advance at a CAGR of 7.7% from 2023 to 2033. Wire rope hoists excel in heavy-duty applications where high load capacities and speed are essential, while electric chain hoists are suitable for lighter to medium loads and applications that prioritize load control and precise positioning.
Electric wire rope hoists are more complex and require higher capital investment for installation and maintenance. Chain hoists are easier to install and more cost-efficient than wire rope hoists.
What are the Demand Projections for Single-phase Electric Hoists?
“High Demand for Single-phase Hoists Due to Their Lower Installation Costs”
Demand for single-phase electric hoists is projected to rise at a substantial CAGR of 7.8% from 2023 to 2033, although their sales dropped at a –0.6% CAGR from 2018 to 2022. Single-phase electric hoists are easier to install and require simpler electrical connections compared to three-phase hoists. This ease of installation makes them more accessible to a broader range of users, including small businesses and workshops.
Single-phase electric hoists also tend to be more affordable than their three-phase counterparts, both in terms of initial purchase costs and installation expenses. This affordability is attractive to budget-conscious buyers.
Competitive Analysis
Key players in the market for electric hoists are ABUS Kransysteme GmbH, IMER International SpA, Ingersoll Rand, Columbus McKinnon Corporation, Tianjin Kunda Hoisting Equipment Co., Ltd, Street Crane Company Limited, Konecranes, Kito Crosby Corporation, Hitachi Industrial Equipment Systems Co., Ltd, and JD Neuhaus.
- In January 2023, Kito Corporation completed its merger with Crosby Group, a leading lifting solutions provider. This strategic alliance, known as Kito Crosby, brings together two industry leaders to expand their global presence and better serve larger end-use industries with an extended range of products.
- In December 2022, Red Rooster Lifting and Street Crane Company Ltd. entered into a strategic partnership. This collaboration is anticipated to support Street Crane Company Ltd. in its expansion efforts in Scotland, boosting sales. Simultaneously, it will grant Red Rooster Lifting access to a broader range of products to enhance its offerings to customers.
- In July 2022, Hitachi Industrial Equipment Systems acquired Telesis Technologies. This acquisition aims to expand Hitachi Industrial Equipment's equipment marketing division and diversify its product portfolio.
- In April 2021, Columbus McKinnon Corporation acquired Dorner Manufacturing Corporation, a prominent provider of patented technology for the design, production, utilization, and integration of highly precise conveying systems, for a sum of US$ 485 million.
Segmentation of Electric Hoist Industry Research
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By Capacity :
- Up to 1 Ton
- 1 to 3 Tons
- 3 to 5 Tons
- 5 to 10 Tons
- Over 10 Tons
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By Hoist Rope Type :
- Chain Hoists
- Wire Rope Hoists
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By Voltage Type :
- Single Phase
- Three Phase
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By End-use Industry :
- Manufacturing & Industrial
- Construction
- Automotive
- Oil & Gas
- Aerospace
- Mining
- Others
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By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Middle East & Africa
- Oceania
Table of Content
- 1. Global Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Markets Dynamics
- 5. Pricing Analysis
- 6. Global Market Value (US$ Mn) and Volume (Th Units) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Capacity
- 7.1. Up to 1 Ton
- 7.2. 1 to 3 Ton
- 7.3. 3 to 5 Ton
- 7.4. 5 to 10 Ton
- 7.5. Over 10 Ton
- 8. Global Market Analysis and Forecast, By Hoist Rope Type
- 8.1. Chain Hoist
- 8.2. Wire or Rope Hoist
- 9. Global Market Analysis and Forecast, By Voltage Type
- 9.1. Single Phase
- 9.2. Three Phase
- 10. Global Market Analysis and Forecast, By End Use Industry
- 10.1. Manufacturing and Industrial
- 10.2. Construction
- 10.3. Automotive
- 10.4. Oil and Gas
- 10.5. Aerospace
- 10.6. Mining
- 10.7. Others
- 11. Global Market Analysis and Forecast, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & ASEAN
- 11.6. Middle East & Africa
- 11.7. Oceania
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia and ASEAN Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Oceania Market Analysis and Forecast
- 19. Country-level Market Analysis and Forecast
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. ABUS Kransysteme GmbH
- 21.2. Tianjing Kunda Hoisting Equipment Co., Ltd
- 21.3. IMER International SpA
- 21.4. Street Crane Company Limited
- 21.5. Ingersoll Rand
- 21.6. Columbus McKinnon Corporation
- 21.7. Hitachi Industrial Equipment
- 21.8. KITO Corporation
- 21.9. Terex Corporation
- 21.10. J.D. Neuhaus
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 02: Global Market Volume (Thousand Units) Forecast by Region, 2018 to 2033
Table 03: Global Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 04: Global Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 05: Global Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 06: Global Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 07: Global Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 08: Global Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 09: Global Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 10: Global Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 12: North America Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 14: North America Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 16: North America Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 17: North America Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 18: North America Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 19: North America Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 20: North America Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: Latin America Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 24: Latin America Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 25: Latin America Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 26: Latin America Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 27: Latin America Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 28: Latin America Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 29: Latin America Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 30: Latin America Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: Europe Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 33: Europe Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 34: Europe Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 35: Europe Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 36: Europe Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 37: Europe Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 38: Europe Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 39: Europe Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 40: Europe Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: East Asia Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 43: East Asia Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 44: East Asia Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 45: East Asia Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 46: East Asia Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 47: East Asia Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 48: East Asia Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 49: East Asia Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 50: East Asia Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 51: South Asia and ASEAN Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 52: South Asia and ASEAN Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 53: South Asia and ASEAN Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 54: South Asia and ASEAN Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 55: South Asia and ASEAN Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 56: South Asia and ASEAN Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 57: South Asia and ASEAN Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 58: South Asia and ASEAN Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 59: South Asia and ASEAN Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 60: South Asia and ASEAN Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 62: Middle East and Africa Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 64: Middle East and Africa Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 65: Middle East and Africa Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 66: Middle East and Africa Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 67: Middle East and Africa Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 68: Middle East and Africa Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 69: Middle East and Africa Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 70: Middle East and Africa Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
Table 71: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 72: Oceania Market Volume (Thousand Units) Forecast by Country, 2018 to 2033
Table 73: Oceania Market Value (US$ Million) Forecast by Capacity, 2018 to 2033
Table 74: Oceania Market Volume (Thousand Units) Forecast by Capacity, 2018 to 2033
Table 75: Oceania Market Value (US$ Million) Forecast by Hoist Rope Type, 2018 to 2033
Table 76: Oceania Market Volume (Thousand Units) Forecast by Hoist Rope Type, 2018 to 2033
Table 77: Oceania Market Value (US$ Million) Forecast by Voltage Type, 2018 to 2033
Table 78: Oceania Market Volume (Thousand Units) Forecast by Voltage Type, 2018 to 2033
Table 79: Oceania Market Value (US$ Million) Forecast by End Use Industry, 2018 to 2033
Table 80: Oceania Market Volume (Thousand Units) Forecast by End Use Industry, 2018 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn), Volume (Th Units) Analysis, 2018, 2023 and 2033
Figure 02: Global Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 03: Global Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 04: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 05: Global Market Incremental $ Opportunity, 2022 to 2033
Figure 06: Global Market Share Analysis By Capacity - 2023 & 2033
Figure 07: Global Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 08: Global Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 09: Global Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 10: Global Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 11: Global Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 12: Global Market Share Analysis By Voltage Type - 2023 & 2023
Figure 13: Global Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 14: Global Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 15: Global Market Share Analysis By End Use Industry- 2023 & 2023
Figure 16: Global Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 17: Global Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 18: Global Market Share Analysis By Region - 2023 & 2023
Figure 19: Global Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis By Region, 2023 to 2033
Figure 21: North America Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 22: North America Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 23: North America Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 24: North America Market Incremental $ Opportunity, 2022 to 2033
Figure 25: North America Market Share by Country– 2023 & 2033
Figure 26: North America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 27: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 28: North America Market Share Analysis By Capacity - 2023 & 2033
Figure 29: North America Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 30: North America Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 31: North America Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 32: North America Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 33: North America Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 34: North America Market Share Analysis By Voltage Type - 2023 & 2023
Figure 35: North America Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 36: North America Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 37: North America Market Share Analysis By End Use Industry- 2023 & 2023
Figure 38: North America Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 39: North America Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 40: Latin America Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 41: Latin America Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 42: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 43: Latin America Market Incremental $ Opportunity, 2022 to 2033
Figure 44: Latin America Market Share by Country– 2023 & 2033
Figure 45: Latin America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 46: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Share Analysis By Capacity - 2023 & 2033
Figure 48: Latin America Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 49: Latin America Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 50: Latin America Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 51: Latin America Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 52: Latin America Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 53: Latin America Market Share Analysis By Voltage Type - 2023 & 2023
Figure 54: Latin America Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 55: Latin America Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 56: Latin America Market Share Analysis By End Use Industry- 2023 & 2023
Figure 57: Latin America Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 58: Latin America Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 59: Europe Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 60: Europe Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 61: Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 62: Europe Market Incremental $ Opportunity, 2022 to 2033
Figure 63: Europe Market Share by Country– 2023 & 2033
Figure 64: Europe Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 65: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 66: Europe Market Share Analysis By Capacity - 2023 & 2033
Figure 67: Europe Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 68: Europe Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 69: Europe Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 70: Europe Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 71: Europe Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 72: Europe Market Share Analysis By Voltage Type - 2023 & 2023
Figure 73: Europe Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 74: Europe Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 75: Europe Market Share Analysis By End Use Industry- 2023 & 2023
Figure 76: Europe Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 77: Europe Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 78: East Asia Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 79: East Asia Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 80: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 81: East Asia Market Incremental $ Opportunity, 2022 to 2033
Figure 82: East Asia Market Share by Country– 2023 & 2033
Figure 83: East Asia Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 84: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 85: East Asia Market Share Analysis By Capacity - 2023 & 2033
Figure 86: East Asia Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 87: East Asia Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 88: East Asia Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 89: East Asia Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 90: East Asia Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 91: East Asia Market Share Analysis By Voltage Type - 2023 & 2023
Figure 92: East Asia Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 93: East Asia Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 94: East Asia Market Share Analysis By End Use Industry- 2023 & 2023
Figure 95: East Asia Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 96: East Asia Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 97: South Asia & ASEAN Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 98: South Asia & ASEAN Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 99: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 100: South Asia & ASEAN Market Incremental $ Opportunity, 2022 to 2033
Figure 101: South Asia & ASEAN Market Share by Country– 2023 & 2033
Figure 102: South Asia & ASEAN Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 103: South Asia & ASEAN Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: South Asia & ASEAN Market Share Analysis By Capacity - 2023 & 2033
Figure 105: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 106: South Asia & ASEAN Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 107: South Asia & ASEAN Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 108: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 109: South Asia & ASEAN Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 110: South Asia & ASEAN Market Share Analysis By Voltage Type - 2023 & 2023
Figure 111: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 112: South Asia & ASEAN Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 113: South Asia & ASEAN Market Share Analysis By End Use Industry- 2023 & 2023
Figure 114: South Asia & ASEAN Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 115: South Asia & ASEAN Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 116: Middle East & Africa Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 117: Middle East & Africa Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 118: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 119: Middle East & Africa Market Incremental $ Opportunity, 2022 to 2033
Figure 120: Middle East & Africa Market Share by Country– 2023 & 2033
Figure 121: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 122: Middle East & Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 123: Middle East & Africa Market Share Analysis By Capacity - 2023 & 2033
Figure 124: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 125: Middle East & Africa Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 126: Middle East & Africa Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 127: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 128: Middle East & Africa Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 129: Middle East & Africa Market Share Analysis By Voltage Type - 2023 & 2023
Figure 130: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 131: Middle East & Africa Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 132: Middle East & Africa Market Share Analysis By End Use Industry- 2023 & 2023
Figure 133: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 134: Middle East & Africa Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 135: Oceania Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2022
Figure 136: Oceania Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2023 to 2033
Figure 137: Oceania Market Value Y-o-Y Growth and Forecast, 2019 to 2033
Figure 138: Oceania Market Incremental $ Opportunity, 2022 to 2033
Figure 139: Oceania Market Share by Country– 2023 & 2033
Figure 140: Oceania Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 141: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 142: Oceania Market Share Analysis By Capacity - 2023 & 2033
Figure 143: Oceania Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 144: Oceania Market Attractiveness Analysis By Capacity, 2023 to 2023
Figure 145: Oceania Market Share Analysis By Hoist Rope Type - 2023 & 2023
Figure 146: Oceania Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 147: Oceania Market Attractiveness Analysis By Hoist Rope Type, 2023 to 2033
Figure 148: Middle East & Africa Market Share Analysis By Voltage Type - 2023 & 2023
Figure 149: Oceania Market Value Y-o-Y Growth and Forecast, 2013 to 2033
Figure 150: Oceania Market Attractiveness Analysis By Voltage Type, 2023 to 2033
Figure 151: Oceania Market Share Analysis By End Use Industry- 2023 & 2023
Figure 152: Oceania Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure 153: Oceania Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 154: United States Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 155: United States Market Value, By Capacity, 2023 & 2033
Figure 156: United States Market Incremental $ Opportunity, 2023 to 2033
Figure 157: Canada Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 158: Canada Market Value, By Capacity, 2023 & 2033
Figure 159: Canada Market Incremental $ Opportunity, 2023 to 2033
Figure 160: Mexico Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 161: Mexico Market Value, By Capacity, 2023 & 2033
Figure 162: Mexico Market Incremental $ Opportunity, 2023 to 2033
Figure 163: Brazil Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 164: Brazil Market Value, By Capacity, 2023 & 2033
Figure 165: Brazil Market Incremental $ Opportunity, 2023 to 2033
Figure 166: Chile Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 167: Chile Market Value, By Capacity, 2023 & 2033
Figure 168: Chile Market Incremental $ Opportunity, 2023 to 2033
Figure 169: Argentina Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 170: Argentina Market Value, By Capacity, 2023 & 2033
Figure 171: Argentina Market Incremental $ Opportunity, 2023 to 2033
Figure 172: Germany Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 173: Germany Market Value, By Capacity, 2023 & 2033
Figure 174: Germany Market Incremental $ Opportunity, 2023 to 2033
Figure 175: France Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 176: France Market Value, By Capacity, 2023 & 2033
Figure 177: France Market Incremental $ Opportunity, 2023 to 2033
Figure 178: Italy Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 179: Italy Market Value, By Capacity, 2023 & 2033
Figure 180: Italy Market Incremental $ Opportunity, 2023 to 2033
Figure 181: Spain Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 182: Spain Market Value, By Capacity, 2023 & 2033
Figure 183: Spain Market Incremental $ Opportunity, 2023 to 2033
Figure 184: United Kingdom Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 185: United Kingdom Market Value, By Capacity, 2023 & 2033
Figure 186: United Kingdom Market Incremental $ Opportunity, 2023 to 2033
Figure 187: China Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 188: China Market Value, By Capacity, 2023 & 2033
Figure 189: China Market Incremental $ Opportunity, 2023 to 2033
Figure 190: Japan Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 191: Japan Market Value, By Capacity, 2023 & 2033
Figure 192: Japan Market Incremental $ Opportunity, 2023 to 2033
Figure 193: South Korea Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 194: South Korea Market Value, By Capacity, 2023 & 2033
Figure 195: South Korea Market Incremental $ Opportunity, 2023 to 2033
Figure 196: India Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 197: India Market Value, By Capacity, 2023 & 2033
Figure 198: India Market Incremental $ Opportunity, 2023 to 2033
Figure 199: Thailand Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 200: Thailand Market Value, By Capacity, 2023 & 2033
Figure 201: Thailand Market Incremental $ Opportunity, 2023 to 2033
Figure 202: Indonesia Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 203: Indonesia Market Value, By Capacity, 2023 & 2033
Figure 204: Indonesia Market Incremental $ Opportunity, 2023 to 2033
Figure 205: Malaysia Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 206: Malaysia Market Value, By Capacity, 2023 & 2033
Figure 207: Malaysia Market Incremental $ Opportunity, 2023 to 2033
Figure 208: Saudi Arabia Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 209: Saudi Arabia Market Value, By Capacity, 2023 & 2033
Figure 210: Saudi Arabia Market Incremental $ Opportunity, 2023 to 2033
Figure 211: UAE Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 212: UAE Market Value, By Capacity, 2023 & 2033
Figure 213: UAE Market Incremental $ Opportunity, 2023 to 2033
Figure 214: Turkiye Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 215: Turkiye Market Value, By Capacity, 2023 & 2033
Figure 216: Turkiye Market Incremental $ Opportunity, 2023 to 2033
Figure 217: South Africa Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 218: South Africa Market Value, By Capacity, 2023 & 2033
Figure 219: South Africa Market Incremental $ Opportunity, 2023 to 2033
Figure 220: Australia Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 221: Australia Market Value, By Capacity, 2023 & 2033
Figure 222: Australia Market Incremental $ Opportunity, 2023 to 2033
Figure 223: New Zealand Market Value (US$ Mn), Volume (Th Units) Forecast and Analysis, 2018 to 2033
Figure 224: New Zealand Market Value, By Capacity, 2023 & 2033
Figure 225: New Zealand Market Incremental $ Opportunity, 2023 to 2033
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- FAQs -
What was the growth rate of the electric hoist market from 2018 to 2022?
The global electric hoist market registered a negative CAGR of –0.2% from 2018 to 2022.
What are the different types of electric hoists?
Chain hoists and wire rope hoists are the two main types of electric hoists available in the market.
How big is the electric hoist market in 2023?
The electric hoist market is estimated at US$ 757.3 million in 2023.
What is the sales projection for electric hoists by 2033-end?
Worldwide sales of electric hoists are expected to reach US$ 1.7 billion by 2033.
What is the growth projection for the market from 2023 to 2033?
The market for electric hoists is projected to expand at a CAGR of 8.5% from 2023 to 2033.
Which capacity-based segment is set to advance at a substantial rate?
Sales of 5-to-10-ton electric hoists are projected to rise at a high-value CAGR of 8.8% through 2033.
Which hoist type is projected to account for high demand?
Demand for chain hoists is projected to increase at a CAGR of 7.7% through 2033.
What is the anticipated size of the United States market for 2033?
The United States market is projected to reach US$ 284.3 million by 2033-end, advancing at 7.3% CAGR.
Who are the key electric hoist manufacturers?
Leading suppliers of electric hoists are ABUS Kransysteme GmbH, IMER International SpA, Ingersoll Rand, and Columbus McKinnon Corporation.
Electric Hoist Market