Hydraulic Hoist Market Detailed Analysis on Tractel, Venus Engineers, Columbus McKinnon, and Ingersoll-Rand

Market Study Report adds global Hydraulic Hoist market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Hydraulic Hoist Market will cross USD 417.0 million.

The Hydraulic Hoist market is relatively large, as the demand of Hydraulic Hoist is increasing in the whole world. And the global output of Hydraulic Hoist remained a relatively high growth during the last few years; the Hydraulic Hoist market is up to a double-digit growth, mainly due to the fast development of construction industry.

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This report focuses on the top Manufacturers@
OZ Lifting Products, Tractel, Venus Engineers, Columbus McKinnon, and Ingersoll-Rand plc among others.

The manual hoist market has segmented based on their load bearing capacities. The hydraulic chain hoists have a load bearing capacity of up to 100 tons, while the lever hoists are only having less load capacity. In terms of load bearing capacity, the manual chain hoists are segmented as 0.5 - 20.0, 20.1 - 50.0, 50.1 - 75.0, and 75.1 - 100.0 tons. The chain hoists with 0.5 – 20.0 load range are predicted to have the higher market share. They held a major share of over 64% in 2017 and will grow till the end of the forecast period.

Hydraulic Hoist Market Size By Type (Chain, Lever)

By Load Bearing Capacity (Chain [0.5 - 20.0 Tons, 20.1 - 50.0 Tons, 50.1 - 75.0 Tons, 75.1 - 100.0 Tons], Lever [0.5 - 5.0 Tons, 5.1 - 10.0 Tons, 10.1 - 15.0 Tons])

By End-User (Metal Processing, Cement, Automotive, Chemical, Mining, Construction)

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)

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A hydraulic hoist is an equipment which is majorly used for shifting the materials or products from place to place. The hydraulic hoists are operated manually, and are offered in two types, namely chain, and lever types. Rising industrialization in all the developing economies is creating a noteworthy growth prospects for manual hoists, which will drive this market at a decent CAGR till the projected period. Rising competition from electric hoists is one of the key factors restricting the growth of this market from growth. Moreover, lack of technical professionals in the developing economies creates an added restriction to this market growth.

Manual chain hoists are predicted to cross over USD 370.0 million till 2025, rising at CAGR near to 5.6% in the studied period. Due to their high capacities, and easiness in operation, they are preferred by the consumers over lever hoists.

The load bearing capacity range of 0.5 ? 20.0 tons in manual chain hoists are predicted to reach USD 240.0 million till end of the forecast period. The load bearing capacity range of 5.1 ? 10.0 tons in lever hoists are predicted to surpass USD 35.0 million till the end of 2025.

In terms of end-user, the hydraulic hoist market for metal processing is expected to exceed USD 83.0 million till 2025, rising at CAGR of 5.9%. Metal processing industries generally requires heavy load transportation from one place to another, thus the product is essentially required for swift day to day business operations, resulting in bright growth prospect for the business in near future.

The Asia Pacific regional hydraulic hoist market is predicted to have the lion?s share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America manual hoist market will also have a decent share by the end of 2025 and will have a size of over USD 100.0 million at the end of 2025.

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