Press release
Global Electric Hoist Market 2025 Global Industry Players are Terex Corporation, Konecranes, Ingersoll Rand
Electric Hoist Market
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.
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Electric chain hoists with load capacity in between 5.1? 10.0-ton capacity will witness a significant market growth and might cross over USD 200.0 million till 2025. This will hold a significant part of global chain hoist market till 2025. Electric 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%.
Electric hoist market, type by load bearing capacity
• Chain
• 0.25 - 5.0
• 5.1 - 10.0
• 10.1 - 15.0
• 15.1 - 20.0
• 20.1 - 32.0
Wire
• 0.5 - 10.0
• 10.1 - 15.0
• 15.1 - 20.0
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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.
Electric hoist market, type by end-user
Chain
1. Aerospace
2. Automotive & transportation
3. Construction
4. Energy
5. Marine
6. Others
Wire
1. Aerospace
2. Automotive & transportation
3. Construction
4. Energy
5. Marine
6. Others
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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.
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