Electric hoist market set to grow at 3.4% CAGR and expected to reach 1990 million US$ by 2024

Electric hoist Market research report 2019-2024 presents a comprehensive study of the Electric hoist Market in Global Industry. Electric Hoist is a mechanical device with electricity power-sources for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload. The basic electric hoist has two important characteristics to define it: Lifting medium and power type. China and USA are the o dominant producer regions of electric hoist; the production of electric hoist respectively is 423 K Units and 458 K Units in 2015, according about 24.86% and 26.92% of the total amount. China and USA are also the biggest consumer of electric hoist, with the consumption market share of about 19.61% and 27.78% in 2015. Europe is the second largest production area, with the market share of 20.58% in 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.

Get Sample Copy of Electric hoist Market Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1930518

The electric price of hoist is lower year by year from 1274 USD/Unit in 2011 to 1189 USD/Unit in 2015. The product profit margin is about 29.72% in 2015, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing. By application, Construction Sites accounted for the largest market with about 28.33% of the global volume for electric hoist in 2015. Moreover, it is anticipated to grow at a significant CAGR of 4.43% during the forecast period. With over 23.39% share in the global electric hoist market, the Marinas & Shipyards was the second largest application market for global electric hoist in 2015, and is anticipated to grow at a slightly low CAGR of 4.12%, in terms of volume, during the forecast period.

Electric hoist Market Top Key Players:
- Kito
- Terex
- Hitachi Industrial
- Columbus McKinnon
- Konecranes
- Street Crane
- Ingersoll Rand
- ABUS
- Imer International
- TOYO
- Gorbel
- DAESAN
- Milwaukee Tool
- VERLINDE
- LIFTKET
- Li An Machinery
- DL Heavy Industry
- Nanyang Kairui
- Jiangsu Jiali
- Niukelun and others…

Explore Electric hoist Market Report @ https://www.reportsnreports.com/purchase.aspx?name=1930518

Segmentation by product type:
- Electric Chain Hoist
- Electric Wire Hoist
- Other Electric Hoist
Segmentation by application:
- Factories
- Construction Sites
- Marinas & Shipyards
- Mining & Excavating Operation
- Warehouse
- Others

This report also splits the market by region:
- Americas: United States, Canada, Mexico, Brazil
- APAC: China, Japan, Korea, Southeast Asia, India, Australia
- Europe: Germany, France, UK, Italy, Russia, Spain
- Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries

Research Objectives of The Report:
1) To study and analyse the global Electric hoist market size by key regions/countries, product type and application.
2) To understand the structure of Electric hoist market by identifying its various sub segments.
3) Focuses on the key global Electric hoist key players, to define, describe and analyse the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
4) To analyse the Electric hoist market with respect to individual growth trends, future prospects, and their contribution to the total market.
5) To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6) To project the size of Electric hoist submarkets, with respect to key regions (along with their respective key countries).
7) To analyse competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
8) To strategically profile the key players and comprehensively analyse their growth strategies.

Get Discount on Electric hoist Market Visit @
https://www.reportsnreports.com/contacts/discount.aspx?name=1930518

Table of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Electric hoist Consumption 2014-2024
2.1.2 Electric hoist Consumption CAGR by Region
2.2 Electric hoist Segment by Type
2.2.1 Electric Chain Hoist
2.2.2 Electric Wire Hoist
2.2.3 Other Electric Hoist
2.3 Electric hoist Consumption by Type and others…

About Us:
ReportsnReports.com provides market research reports to industries, individuals and organizations with an objective of helping them in their decision making process. Our library of 500,000+ industry & country research reports covers 5000+ micro markets. This comprehensive collection of market research reports include market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. Our research specialists & industry experts, through our market research offerings, ensure we deliver on all your business & industry research requirements - first time and every time!

Feel Free To :
E-mail Us at : sales@reportsandreports.com or
Call Us at : +1 8883915441

This release was published on openPR.