Press release
Electric Hoist Market 2019-2024 | Global Players Konecranes, Ingersoll Rand, Terex Corporation, Columbus McKinnon.
Electric Hoist Market
Electric Hoist Market will exceed USD 3.2 billion. 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 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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Ingersoll-Rand plc
2. Konecranes Oyj
3. Columbus McKinnon
4. Hitachi Industrial Equipment Systems Co., Ltd.
5. KITO Group
6. Komatsu Ltd.
7. Reva Industries Ltd.
8. SIGMA Hoist Company Pvt. Ltd.
9. Harrington Hoists, Inc.
10. Beta Max Hoist
11. Terex Corporation
12. ABUS Kransysteme GmbH
13. SWF Krantechnik GmbH
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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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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