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What's Driving the Hydraulic Hoist Market Trends? Top Manufacturers: Columbus McKinnon, Konecranes, Ingersoll Rand, Harrington Hoists, Inc., Tractel

06-19-2019 09:08 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Hydraulic Hoist Market

Hydraulic Hoist Market

Global Market Insights provides a detailed overview of Hydraulic Hoist market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Hydraulic Hoist market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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 Hydraulic Hoist Market at a decent CAGR till the projected period.

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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.

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 hydraulic hoist market growth.

Some of the primary players of global hydraulic hoist market include:
• OZ Lifting Products
• Vulcan Compagnie de Palans Ltee
• Tractel
• Venus Engineers
• Columbus McKinnon
• Ingersoll-Rand plc

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Electric hoist market, type by end-user
• Chain
o Metal processing
o Cement
o Automotive
o Chemical
o Mining
o Construction
o Others

• Lever
o Metal processing
o Cement
o Automotive
o Chemical
o Mining
o Construction
o Others

Hydraulic hoist market, by end-user
o Metal processing
o Cement
o Automotive
o Chemical
o Mining
o Construction
o Others

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.

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.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/hydraulic-hoist-market

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

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