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Electric Hoist Market Trends Analysis to 2025 | Hitachi Industrial, Konecranes, Columbus McKinnon, Harrington Hoist, ABUS Kransysteme, Coffing Hoist, Milwaukee
Electric Hoist Market
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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 in Asia Pacific would reach more than USD 950.0 million till close of 2025, increasing at CAGR more than 7.5%.
Electric Hoist Market will exceed USD 3.2 billion; according to a new research report. 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.
Electric Hoist Market, by end-user:
1. Aerospace
2. Automotive & transportation
3. Construction
4. Energy
5. Marine
6. Others
Global electric hoist market for aerospace had key share of market by end of 2017, and would reach USD 860.0 million till 2025, rising at CAGR more than 7.7% by end of forecast timespan.
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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.
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.
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.
Related News: http://www.globenewswire.com/news-release/2018/06/06/1517461/0/en/Electric-Hoist-Market-to-surpass-3-4bn-by-2025-Global-Market-Insights-Inc.html
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