openPR Logo
Press release

Crane And Hoist Market Set to Reach $44.19 Billion by 2029 with 6.4% Yearly Growth

03-19-2025 09:33 AM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

Crane And Hoist Market

Crane And Hoist Market

What combination of drivers is leading to accelerated growth in the crane and hoist market?
The rising number of construction projects is set to drive the growth of the crane and hoist market. As urbanization increases and more infrastructure is built, cranes and hoists are essential to lift heavy materials and equipment during construction. For instance, in November 2023, the Office for National Statistics reported that new construction work in Great Britain reached a record high of $165.5 billion in 2022, driven by growth in both private and public construction sectors. As a result, increased construction activity is stimulating the crane and hoist market.

Get Your Crane And Hoist Market Report Here:
https://www.thebusinessresearchcompany.com/report/crane-and-hoist-global-market-report

What is the projected compound annual growth rate (CAGR) of the crane and hoist market from 2025 to 2034, and what factors influence it?
The crane and hoist market has experienced strong growth in recent years. It will grow from $32.33 billion in 2024 to $34.48 billion in 2025, reflecting a CAGR of 6.7%. The growth is attributed to the increasing demand for material handling in automotive, rising demand for heavy lifting in energy and power sectors, stricter safety regulations, and growing needs for heavy lifting in shipping and material handling.

The crane and hoist market is projected to grow steadily, reaching $44.19 billion by 2029 at a CAGR of 6.4%. Growth drivers include increased construction activity, expansion in aerospace and defense, the growth of the mining industry, higher demand for heavy lifting equipment, and rising shipbuilding and repair needs. Trends include advancements in material handling tools, infrastructure development, and ongoing technological upgrades.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16385&type=smp

How are the latest trends influencing the growth of the crane and hoist market?
In the crane and hoist market, companies are focusing on electric and hybrid cranes to offer advanced, eco-friendly solutions. These cranes use electric power or a combination of electric and alternative energy sources to reduce emissions and improve efficiency. In March 2024, Hiab, a Sweden-based load handling company, launched the HIAB WSPR electric hybrid crane, designed to operate with both a truck engine and an electric power take-off (ePTO). This crane reduces carbon emissions by up to 85%, operates quietly for use in low-emission zones, and offers up to 1-2 days of operation on a full charge.

What are the major segments of the crane and hoist market and their role in driving growth?
The crane and hoist market covered in this report is segmented -

1) By Type: Crane, Hoist
2) By Operation: Hydraulic, Electric, Hybrid
3) By Application: Construction, Transportation And Logistics, Marine, Oil And Gas, Mining, Agriculture, Other Applications

Subsegments:
1) By Crane: Bridge Cranes, Gantry Cranes, Jib Cranes, Tower Cranes, Overhead Cranes, Mobile Cranes
2) By Hoist: Electric Hoists, Manual Hoists, Pneumatic Hoists, Chain Hoists, Wire Rope Hoists

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16385

Which regions are key players in the growth of the crane and hoist market?
Asia-Pacific was the largest region in the crane and hoist market in 2024. The regions covered in the crane and hoist market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the crane and hoist market?
Major companies operating in the crane and hoist market are Kubota Corporation, Kobe Steel Ltd., Liebherr-International GmbH, Sany Group, Hitachi Construction Machinery Co. Ltd., Sumitomo Heavy Industries Ltd., Ingersoll Rand Inc., Zoomlion Heavy Industry Science & Technology Co. Ltd., Cargotec Corporation, Shanghai Zhenhua Heavy Industries Co. Ltd, ere*x Corporation, Konecranes, The Manitowoc Company Inc., PALFINGER AG, Tadano Ltd., Columbus McKinnon Corporation, Kito Corporation, Kobelco Construction Machineru USA Inc., Action Construction Equipment Ltd., ABUS Kransysteme GmbH, Wolffkran International AG, Gorbel Inc., STAHL CraneSystems GmbH, Street Crane Company Limited, XCMG Group

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16385&type=smp

What Is Covered In The Crane And Hoist Global Market Report?

•Market Size Forecast: Examine the crane and hoist market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the crane and hoist market for a structured understanding.
•Key Players Overview: Analyze major players in the crane and hoist market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the crane and hoist market.
•Segment Contributions: Evaluate how different segments drive overall growth in the crane and hoist market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the crane and hoist market.
•Industry Challenges: Identify potential risks and obstacles affecting the crane and hoist market.
•Competitive Landscape: Review strategic developments in the crane and hoist market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Crane And Hoist Market Set to Reach $44.19 Billion by 2029 with 6.4% Yearly Growth here

News-ID: 3923794 • Views:

More Releases from The Business Research Company

Membrane Air Dryer Market: Major Trends Reshaping the Future of the Industry
Membrane Air Dryer Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Membrane Air Dryer Industry Market Size Be by 2025? In recent times, the membrane air dryer market has seen a consistent growth pattern. Its size is predicted to increase from $1.55 billion in 2024, to a projected $1.63 billion in 2025, with a compound annual growth
Emerging Trends to Reshape the Liquid Powder And Specialty Coating Equipment Market: Advancements In Automatic Spray Guns For Enhanced Coating Efficiency And Quality as a Key Influencer
Emerging Trends to Reshape the Liquid Powder And Specialty Coating Equipment Mar …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Liquid Powder And Specialty Coating Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025? Over recent years, there has been a consistent expansion in the market size of liquid powder and specialty coating equipment, set to grow from $2.76 billion in 2024 to $2.86 billion
Heavy Duty Mixer Grinder Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Heavy Duty Mixer Grinder Market Landscape to 2034: Key Forces Shaping the Next D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Heavy Duty Mixer Grinder Market Size By 2025? In the past few years, the size of the heavy duty mixer grinder market has been expanding significantly. It's projected to swell from $4.61 billion in 2024 to $4.85 billion in 2025, flaunting a compound annual growth
2025-2034 Forklift Battery Charger Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 Forklift Battery Charger Market Evolution: Disruptions, Innovations, a …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Forklift Battery Charger Market Through 2025? The market size of the forklift battery charger has expanded significantly over the recent years. It is projected to rise from $1.88 billion in 2024 to $2.02 billion in 2025, at a compound annual growth rate

All 5 Releases


More Releases for Crane

Cranes Rental Market to See Revolutionary Growth | Bryson Crane, Crane Guys, Dep …
HTF MI recently introduced Global Cranes Rental Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Major companies in Cranes Rental Market are: Emerson Crane Rental (United Kingdom), Mammoet (Netherlands), NCSG (India), ALL Ere-ction & Crane Rental Corp (United
Crane Rental Service Market Company Share, Major Competitors, Regional Segments, …
WMR's latest released Crane Rental Service Market Report 2024-2031 provides an in-depth exploration of the trends, challenges, and opportunities within this dynamic market landscape. From enabling technological advancements to driving innovation and sustainability initiatives, the Crane Rental Service Market plays a pivotal role in shaping the modern world economy. The report throws light on the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the market. Industry
Mobile Crane Hire Services Market Size, Share, Growth, Overview, Price, Outlook, …
The Mobile Crane Hire Services Market research report offers crucial insights into how the industry is evolving, highlighting key drivers of growth and the main revenue streams expected between 2024 and 2031. It's like a compass guiding businesses through the complexities of the market, presenting not only the current landscape but also the latest innovations shaping its future. This report becomes a strategic ally for companies, stakeholders, and industry players,
Crane Rental Service Market Company Share, Major Competitors, Regional Segments, …
The Latest published market study on Crane Rental Service Market provides an overview of the current market dynamics as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2031.The study breaks the market by revenue and volume and price history to estimate the size and trends analysis and identify gaps and opportunities. This report aims to provide market intelligence and strategic insights to help
Crane Rental Service Market Demand and Competitive Analysis by Key Players to 20 …
A research report on the Crane Rental Service market by Infinity Business Insights forecasts a steady rate of expansion over the following years. The study, which is centered on 2023, offers an analysis of the global market's size, share, growth, trends, cost structure, and statistical data. The research provides a thorough picture of the market's situation at the moment, taking into account both traditional and modern trends, extensive financial and
Overhead Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis by …
According to our latest study on ""Overhead Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Installation, Operation Type, and Verticals "" the overhead cranes market is projected to grow from US$ 4,770.69 million in 2022 to US$ 7,221.24 million by 2028; it is estimated to record a CAGR of 7.2% from 2022 to 2028. For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/2296/overhead-cranes-market Growing Need