Electric Hoist Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Electric Hoist Market size is set to record a 5.2% CAGR from 2024 to 2032 spurred by a surge in new product launches.

Manufacturers are rolling out innovative designs, enhancing load capacity, safety features, and operational efficiency. These launches leverage advanced materials and technologies, boosting durability, minimizing maintenance, and offering precise control over lifting operations. Furthermore, there is a push for compact and lightweight designs, making electric hoists versatile for diverse industrial and construction needs. For example, in January 2023, Verlinde unveiled the EUROBLOC VF, a synthetic rope electric hoist range, adept at handling loads up to 20,000 kg, marking a leap in lifting efficiency and safety for heavy-duty industrial tasks.

The electric hoist industry is segmented into type, capacity (tons), end-use industry, application, distribution channel, and region.

The market share from the 5.1-10 capacity (tons) segment will record a decent growth rate between 2024 and 2032, due to the rising need for meeting the demand for heavy lifting across various sectors. These hoists are becoming more efficient for focusing on safety and durability to handle challenging tasks. They are also incorporating advanced technologies including precise load control systems and remote operation capabilities, ensuring that the operations requiring heavy lifting are conducted smoothly and with minimal risk.

In terms of distribution channel, the electric hoist market value from the direct sales segment is anticipated to witness a significant CAGR from 2024-2032, fueled by increasing consumer demand for enhancing customer engagement and expanding service offerings. This direct approach provides customers with tailored solutions and direct access to technical support, ensuring that their specific needs are being met efficiently. Companies are also continuing to streamline the sales process to offer personalized service and quicker response times.

North America electric hoist industry size will record a significant CAGR through 2032 largely due to globalization and expanding trade. Manufacturers are tailoring hoists to cater to the varied demands of a globally interconnected market. This adaptability is paving the way for versatile hoisting systems, adept at managing diverse loads across sectors, from manufacturing to logistics. As globalization and trade flourish, electric hoists solidify their role as pivotal tools for efficient and safe material handling in North America.

Product Code: 2638

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising industrial automation
  - 3.2.1.2 Growing infrastructure development
  - 3.2.1.3 Focus on safety and ergonomics
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Intense price competition
  - 3.2.2.2 Stringent safety regulations
3.3 Growth potential analysis
3.4 Technology development analysis
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Electric Hoist Market Estimates and Forecast, By Type, 2021-2032 (USD Billion) (Thousand Units)

5.1 Key trends
5.2 Chain
5.3 Wire

Chapter 6 Electric Hoist Market Estimates and Forecast, By Capacity (Tons), 2021-2032 (USD Billion) (Thousand Units)

6.1 Key trends
6.2 0.25-5.0
6.3 5.1-10
6.4 10.1-15
6.5 15.1-20
6.6 20.1-32

Chapter 7 Electric Hoist Market Estimates and Forecast, By End-Use Industry, 2021-2032 (USD Billion) (Thousand Units)

7.1 Key trends
7.2 Aerospace
7.3 Automotive and transportation
7.4 Construction
7.5 Energy
7.6 Marine and shipping
7.7 Transportation and logistics
7.8 Material handling
7.9 Oil and Gas
7.10 Agricultural and froestry
7.11 Others

Chapter 8 Electric Hoist Market Estimates and Forecast, By Application, 2021-2032 (USD Billion) (Thousand Units)

8.1 Key trends
8.2 Commercial recovery
8.3 Cranes
- 8.3.1 Fixed
- 8.3.2 Mobile
8.4 Workboat
8.5 Utility
8.6 Others

Chapter 9 Electric Hoist Market Estimates and Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Thousand Units)

9.1 Key trends
9.2 Direct sales
9.3 Indirect sales

Chapter 10 Electric Hoist Market Estimates and Forecast, By Region, 2021-2032 (USD Billion) (Thousand Units)

10.1 Key trends, by regions
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 ABUS Kransysteme GmbH
11.2 Columbus McKinnon
11.3 Crosby Group
11.4 Demag Cranes and Components GmbH
11.5 Hitachi Industrial Equipment Systems
11.6 IMER International SpA
11.7 Ingersoll Rand PLC
11.8 JASO Industrial Cranes
11.9 KITO Corporation
11.10 Konecranes
11.11 Kran Direkt GmbH and Co. KG
11.12 Street Crane Company Limited
11.13 Tianjing Kunda Hoisting Equipment Co., Ltd
11.14 Verlinde
11.15 Yale