A detailed analysis of the Electric Hoist Market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the Electric Hoist Market report also contains information on the pivotal industry insights for core players to look out for.
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%.
End-user segmentation: The report claims that the End-user landscape of the Electric Hoist Market is subdivided into –
- Automotive & Transportation,
Important pointers encompassed pertaining to the End-user spectrum:
- Major details about the End-user spectrum are provided in the report.
- The study elaborates on the remuneration forecast of each of the End-user categories by the end of the anticipated duration.
- The market share which each of the End-user segments account are mentioned in the study.
- Also, the most proliferating trends that the End-user spectrum is characterized by are also entailed.
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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:
- Ingersoll-Rand plc
- Konecranes Oyj
- Columbus McKinnon
- Hitachi Industrial Equipment Systems Co., Ltd.
- KITO Group
- Komatsu Ltd.
- Reva Industries Ltd.
- SIGMA Hoist Company Pvt. Ltd.
- Harrington Hoists, Inc.
- Beta Max Hoist
- Terex Corporation
- ABUS Kransysteme GmbH
- SWF Krantechnik GmbH
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Electric Hoist Market for aerospace had key share of electric hoist 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.
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.
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