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Research to Claim USD 4624.4 Mn for Hoists Market by 2028

A hoist is a mechanical device for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload.

A basic hoist is defined by two chief characteristics. The first is the lifting medium, which may be a wire rope wrapped around a drum or a chain raised by a pulley. The second is the type of power utilized by the hoist. Common power-sources are hydraulics, electricity, air driven motors, and, in the case of a manual hoist, muscle power.

Due to the COVID-19 pandemic, the global Hoists market size is estimated to be worth US$ 3828.1 million in 2022 and is forecast to a readjusted size of US$ 4624.4 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Manual Hoists accounting for % of the Hoists global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Factories segment is altered to an % CAGR throughout this forecast period.

In South Korea, Hoists key players include DAESAN, KUKDONG HOIST, KOREA HOIST, Daekyung, Nihon Dempa KogyoHyundai Hoist, etc. Global top five manufacturers hold a share nearly 65%.

In terms of product, Manual Hoists is the largest segment, with a share over 60%. And in terms of application, the largest application is Factories, followed by Construction Sites, Mining and Excavating Operation, Marinas and Shipyards, etc.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Manual Hoists
  • Electric Hoists
  • Air Hoists
  • Hydraulic Hoists

Segment by Application

  • Factories
  • Construction Sites
  • Marinas and Shipyards
  • Mining and Excavating Operation
  • Warehouse
  • Others

By Company

  • Columbus Mckinnon
  • Kito
  • Terex
  • Konecranes
  • Ingersoll Rand
  • Tractel
  • Planeta
  • Hitachi
  • Kawasaki
  • Toyo
  • Imer International
  • Daesan
  • Endo Kogyo
  • Shanghai Yiying
  • Xi’an Liba
  • Tbm
  • Zhejiang Wuyi Machinery
  • Beijing Lingying
  • Nanjing Jingming
  • Nucleon (Xinxiang)
  • Dl Heavy
  • Mode
  • Cheng Day
  • Korea Hoist
  • Kukdong Hoist
  • Samsung Hoist
  • Lk Hoist & Crane
  • Daekyung
  • Nihon Dempa Kogyohyundai Hoist
  • Zhejiang Hand Hoist

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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