Global Electric Hoist Market
is expected to grow at a significant CAGR in the upcoming years as the scope
and its applications are rising enormously across the globe. A hoist is
equipment used for lifting or lowering a load with the help of a drum or
lift-wheel. The rope or chain is wrapped around the equipment. It can be
operated electrically. Electric hoist is mounted on the overhead cranes, jib
cranes, or gantry cranes. The lifting height is from 3 to 30 meters whereas;
capacity is normally from 0.3 to 80 tons. This equipment consists of
transmission and rolls or sprockets, and motor.
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Small size electric hoist are
light weight, have easy to use features, simple operation, and primarily used
in mining and industrial enterprises and storage terminals. Exclusively used
for lifting heavy items quickly and effectively. In addition, this equipment
can be used for both industrial scale and smaller scale uses.
On the basis of product, this report displays the production, revenue,
price, market share and growth rate of each type, primarily split into
• Electric Chain Hoist
• Electric Wire Rope Hoist
On the basis on the end users/applications, this report focuses on the
status and outlook for major applications/end users, consumption (sales),
market share and growth rate of Electric Hoist for each application, including
• Factories
• Factories
• Construction Sites
• Others
The factors that are playing a
major role in the growth of Electric Hoist Industry are raised productivity,
higher load capacity, cost-effective, its versatility, less noise, and higher
durability. Electric Hoist Market is segmented based on type, applications, and
region. Types such as Electric Wire Rope Hoist, Electric Chain Hoist, and
others classify Electric Hoist Market. Applications into Warehouse, Factories,
Mining & Excavating Operation, Construction Sites, Marinas & Shipyards,
and others classify Electric Hoist Market. Electric Hoist Market is segmented
geographically into Americas (North America, South America), Europe (Eastern
Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
The key players of Electric
Hoist Market are Shanghai Shuangdiao, Kito, Beijing Lingying, Terex, Shanghai
Yiying, Hitachi Industrial, Chang Day, Columbus McKinnon, ChongqingShanyan,
Konecranes, TBM, Street Crane, Chi Zong Machine, Ingersoll Rand, Niukelun,
ABUS, VERLINDE, DL Heavy Industry, Nanyang Kairui, Milwaukee Tool, DAESAN,
Jiangsu Jiali, TOYO, and LIFTKET. These players are concentrating on inorganic
growth to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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