Product Code: ETC429892 | Publication Date: Oct 2022 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Ghana Hoist Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at 6.78% in 2025, growth builds up to 9.19% by 2029.
In the Africa region, the Hoist market in Ghana is projected to expand at a growing growth rate of 6.53% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.
The Ghana hoist market is experiencing steady growth driven by increasing construction activities, industrial development, and infrastructure projects in the country. Hoists are widely used in various sectors such as construction, manufacturing, mining, and logistics for lifting and moving heavy loads efficiently. Key players in the market offer a range of hoists including electric chain hoists, wire rope hoists, and manual hoists to cater to different customer needs. The market is competitive with both local and international manufacturers vying for market share by offering innovative products, reliable service, and competitive pricing. Government initiatives to boost the manufacturing sector and improve infrastructure are expected to further drive the demand for hoists in Ghana, presenting opportunities for market growth and expansion in the coming years.
The Ghana hoist market is currently experiencing steady growth driven by increasing construction activities, infrastructure development, and industrial expansion in the country. Key trends in the market include a growing demand for technologically advanced and energy-efficient hoists, a shift towards rental and leasing services for hoisting equipment to reduce upfront costs, and a focus on safety features and compliance with regulations. The market is also witnessing a rise in the adoption of electric hoists over traditional manual or hydraulic hoists due to their higher efficiency and ease of operation. Additionally, the emergence of e-commerce platforms for the sale and purchase of hoisting equipment is providing customers with more options and convenience in sourcing hoists. Overall, the Ghana hoist market is poised for further growth with increasing investments in key sectors driving demand for hoisting solutions.
In the Ghana hoist market, several challenges are encountered. These include high initial investment costs for purchasing hoisting equipment, limited availability of skilled technicians for installation and maintenance, inconsistent power supply leading to potential downtime of hoists, and lack of awareness about the benefits of using hoists in various industries. Additionally, the market faces competition from low-cost alternatives and counterfeit products, which can affect the credibility and quality standards of hoists available in the market. Regulatory issues regarding safety standards and import restrictions also pose challenges for hoist manufacturers and distributors operating in Ghana. Overall, addressing these challenges through strategic partnerships, investment in training programs, and improving product quality and service offerings can help navigate the complexities of the Ghana hoist market.
The Ghana hoist market presents promising investment opportunities due to the country`s growing construction and mining industries. With increased infrastructure development projects and mining operations, there is a rising demand for hoisting equipment such as cranes, winches, and hoists. Investors can consider opportunities in supplying high-quality hoisting equipment to construction firms, mining companies, and industrial plants in Ghana. Additionally, there is potential for offering maintenance and repair services for existing hoists in the market. Collaborating with local distributors and establishing a strong distribution network can help investors capitalize on the expanding hoist market in Ghana and benefit from the country`s economic growth trajectory.
The Ghanaian government has implemented various policies to regulate the hoist market in the country. These policies focus on ensuring product safety, quality standards, and fair competition among hoist manufacturers and suppliers. One key regulation is the requirement for hoist products to meet specific technical standards and certifications to guarantee their reliability and safety. Additionally, the government has established import regulations and tariffs to protect local manufacturers and promote domestic production of hoists. These policies aim to create a level playing field for both local and international hoist suppliers operating in Ghana while prioritizing consumer safety and supporting the growth of the domestic hoist industry.
The Ghana hoist market is expected to experience steady growth in the coming years, driven by infrastructure development projects, industrial expansion, and the increasing adoption of advanced lifting equipment across various sectors such as construction, manufacturing, and mining. The government`s focus on improving the country`s infrastructure, coupled with the rising demand for efficient material handling solutions, is likely to fuel the demand for hoists in Ghana. Additionally, technological advancements in hoist systems, such as automation, remote monitoring, and safety features, are expected to further drive market growth. Market players are likely to invest in product innovation and strategic partnerships to capitalize on the growing opportunities in the Ghana hoist market, making it a promising sector for both local and international manufacturers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Hoist Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Hoist Market - Industry Life Cycle |
3.4 Ghana Hoist Market - Porter's Five Forces |
3.5 Ghana Hoist Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Ghana Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Ghana Hoist Market Revenues & Volume Share, By Hoist Rope, 2021 & 2031F |
3.8 Ghana Hoist Market Revenues & Volume Share, By Capacity (LBS), 2021 & 2031F |
3.9 Ghana Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Ghana Hoist Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.11 Ghana Hoist Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Ghana Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Hoist Market Trends |
6 Ghana Hoist Market, By Types |
6.1 Ghana Hoist Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Hoist Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Ghana Hoist Market Revenues & Volume, By Planetary Gear, 2021 - 2031F |
6.1.4 Ghana Hoist Market Revenues & Volume, By Worm Gear, 2021 - 2031F |
6.1.5 Ghana Hoist Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Ghana Hoist Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Ghana Hoist Market Revenues & Volume, By Hydraulic, 2021 - 2031F |
6.2.3 Ghana Hoist Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.4 Ghana Hoist Market Revenues & Volume, By Pneumatic, 2021 - 2031F |
6.2.5 Ghana Hoist Market Revenues & Volume, By Manual, 2021 - 2031F |
6.3 Ghana Hoist Market, By Hoist Rope |
6.3.1 Overview and Analysis |
6.3.2 Ghana Hoist Market Revenues & Volume, By Chain Hoist, 2021 - 2031F |
6.3.3 Ghana Hoist Market Revenues & Volume, By Wire or Rope Hoist, 2021 - 2031F |
6.4 Ghana Hoist Market, By Capacity (LBS) |
6.4.1 Overview and Analysis |
6.4.2 Ghana Hoist Market Revenues & Volume, By Up to 1000 lbs, 2021 - 2031F |
6.4.3 Ghana Hoist Market Revenues & Volume, By 1000 lbs to 2000 lbs, 2021 - 2031F |
6.4.4 Ghana Hoist Market Revenues & Volume, By 2000 lbs to 4000 lbs, 2021 - 2031F |
6.4.5 Ghana Hoist Market Revenues & Volume, By 4000 lbs to 6000 lbs, 2021 - 2031F |
6.4.6 Ghana Hoist Market Revenues & Volume, By 6000 lbs to 8000 lbs, 2021 - 2031F |
6.4.7 Ghana Hoist Market Revenues & Volume, By 8000 lbs to 10000 lbs, 2021 - 2031F |
6.4.8 Ghana Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021 - 2031F |
6.4.9 Ghana Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021 - 2031F |
6.5 Ghana Hoist Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Ghana Hoist Market Revenues & Volume, By Commercial Recovery, 2021 - 2031F |
6.5.3 Ghana Hoist Market Revenues & Volume, By Cranes, 2021 - 2031F |
6.5.4 Ghana Hoist Market Revenues & Volume, By Fixed Cranes, 2021 - 2031F |
6.5.5 Ghana Hoist Market Revenues & Volume, By Mobile Cranes, 2021 - 2031F |
6.5.6 Ghana Hoist Market Revenues & Volume, By Workboats, 2021 - 2031F |
6.5.7 Ghana Hoist Market Revenues & Volume, By Utility, 2021 - 2031F |
6.6 Ghana Hoist Market, By End-use |
6.6.1 Overview and Analysis |
6.6.2 Ghana Hoist Market Revenues & Volume, By Automotive & Railway, 2021 - 2031F |
6.6.3 Ghana Hoist Market Revenues & Volume, By Aerospace & Defense, 2021 - 2031F |
6.6.4 Ghana Hoist Market Revenues & Volume, By Transportation & Logistics, 2021 - 2031F |
6.6.5 Ghana Hoist Market Revenues & Volume, By Construction, 2021 - 2031F |
6.6.6 Ghana Hoist Market Revenues & Volume, By Shipping & Marine, 2021 - 2031F |
6.6.7 Ghana Hoist Market Revenues & Volume, By Material Handling, 2021 - 2031F |
6.6.8 Ghana Hoist Market Revenues & Volume, By Mining, 2021 - 2031F |
6.6.9 Ghana Hoist Market Revenues & Volume, By Mining, 2021 - 2031F |
6.7 Ghana Hoist Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Ghana Hoist Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.7.3 Ghana Hoist Market Revenues & Volume, By Indirect Sales, 2021 - 2031F |
7 Ghana Hoist Market Import-Export Trade Statistics |
7.1 Ghana Hoist Market Export to Major Countries |
7.2 Ghana Hoist Market Imports from Major Countries |
8 Ghana Hoist Market Key Performance Indicators |
9 Ghana Hoist Market - Opportunity Assessment |
9.1 Ghana Hoist Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Ghana Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Ghana Hoist Market Opportunity Assessment, By Hoist Rope, 2021 & 2031F |
9.4 Ghana Hoist Market Opportunity Assessment, By Capacity (LBS), 2021 & 2031F |
9.5 Ghana Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Ghana Hoist Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.7 Ghana Hoist Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Ghana Hoist Market - Competitive Landscape |
10.1 Ghana Hoist Market Revenue Share, By Companies, 2024 |
10.2 Ghana Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |