| Product Code: ETC5910100 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for cranes and hoists in 2024 experienced a decline of -9.98% from the previous year, with a compound annual growth rate (CAGR) of 35.06% from 2020 to 2024. This negative growth could be attributed to shifts in demand dynamics or changes in trade policies affecting the market stability.

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 Armenia Crane , Hoist Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Crane , Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Crane , Hoist Market - Industry Life Cycle |
3.4 Armenia Crane , Hoist Market - Porter's Five Forces |
3.5 Armenia Crane , Hoist Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Crane , Hoist Market Revenues & Volume Share, By Operations, 2021 & 2031F |
3.7 Armenia Crane , Hoist Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Armenia Crane , Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Armenia leading to higher demand for cranes and hoists |
4.2.2 Government investments in infrastructure projects driving the market growth |
4.2.3 Adoption of advanced technologies in crane and hoist manufacturing improving product efficiency |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting manufacturing costs |
4.3.2 Limited availability of skilled labor for operating and maintaining cranes and hoists |
4.3.3 Stringent regulations and standards for crane and hoist safety compliance |
5 Armenia Crane , Hoist Market Trends |
6 Armenia Crane , Hoist Market Segmentations |
6.1 Armenia Crane , Hoist Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Crane , Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.1.3 Armenia Crane , Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.2 Armenia Crane , Hoist Market, By Operations |
6.2.1 Overview and Analysis |
6.2.2 Armenia Crane , Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Armenia Crane , Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Armenia Crane , Hoist Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3 Armenia Crane , Hoist Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Armenia Crane , Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Armenia Crane , Hoist Market Revenues & Volume, By Shipping & Material Handling, 2021-2031F |
6.3.4 Armenia Crane , Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.3.5 Armenia Crane , Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.3.6 Armenia Crane , Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.7 Armenia Crane , Hoist Market Revenues & Volume, By Energy & Power, 2021-2031F |
7 Armenia Crane , Hoist Market Import-Export Trade Statistics |
7.1 Armenia Crane , Hoist Market Export to Major Countries |
7.2 Armenia Crane , Hoist Market Imports from Major Countries |
8 Armenia Crane , Hoist Market Key Performance Indicators |
8.1 Average utilization rate of cranes and hoists in construction projects |
8.2 Rate of adoption of automation and IoT technologies in crane and hoist systems |
8.3 Number of new infrastructure projects announced or initiated in Armenia |
8.4 Maintenance and downtime costs for cranes and hoists |
8.5 Customer satisfaction and feedback on crane and hoist performance and reliability |
9 Armenia Crane , Hoist Market - Opportunity Assessment |
9.1 Armenia Crane , Hoist Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Crane , Hoist Market Opportunity Assessment, By Operations, 2021 & 2031F |
9.3 Armenia Crane , Hoist Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Armenia Crane , Hoist Market - Competitive Landscape |
10.1 Armenia Crane , Hoist Market Revenue Share, By Companies, 2024 |
10.2 Armenia Crane , Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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