| Product Code: ETC5400729 | 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 the hoist market showed a decline from 2023 to 2024, with a growth rate of -9.98%. However, the compound annual growth rate (CAGR) for the period of 2020-2024 was notable at 35.06%. This decline in 2024 could be attributed to a temporary shift in demand, changes in trade policies, or market fluctuations affecting import momentum.

Armenia's Hoist market is anticipated to experience a high growth rate of 13.21% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

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 Hoist Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Hoist Market - Industry Life Cycle |
3.4 Armenia Hoist Market - Porter's Five Forces |
3.5 Armenia Hoist Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Armenia Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Armenia Hoist Market Revenues & Volume Share, By Hoist Rope, 2021 & 2031F |
3.8 Armenia Hoist Market Revenues & Volume Share, By Capacity (LBS), 2021 & 2031F |
3.9 Armenia Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Armenia Hoist Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.11 Armenia Hoist Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Armenia Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Armenia leading to increased demand for hoists |
4.2.2 Government investments in infrastructure projects driving the hoist market |
4.2.3 Technological advancements in hoist equipment improving efficiency and safety |
4.3 Market Restraints |
4.3.1 Economic instability in Armenia impacting investment in construction projects |
4.3.2 Lack of skilled labor for operating and maintaining hoists |
4.3.3 Stringent regulations and compliance requirements affecting market growth |
5 Armenia Hoist Market Trends |
6 Armenia Hoist Market Segmentations |
6.1 Armenia Hoist Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Hoist Market Revenues & Volume, By Planetary Gear, 2021-2031F |
6.1.3 Armenia Hoist Market Revenues & Volume, By Worm Gear, 2021-2031F |
6.1.4 Armenia Hoist Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Hoist Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Armenia Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Armenia Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Armenia Hoist Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.5 Armenia Hoist Market Revenues & Volume, By Manual, 2021-2031F |
6.3 Armenia Hoist Market, By Hoist Rope |
6.3.1 Overview and Analysis |
6.3.2 Armenia Hoist Market Revenues & Volume, By Chain Hoist, 2021-2031F |
6.3.3 Armenia Hoist Market Revenues & Volume, By Wire or Rope Hoist, 2021-2031F |
6.4 Armenia Hoist Market, By Capacity (LBS) |
6.4.1 Overview and Analysis |
6.4.2 Armenia Hoist Market Revenues & Volume, By Up to 1000 lbs, 2021-2031F |
6.4.3 Armenia Hoist Market Revenues & Volume, By 1000 lbs to 2000 lbs, 2021-2031F |
6.4.4 Armenia Hoist Market Revenues & Volume, By 2000 lbs to 4000 lbs, 2021-2031F |
6.4.5 Armenia Hoist Market Revenues & Volume, By 4000 lbs to 6000 lbs, 2021-2031F |
6.4.6 Armenia Hoist Market Revenues & Volume, By 6000 lbs to 8000 lbs, 2021-2031F |
6.4.7 Armenia Hoist Market Revenues & Volume, By 8000 lbs to 10000 lbs, 2021-2031F |
6.4.8 Armenia Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.4.9 Armenia Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.5 Armenia Hoist Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Armenia Hoist Market Revenues & Volume, By Commercial Recovery, 2021-2031F |
6.5.3 Armenia Hoist Market Revenues & Volume, By Cranes, 2021-2031F |
6.5.4 Armenia Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.5.5 Armenia Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.5.6 Armenia Hoist Market Revenues & Volume, By Workboats, 2021-2031F |
6.5.7 Armenia Hoist Market Revenues & Volume, By Utility, 2021-2031F |
6.6 Armenia Hoist Market, By End-use |
6.6.1 Overview and Analysis |
6.6.2 Armenia Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.6.3 Armenia Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6.4 Armenia Hoist Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.6.5 Armenia Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.6.6 Armenia Hoist Market Revenues & Volume, By Shipping & Marine, 2021-2031F |
6.6.7 Armenia Hoist Market Revenues & Volume, By Material Handling, 2021-2031F |
6.6.8 Armenia Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.6.9 Armenia Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.7 Armenia Hoist Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Armenia Hoist Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.7.3 Armenia Hoist Market Revenues & Volume, By Indirect Sales, 2021-2031F |
7 Armenia Hoist Market Import-Export Trade Statistics |
7.1 Armenia Hoist Market Export to Major Countries |
7.2 Armenia Hoist Market Imports from Major Countries |
8 Armenia Hoist Market Key Performance Indicators |
8.1 Average utilization rate of hoists in construction projects |
8.2 Rate of adoption of advanced hoist technologies in the market |
8.3 Number of infrastructure projects in the pipeline that require hoist equipment |
9 Armenia Hoist Market - Opportunity Assessment |
9.1 Armenia Hoist Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Armenia Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Armenia Hoist Market Opportunity Assessment, By Hoist Rope, 2021 & 2031F |
9.4 Armenia Hoist Market Opportunity Assessment, By Capacity (LBS), 2021 & 2031F |
9.5 Armenia Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Armenia Hoist Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.7 Armenia Hoist Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Armenia Hoist Market - Competitive Landscape |
10.1 Armenia Hoist Market Revenue Share, By Companies, 2024 |
10.2 Armenia 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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