| Product Code: ETC5400736 | 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 |
In the Benin hoist market, the import trend showed significant growth from 2023 to 2024, with a growth rate of 82.52%. The compound annual growth rate (CAGR) for the period 2020-2024 was 18.61%. This surge in imports could be attributed to increased demand for hoisting equipment in various industries within Benin.

Benin's Hoist market is anticipated to experience a high growth rate of 12.30% by 2027, reflecting trends observed in the largest economy Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

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