| Product Code: ETC5910114 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Burkina Faso`s crane and hoist import market saw significant growth in 2024, with top exporting countries being China, Germany, Netherlands, Belgium, and India. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for competition. The impressive compound annual growth rate (CAGR) of 34.0% from 2020 to 2024 reflects a robust market demand. Notably, the growth rate spiked to 48.62% in 2024, indicating a surge in import activity. Stakeholders should closely monitor these trends to capitalize on emerging opportunities in Burkina Faso`s crane and hoist sector.
hoist market

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 Burkina Faso Crane , Hoist Market Overview |
3.1 Burkina Faso Country Macro Economic Indicators |
3.2 Burkina Faso Crane , Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Burkina Faso Crane , Hoist Market - Industry Life Cycle |
3.4 Burkina Faso Crane , Hoist Market - Porter's Five Forces |
3.5 Burkina Faso Crane , Hoist Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Burkina Faso Crane , Hoist Market Revenues & Volume Share, By Operations, 2021 & 2031F |
3.7 Burkina Faso Crane , Hoist Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Burkina Faso Crane , Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities and infrastructure development projects in Burkina Faso |
4.2.2 Growth in industrial sector leading to higher demand for material handling equipment |
4.2.3 Government initiatives to improve the country's transportation and logistics infrastructure |
4.3 Market Restraints |
4.3.1 Economic instability and fluctuating currency exchange rates |
4.3.2 Limited availability of skilled labor for operating and maintaining cranes and hoists |
4.3.3 High initial investment cost for purchasing and installing crane and hoist equipment |
5 Burkina Faso Crane , Hoist Market Trends |
6 Burkina Faso Crane , Hoist Market Segmentations |
6.1 Burkina Faso Crane , Hoist Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Burkina Faso Crane , Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.1.3 Burkina Faso Crane , Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.2 Burkina Faso Crane , Hoist Market, By Operations |
6.2.1 Overview and Analysis |
6.2.2 Burkina Faso Crane , Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Burkina Faso Crane , Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Burkina Faso Crane , Hoist Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3 Burkina Faso Crane , Hoist Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Burkina Faso Crane , Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Burkina Faso Crane , Hoist Market Revenues & Volume, By Shipping & Material Handling, 2021-2031F |
6.3.4 Burkina Faso Crane , Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.3.5 Burkina Faso Crane , Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.3.6 Burkina Faso Crane , Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.7 Burkina Faso Crane , Hoist Market Revenues & Volume, By Energy & Power, 2021-2031F |
7 Burkina Faso Crane , Hoist Market Import-Export Trade Statistics |
7.1 Burkina Faso Crane , Hoist Market Export to Major Countries |
7.2 Burkina Faso Crane , Hoist Market Imports from Major Countries |
8 Burkina Faso Crane , Hoist Market Key Performance Indicators |
8.1 Average utilization rate of cranes and hoists in Burkina Faso |
8.2 Number of infrastructure projects utilizing crane and hoist equipment |
8.3 Adoption rate of advanced technologies in crane and hoist systems |
9 Burkina Faso Crane , Hoist Market - Opportunity Assessment |
9.1 Burkina Faso Crane , Hoist Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Burkina Faso Crane , Hoist Market Opportunity Assessment, By Operations, 2021 & 2031F |
9.3 Burkina Faso Crane , Hoist Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Burkina Faso Crane , Hoist Market - Competitive Landscape |
10.1 Burkina Faso Crane , Hoist Market Revenue Share, By Companies, 2024 |
10.2 Burkina Faso 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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