Product Code: ETC13317433 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Crane and Hoist Market was valued at USD 33 Billion in 2024 and is expected to reach USD 47.46 Billion by 2031, growing at a compound annual growth rate of 5.30% during the forecast period (2025-2031).
The Global Crane and Hoist Market is experiencing steady growth driven by various industries such as construction, manufacturing, and logistics. The market encompasses a wide range of products including mobile cranes, tower cranes, overhead cranes, and hoists, catering to diverse lifting and material handling requirements. Increasing urbanization, infrastructure development projects, and the expansion of industrial facilities are key factors propelling market growth. Additionally, advancements in technology such as automation, remote operation, and IoT integration are enhancing the efficiency and safety of crane and hoist systems. Geographically, Asia Pacific dominates the market due to rapid industrialization and urban development in countries like China and India. Key players in the market are focusing on product innovation, strategic partnerships, and acquisitions to gain a competitive edge in this dynamic industry.
The Global Crane and Hoist Market is experiencing significant growth driven by increasing construction activities, infrastructure development, and the expansion of industrial sectors worldwide. Technological advancements such as the integration of IoT and automation in crane and hoist systems are enhancing efficiency and safety, leading to a rise in demand. The market is also witnessing a shift towards electric and hybrid cranes to reduce environmental impact and operating costs. Additionally, the growing trend of rental services for cranes and hoists is providing lucrative opportunities for market players. With the emphasis on sustainable practices and the need for advanced lifting solutions, the Global Crane and Hoist Market is poised for continued expansion and innovation in the coming years.
The Global Crane and Hoist Market faces several challenges including the impact of economic fluctuations on construction activities, stringent regulations regarding worker safety, and the need for continuous innovation to meet evolving customer demands. Additionally, the market is highly competitive with numerous players offering similar products, leading to pricing pressures and margin erosion. Rising raw material costs and supply chain disruptions also pose challenges to crane and hoist manufacturers. Furthermore, the industry is experiencing a shift towards sustainability and energy efficiency, requiring companies to invest in eco-friendly technologies to stay relevant in the market. Overall, companies in the Global Crane and Hoist Market need to navigate these challenges effectively to maintain their competitive edge and profitability.
The Global Crane and Hoist Market is primarily driven by the increasing demand for construction and infrastructure development projects worldwide. The growing urbanization, industrialization, and investments in major infrastructure projects such as airports, railways, and ports are fueling the need for efficient lifting equipment like cranes and hoists. Additionally, the rise in the adoption of advanced technologies such as automation, IoT, and remote monitoring in crane and hoist systems is driving market growth by improving operational efficiency, safety, and productivity. The focus on enhancing workplace safety standards and regulations is also propelling the market as companies seek reliable lifting solutions to ensure worker safety and compliance. Overall, the market is expected to continue its growth trajectory due to ongoing construction activities and industrial expansion globally.
Government policies related to the Global Crane and Hoist Market vary by country and region but generally focus on safety regulations, environmental standards, and trade policies. Many countries have strict safety guidelines in place to ensure the proper operation of cranes and hoists to prevent accidents and protect workers. Additionally, there is an increasing emphasis on environmental sustainability, leading to regulations promoting energy-efficient crane and hoist technologies. Trade policies also play a significant role in the market, with tariffs and import/export restrictions affecting the flow of crane and hoist equipment across borders. Overall, government policies in the Global Crane and Hoist Market aim to balance safety, environmental concerns, and trade considerations to promote a competitive and sustainable industry.
The Global Crane and Hoist Market is expected to witness steady growth in the coming years due to increasing investments in infrastructure development, construction projects, and industrial activities across various sectors. The market is projected to be driven by advancements in technology, such as the integration of IoT and automation in crane and hoist systems, leading to improved efficiency and safety. Additionally, the growing demand for high-capacity cranes in the energy and utility sectors, as well as the expansion of manufacturing facilities globally, will contribute to the market`s growth. However, factors like stringent regulations and safety standards, as well as the impact of the COVID-19 pandemic on project timelines and budgets, may pose challenges to market expansion. Overall, the Global Crane and Hoist Market is anticipated to show resilience and potential for growth in the foreseeable future.
In the Global Crane and Hoist Market, Asia is expected to witness significant growth driven by rapid urbanization and industrialization in countries like China and India. North America is anticipated to show steady growth due to ongoing infrastructure development projects. Europe is expected to see moderate growth supported by investments in construction and manufacturing sectors. The Middle East and Africa region is likely to experience growth due to increasing construction activities and investments in oil and gas industries. Latin America is forecasted to have a stable growth rate, with the mining and construction sectors driving demand for cranes and hoists. Overall, emerging economies in Asia and Africa are expected to be key growth markets, while developed regions like North America and Europe will continue to offer opportunities for market players.
Global Crane and 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 Global Crane and Hoist Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Crane and Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Global Crane and Hoist Market - Industry Life Cycle |
3.4 Global Crane and Hoist Market - Porter's Five Forces |
3.5 Global Crane and Hoist Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Crane and Hoist Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Crane and Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.8 Global Crane and Hoist Market Revenues & Volume Share, By Hoist, 2021 & 2031F |
3.9 Global Crane and Hoist Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Global Crane and Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Crane and Hoist Market Trends |
6 Global Crane and Hoist Market, 2021 - 2031 |
6.1 Global Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Crane and Hoist Market, Revenues & Volume, By Mobile, 2021 - 2031 |
6.1.3 Global Crane and Hoist Market, Revenues & Volume, By Fixed, 2021 - 2031 |
6.2 Global Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Crane and Hoist Market, Revenues & Volume, By Hydraulic, 2021 - 2031 |
6.2.3 Global Crane and Hoist Market, Revenues & Volume, By Electric, 2021 - 2031 |
6.2.4 Global Crane and Hoist Market, Revenues & Volume, By Hybrid, 2021 - 2031 |
6.3 Global Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
6.3.3 Global Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
6.3.4 Global Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.3.5 Global Crane and Hoist Market, Revenues & Volume, By Region, 2021 - 2031 |
6.4 Global Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Crane and Hoist Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.4.3 Global Crane and Hoist Market, Revenues & Volume, By Shipping & Material Handling, 2021 - 2031 |
6.4.4 Global Crane and Hoist Market, Revenues & Volume, By Automotive & Railway, 2021 - 2031 |
6.4.5 Global Crane and Hoist Market, Revenues & Volume, By Aerospace & Defense, 2021 - 2031 |
6.4.6 Global Crane and Hoist Market, Revenues & Volume, By Energy & Power, 2021 - 2031 |
6.4.7 Global Crane and Hoist Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.4.8 Global Crane and Hoist Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Crane and Hoist Market, Overview & Analysis |
7.1 North America Crane and Hoist Market Revenues & Volume, 2021 - 2031 |
7.2 North America Crane and Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
7.5 North America Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
7.6 North America Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
8 Latin America (LATAM) Crane and Hoist Market, Overview & Analysis |
8.1 Latin America (LATAM) Crane and Hoist Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Crane and Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
8.5 Latin America (LATAM) Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
8.6 Latin America (LATAM) Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
9 Asia Crane and Hoist Market, Overview & Analysis |
9.1 Asia Crane and Hoist Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Crane and Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
9.5 Asia Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
9.6 Asia Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
10 Africa Crane and Hoist Market, Overview & Analysis |
10.1 Africa Crane and Hoist Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Crane and Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
10.5 Africa Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
10.6 Africa Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
11 Europe Crane and Hoist Market, Overview & Analysis |
11.1 Europe Crane and Hoist Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Crane and Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
11.5 Europe Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
11.6 Europe Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
12 Middle East Crane and Hoist Market, Overview & Analysis |
12.1 Middle East Crane and Hoist Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Crane and Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Crane and Hoist Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Crane and Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Crane and Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
12.5 Middle East Crane and Hoist Market, Revenues & Volume, By Hoist, 2021 - 2031 |
12.6 Middle East Crane and Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
13 Global Crane and Hoist Market Key Performance Indicators |
14 Global Crane and Hoist Market - Export/Import By Countries Assessment |
15 Global Crane and Hoist Market - Opportunity Assessment |
15.1 Global Crane and Hoist Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Crane and Hoist Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Crane and Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
15.4 Global Crane and Hoist Market Opportunity Assessment, By Hoist, 2021 & 2031F |
15.5 Global Crane and Hoist Market Opportunity Assessment, By Industry, 2021 & 2031F |
16 Global Crane and Hoist Market - Competitive Landscape |
16.1 Global Crane and Hoist Market Revenue Share, By Companies, 2024 |
16.2 Global Crane and Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |