Product Code: ETC13411322 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Crane , Hoist Market was valued at USD 33.8 Billion in 2024 and is expected to reach USD 47.1 Billion by 2031, growing at a compound annual growth rate of 7.10% during the forecast period (2025-2031).
The global crane and hoist market is witnessing steady growth driven by increasing construction and infrastructure development activities worldwide. The market is segmented based on type (mobile cranes, fixed cranes, etc.), end-user (construction, mining, manufacturing, etc.), and region. The Asia-Pacific region dominates the market due to rapid urbanization and industrialization in countries like China and India. North America and Europe also hold significant market shares, with a focus on technological advancements and safety regulations. Key players in the industry include Konecranes, Terex Corporation, and Cargotec, among others. The market is expected to continue growing as demand for efficient material handling equipment rises across various industries globally.
The Global Crane and Hoist market is witnessing a growing demand due to increasing construction activities, infrastructure development, and industrialization across various regions. Key trends in the market include the adoption of advanced technologies such as automation, IoT integration, and remote monitoring capabilities to enhance operational efficiency and safety. Additionally, there is a rising focus on sustainability and energy efficiency, leading to the development of eco-friendly crane and hoist solutions. Opportunities in the market lie in emerging economies where rapid urbanization and industrial growth are driving the demand for lifting equipment. Furthermore, the expansion of industries such as manufacturing, logistics, and transportation is expected to fuel the market growth. Companies that can offer innovative, reliable, and cost-effective solutions are likely to succeed in this competitive market landscape.
The Global Crane and Hoist Market faces several challenges, including intense competition among manufacturers leading to pricing pressures and margin erosion. Additionally, the market is highly dependent on economic conditions, with fluctuations impacting construction and industrial activities, thereby affecting the demand for cranes and hoists. Rapid technological advancements and the need for constant innovation also pose challenges for companies to stay competitive and meet changing customer requirements. Furthermore, regulatory requirements and safety standards add complexity to the market, requiring manufacturers to invest in compliance measures. Overall, companies in the Global Crane and Hoist Market need to navigate these challenges effectively to maintain growth and profitability in a competitive environment.
The global crane and hoist market is primarily driven by increasing construction and infrastructure development activities worldwide. The growing demand for high-rise buildings, smart cities, and industrial projects is fueling the need for efficient material handling equipment like cranes and hoists. Furthermore, the expansion of manufacturing and logistics industries, coupled with the rise in e-commerce activities, is boosting the market growth as these sectors heavily rely on cranes and hoists for material handling and warehouse operations. Technological advancements such as automation, remote monitoring, and safety features are also driving market growth by enhancing operational efficiency and ensuring workplace safety. Additionally, the focus on green construction practices and sustainability is prompting the adoption of energy-efficient and eco-friendly crane and hoist solutions, further propelling market expansion.
Government policies related to the Global Crane and Hoist Market vary by country but typically include regulations related to safety, environmental impact, and import/export restrictions. Many countries have strict safety standards in place to ensure the safe operation of cranes and hoists, with regular inspections and certification requirements. In terms of environmental impact, some governments have implemented policies to encourage the use of energy-efficient and eco-friendly equipment in an effort to reduce carbon emissions and promote sustainability. Import/export restrictions may also affect the market, with tariffs and trade agreements influencing the flow of cranes and hoists between countries. Overall, government policies play a significant role in shaping the regulatory environment for the Global Crane and Hoist Market, impacting manufacturers, suppliers, and end-users alike.
The global crane and hoist market is expected to witness significant growth in the coming years, driven by increasing construction activities, infrastructure development, and industrialization across regions. The adoption of advanced technologies like automation, IoT, and artificial intelligence in crane and hoist systems is also anticipated to propel market growth. The demand for efficient material handling solutions in industries such as manufacturing, logistics, and energy is further expected to drive the market expansion. Additionally, the focus on enhancing safety standards, reducing downtime, and improving operational efficiency through innovative crane and hoist solutions will contribute to market growth. With a growing emphasis on sustainability and energy efficiency, the market is likely to see the integration of eco-friendly and energy-efficient crane and hoist systems in the foreseeable future.
The global crane and hoist market is witnessing varied regional trends. Asia Pacific dominates the market due to rapid industrialization and infrastructural development in countries like China and India, driving the demand for cranes and hoists in sectors such as construction, manufacturing, and logistics. North America and Europe follow closely, fueled by ongoing technological advancements and the presence of established manufacturers. The Middle East and Africa region is experiencing growth in the construction sector, leading to an increasing adoption of cranes and hoists. Latin America is also showing promising growth prospects, primarily driven by infrastructure projects in countries like Brazil and Mexico. Overall, the global crane and hoist market is expected to grow steadily across all regions, with Asia Pacific maintaining its position as the key market driver.
Global Crane , 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 , Hoist Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Crane , Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Global Crane , Hoist Market - Industry Life Cycle |
3.4 Global Crane , Hoist Market - Porter's Five Forces |
3.5 Global Crane , Hoist Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Crane , Hoist Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Crane , Hoist Market Revenues & Volume Share, By Operations, 2021 & 2031F |
3.8 Global Crane , Hoist Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Global Crane , Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Crane , Hoist Market Trends |
6 Global Crane , Hoist Market, 2021 - 2031 |
6.1 Global Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Crane , Hoist Market, Revenues & Volume, By Mobile Cranes, 2021 - 2031 |
6.1.3 Global Crane , Hoist Market, Revenues & Volume, By Fixed Cranes, 2021 - 2031 |
6.2 Global Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Crane , Hoist Market, Revenues & Volume, By Hydraulic, 2021 - 2031 |
6.2.3 Global Crane , Hoist Market, Revenues & Volume, By Electric, 2021 - 2031 |
6.2.4 Global Crane , Hoist Market, Revenues & Volume, By Hybrid, 2021 - 2031 |
6.3 Global Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Crane , Hoist Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.3 Global Crane , Hoist Market, Revenues & Volume, By Shipping & Material Handling, 2021 - 2031 |
6.3.4 Global Crane , Hoist Market, Revenues & Volume, By Automotive & Railway, 2021 - 2031 |
6.3.5 Global Crane , Hoist Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.3.6 Global Crane , Hoist Market, Revenues & Volume, By Aerospace & Defense, 2021 - 2031 |
6.3.7 Global Crane , Hoist Market, Revenues & Volume, By Energy & Power, 2021 - 2031 |
7 North America Crane , Hoist Market, Overview & Analysis |
7.1 North America Crane , Hoist Market Revenues & Volume, 2021 - 2031 |
7.2 North America Crane , Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
7.5 North America Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
8 Latin America (LATAM) Crane , Hoist Market, Overview & Analysis |
8.1 Latin America (LATAM) Crane , Hoist Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Crane , Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
8.5 Latin America (LATAM) Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
9 Asia Crane , Hoist Market, Overview & Analysis |
9.1 Asia Crane , Hoist Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Crane , Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
9.5 Asia Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
10 Africa Crane , Hoist Market, Overview & Analysis |
10.1 Africa Crane , Hoist Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Crane , Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
10.5 Africa Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
11 Europe Crane , Hoist Market, Overview & Analysis |
11.1 Europe Crane , Hoist Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Crane , Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
11.5 Europe Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
12 Middle East Crane , Hoist Market, Overview & Analysis |
12.1 Middle East Crane , Hoist Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Crane , Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Crane , Hoist Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Crane , Hoist Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Crane , Hoist Market, Revenues & Volume, By Operations, 2021 - 2031 |
12.5 Middle East Crane , Hoist Market, Revenues & Volume, By Industry, 2021 - 2031 |
13 Global Crane , Hoist Market Key Performance Indicators |
14 Global Crane , Hoist Market - Export/Import By Countries Assessment |
15 Global Crane , Hoist Market - Opportunity Assessment |
15.1 Global Crane , Hoist Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Crane , Hoist Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Crane , Hoist Market Opportunity Assessment, By Operations, 2021 & 2031F |
15.4 Global Crane , Hoist Market Opportunity Assessment, By Industry, 2021 & 2031F |
16 Global Crane , Hoist Market - Competitive Landscape |
16.1 Global Crane , Hoist Market Revenue Share, By Companies, 2024 |
16.2 Global Crane , Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |