Product Code: ETC13389306 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Hoist Market was valued at USD 2400 Billion in 2024 and is expected to reach USD 4000 Billion by 2031, growing at a compound annual growth rate of 7.20% during the forecast period (2025-2031).
The Global Hoist Market is experiencing steady growth driven by factors such as increasing construction activities, industrialization, and infrastructural development worldwide. Hoists are essential equipment in various industries for lifting and moving heavy objects, contributing to the market`s expansion. Technological advancements, such as the integration of IoT and automation in hoist systems, are further enhancing their efficiency and safety features, driving market growth. The market is also influenced by the growing demand for customized hoist solutions tailored to specific industry requirements. Key players in the Global Hoist Market include Konecranes, Columbus McKinnon Corporation, and Terex Corporation, among others, who are focusing on product innovation and strategic partnerships to maintain a competitive edge in the market. The market is expected to continue growing, with opportunities emerging from emerging economies and the increasing adoption of advanced hoist technologies.
The Global Hoist Market is experiencing strong growth due to increasing construction activities, industrialization, and advancements in technology. Key trends driving the market include the rising demand for high-capacity hoists in the construction sector, the adoption of electric hoists for efficiency and sustainability, and the integration of IoT and automation for improved safety and productivity. Opportunities in the market lie in the development of smart hoisting solutions, expansion into emerging markets with growing construction sectors, and the focus on product customization to meet specific industry requirements. The market is highly competitive, with key players focusing on product innovation and strategic partnerships to gain a competitive edge. Overall, the Global Hoist Market is poised for continued growth driven by technological advancements and increasing infrastructure development worldwide.
The Global Hoist Market faces several challenges, including intense competition from local and international manufacturers, fluctuating raw material prices affecting production costs, and a slowdown in infrastructure development projects in some regions. Additionally, stringent regulations and safety standards imposed by governments can increase manufacturing costs and hinder market growth. The industry also grapples with the need for continuous innovation to meet evolving customer demands for more efficient and technologically advanced hoisting equipment. Moreover, the COVID-19 pandemic has disrupted supply chains and caused delays in project timelines, impacting the overall demand for hoists. To stay competitive and overcome these challenges, companies in the Global Hoist Market must focus on product differentiation, cost optimization, and strategic partnerships to expand their market presence.
The Global Hoist Market is primarily driven by the growing construction and infrastructure development activities worldwide, increasing demand for material handling equipment across industries, and technological advancements in hoist systems enhancing efficiency and safety. The construction sector, particularly in emerging economies, has been witnessing significant growth, leading to a higher demand for hoists for lifting heavy materials and equipment. Additionally, industries such as manufacturing, mining, and transportation are also contributing to the market growth by requiring hoists for their operational processes. The integration of features like automation, remote monitoring, and advanced safety mechanisms in hoist systems is further propelling market expansion as companies seek to improve productivity and reduce accidents in their facilities.
Government policies related to the Global Hoist Market typically focus on ensuring product safety, quality standards, and environmental regulations. These policies often include certifications and standards that hoist manufacturers must adhere to, such as CE marking in Europe or OSHA regulations in the United States. Additionally, government initiatives may promote the use of energy-efficient hoists to reduce environmental impact and encourage sustainable practices in the industry. Import/export regulations and tariffs also play a significant role in shaping the global hoist market, impacting the cost and availability of hoist products across different regions. Overall, government policies aim to create a level playing field for manufacturers, protect consumer interests, and promote innovation and sustainability in the hoist market.
The Global Hoist Market is expected to witness steady growth in the coming years, driven by increasing infrastructure development projects, particularly in emerging economies, and the growing demand for material handling equipment across industries such as construction, manufacturing, and mining. Technological advancements, such as the integration of IoT and automation in hoist systems, are also expected to boost market growth by improving efficiency and safety. Additionally, the rising focus on worker safety regulations and the need for ergonomic lifting solutions are likely to further drive market expansion. However, factors such as high initial investment costs and maintenance expenses may pose challenges to market growth. Overall, the Global Hoist Market is projected to experience a positive trajectory in the foreseeable future, driven by ongoing industrialization and infrastructure development activities worldwide.
In the global hoist market, Asia Pacific is witnessing significant growth due to rapid industrialization and infrastructure development in countries like China and India. North America and Europe are mature markets with a strong presence of established players offering technologically advanced hoisting solutions. The Middle East and Africa region is experiencing growth in the construction and oil & gas sectors, driving the demand for hoists. Latin America is also a promising market, particularly in countries like Brazil and Mexico, where infrastructure projects are on the rise. Overall, the global hoist market is expected to continue growing, driven by increasing construction activities, industrialization, and the need for efficient material handling solutions across various industries in these regions.
Global 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 Hoist Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Global Hoist Market - Industry Life Cycle |
3.4 Global Hoist Market - Porter's Five Forces |
3.5 Global Hoist Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Hoist Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.8 Global Hoist Market Revenues & Volume Share, By Hoist Rope, 2021 & 2031F |
3.9 Global Hoist Market Revenues & Volume Share, By Capacity (LBS), 2021 & 2031F |
3.10 Global Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.11 Global Hoist Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.12 Global Hoist Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Hoist Market Trends |
6 Global Hoist Market, 2021 - 2031 |
6.1 Global Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Hoist Market, Revenues & Volume, By Planetary Gear, 2021 - 2031 |
6.1.3 Global Hoist Market, Revenues & Volume, By Worm Gear, 2021 - 2031 |
6.1.4 Global Hoist Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Hoist Market, Revenues & Volume, By Hydraulic, 2021 - 2031 |
6.2.3 Global Hoist Market, Revenues & Volume, By Electric, 2021 - 2031 |
6.2.4 Global Hoist Market, Revenues & Volume, By Pneumatic, 2021 - 2031 |
6.2.5 Global Hoist Market, Revenues & Volume, By Manual, 2021 - 2031 |
6.3 Global Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Hoist Market, Revenues & Volume, By Chain Hoist, 2021 - 2031 |
6.3.3 Global Hoist Market, Revenues & Volume, By Wire or Rope Hoist, 2021 - 2031 |
6.4 Global Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Hoist Market, Revenues & Volume, By Up to 1000 lbs, 2021 - 2031 |
6.4.3 Global Hoist Market, Revenues & Volume, By 1000 lbs to 2000 lbs, 2021 - 2031 |
6.4.4 Global Hoist Market, Revenues & Volume, By 2000 lbs to 4000 lbs, 2021 - 2031 |
6.4.5 Global Hoist Market, Revenues & Volume, By 4000 lbs to 6000 lbs, 2021 - 2031 |
6.4.6 Global Hoist Market, Revenues & Volume, By 6000 lbs to 8000 lbs, 2021 - 2031 |
6.4.7 Global Hoist Market, Revenues & Volume, By 8000 lbs to 10000 lbs, 2021 - 2031 |
6.4.8 Global Hoist Market, Revenues & Volume, By 10000 lbs to 12000 lbs, 2021 - 2031 |
6.4.9 Global Hoist Market, Revenues & Volume, By 12000 lbs to 16000 lbs, 2021 - 2031 |
6.5 Global Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Hoist Market, Revenues & Volume, By Commercial Recovery, 2021 - 2031 |
6.5.3 Global Hoist Market, Revenues & Volume, By Cranes, 2021 - 2031 |
6.5.4 Global Hoist Market, Revenues & Volume, By Fixed Cranes, 2021 - 2031 |
6.5.5 Global Hoist Market, Revenues & Volume, By Mobile Cranes, 2021 - 2031 |
6.5.6 Global Hoist Market, Revenues & Volume, By Workboats, 2021 - 2031 |
6.5.7 Global Hoist Market, Revenues & Volume, By Utility, 2021 - 2031 |
6.5.8 Global Hoist Market, Revenues & Volume, By Others (Military recovery, Stage maker, etc.), 2021 - 2031 |
6.6 Global Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.6.1 Overview & Analysis |
6.6.2 Global Hoist Market, Revenues & Volume, By Automotive & Railway, 2021 - 2031 |
6.6.3 Global Hoist Market, Revenues & Volume, By Aerospace & Defense, 2021 - 2031 |
6.6.4 Global Hoist Market, Revenues & Volume, By Transportation & Logistics, 2021 - 2031 |
6.6.5 Global Hoist Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.6.6 Global Hoist Market, Revenues & Volume, By Shipping & Marine, 2021 - 2031 |
6.6.7 Global Hoist Market, Revenues & Volume, By Material Handling, 2021 - 2031 |
6.6.8 Global Hoist Market, Revenues & Volume, By Agriculture & Forestry, 2021 - 2031 |
6.6.9 Global Hoist Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.7 Global Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.7.1 Overview & Analysis |
6.7.2 Global Hoist Market, Revenues & Volume, By Direct Sales, 2021 - 2031 |
6.7.3 Global Hoist Market, Revenues & Volume, By Indirect Sales, 2021 - 2031 |
7 North America Hoist Market, Overview & Analysis |
7.1 North America Hoist Market Revenues & Volume, 2021 - 2031 |
7.2 North America Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Hoist Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Hoist Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Hoist Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
7.5 North America Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
7.6 North America Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
7.7 North America Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
7.8 North America Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
7.9 North America Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Hoist Market, Overview & Analysis |
8.1 Latin America (LATAM) Hoist Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Hoist Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Hoist Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
8.5 Latin America (LATAM) Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
8.6 Latin America (LATAM) Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
8.7 Latin America (LATAM) Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
8.8 Latin America (LATAM) Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
8.9 Latin America (LATAM) Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Hoist Market, Overview & Analysis |
9.1 Asia Hoist Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Hoist Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Hoist Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
9.5 Asia Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
9.6 Asia Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
9.7 Asia Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
9.8 Asia Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
9.9 Asia Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Hoist Market, Overview & Analysis |
10.1 Africa Hoist Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Hoist Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Hoist Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
10.5 Africa Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
10.6 Africa Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
10.7 Africa Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
10.8 Africa Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
10.9 Africa Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Hoist Market, Overview & Analysis |
11.1 Europe Hoist Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Hoist Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Hoist Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
11.5 Europe Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
11.6 Europe Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
11.7 Europe Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
11.8 Europe Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
11.9 Europe Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Hoist Market, Overview & Analysis |
12.1 Middle East Hoist Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Hoist Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Hoist Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Hoist Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Hoist Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Hoist Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Hoist Market, Revenues & Volume, By Operation, 2021 - 2031 |
12.5 Middle East Hoist Market, Revenues & Volume, By Hoist Rope, 2021 - 2031 |
12.6 Middle East Hoist Market, Revenues & Volume, By Capacity (LBS), 2021 - 2031 |
12.7 Middle East Hoist Market, Revenues & Volume, By Application, 2021 - 2031 |
12.8 Middle East Hoist Market, Revenues & Volume, By End-use, 2021 - 2031 |
12.9 Middle East Hoist Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Hoist Market Key Performance Indicators |
14 Global Hoist Market - Export/Import By Countries Assessment |
15 Global Hoist Market - Opportunity Assessment |
15.1 Global Hoist Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Hoist Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
15.4 Global Hoist Market Opportunity Assessment, By Hoist Rope, 2021 & 2031F |
15.5 Global Hoist Market Opportunity Assessment, By Capacity (LBS), 2021 & 2031F |
15.6 Global Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
15.7 Global Hoist Market Opportunity Assessment, By End-use, 2021 & 2031F |
15.8 Global Hoist Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Hoist Market - Competitive Landscape |
16.1 Global Hoist Market Revenue Share, By Companies, 2024 |
16.2 Global Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |