| Product Code: ETC5400794 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Maldives continues to see a significant influx of hoist import shipments, with top exporting countries including India, China, Singapore, UAE, and Japan driving the market in 2024. The market concentration, as measured by the HHI, has intensified from high to very high in 2024, indicating a more consolidated market landscape. With a remarkable compound annual growth rate (CAGR) of 33.69% from 2020 to 2024 and a notable growth rate of 55.71% in 2023-24, the hoist import market in the Maldives is experiencing rapid expansion and attracting strong competition from key exporting nations.
Maldives's Hoist market is anticipated to experience a exponential growth rate of 17.38% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

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 Maldives Hoist Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Hoist Market - Industry Life Cycle |
3.4 Maldives Hoist Market - Porter's Five Forces |
3.5 Maldives Hoist Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Maldives Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Maldives Hoist Market Revenues & Volume Share, By Hoist Rope, 2021 & 2031F |
3.8 Maldives Hoist Market Revenues & Volume Share, By Capacity (LBS), 2021 & 2031F |
3.9 Maldives Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Maldives Hoist Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.11 Maldives Hoist Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in the Maldives leading to a higher demand for hoists. |
4.2.2 Growth in tourism industry driving the development of new hotels and resorts requiring hoists for construction and maintenance. |
4.2.3 Government initiatives to improve infrastructure and boost economic growth, creating opportunities for hoist market expansion. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with hoists may hinder market growth. |
4.3.2 Limited availability of skilled labor for operating and maintaining hoists in the Maldives. |
5 Maldives Hoist Market Trends |
6 Maldives Hoist Market Segmentations |
6.1 Maldives Hoist Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Hoist Market Revenues & Volume, By Planetary Gear, 2021-2031F |
6.1.3 Maldives Hoist Market Revenues & Volume, By Worm Gear, 2021-2031F |
6.1.4 Maldives Hoist Market Revenues & Volume, By Others, 2021-2031F |
6.2 Maldives Hoist Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Maldives Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Maldives Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Maldives Hoist Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.5 Maldives Hoist Market Revenues & Volume, By Manual, 2021-2031F |
6.3 Maldives Hoist Market, By Hoist Rope |
6.3.1 Overview and Analysis |
6.3.2 Maldives Hoist Market Revenues & Volume, By Chain Hoist, 2021-2031F |
6.3.3 Maldives Hoist Market Revenues & Volume, By Wire or Rope Hoist, 2021-2031F |
6.4 Maldives Hoist Market, By Capacity (LBS) |
6.4.1 Overview and Analysis |
6.4.2 Maldives Hoist Market Revenues & Volume, By Up to 1000 lbs, 2021-2031F |
6.4.3 Maldives Hoist Market Revenues & Volume, By 1000 lbs to 2000 lbs, 2021-2031F |
6.4.4 Maldives Hoist Market Revenues & Volume, By 2000 lbs to 4000 lbs, 2021-2031F |
6.4.5 Maldives Hoist Market Revenues & Volume, By 4000 lbs to 6000 lbs, 2021-2031F |
6.4.6 Maldives Hoist Market Revenues & Volume, By 6000 lbs to 8000 lbs, 2021-2031F |
6.4.7 Maldives Hoist Market Revenues & Volume, By 8000 lbs to 10000 lbs, 2021-2031F |
6.4.8 Maldives Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.4.9 Maldives Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.5 Maldives Hoist Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Maldives Hoist Market Revenues & Volume, By Commercial Recovery, 2021-2031F |
6.5.3 Maldives Hoist Market Revenues & Volume, By Cranes, 2021-2031F |
6.5.4 Maldives Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.5.5 Maldives Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.5.6 Maldives Hoist Market Revenues & Volume, By Workboats, 2021-2031F |
6.5.7 Maldives Hoist Market Revenues & Volume, By Utility, 2021-2031F |
6.6 Maldives Hoist Market, By End-use |
6.6.1 Overview and Analysis |
6.6.2 Maldives Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.6.3 Maldives Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6.4 Maldives Hoist Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.6.5 Maldives Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.6.6 Maldives Hoist Market Revenues & Volume, By Shipping & Marine, 2021-2031F |
6.6.7 Maldives Hoist Market Revenues & Volume, By Material Handling, 2021-2031F |
6.6.8 Maldives Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.6.9 Maldives Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.7 Maldives Hoist Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Maldives Hoist Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.7.3 Maldives Hoist Market Revenues & Volume, By Indirect Sales, 2021-2031F |
7 Maldives Hoist Market Import-Export Trade Statistics |
7.1 Maldives Hoist Market Export to Major Countries |
7.2 Maldives Hoist Market Imports from Major Countries |
8 Maldives Hoist Market Key Performance Indicators |
8.1 Average utilization rate of hoists in construction projects. |
8.2 Number of new infrastructure projects announced or started in the Maldives. |
8.3 Rate of growth in the tourism sector in the Maldives. |
9 Maldives Hoist Market - Opportunity Assessment |
9.1 Maldives Hoist Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Maldives Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Maldives Hoist Market Opportunity Assessment, By Hoist Rope, 2021 & 2031F |
9.4 Maldives Hoist Market Opportunity Assessment, By Capacity (LBS), 2021 & 2031F |
9.5 Maldives Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Maldives Hoist Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.7 Maldives Hoist Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Hoist Market - Competitive Landscape |
10.1 Maldives Hoist Market Revenue Share, By Companies, 2024 |
10.2 Maldives Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |