Product Code: ETC429865 | Publication Date: Oct 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Hoist Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 7.04% in 2025 and reaches 17.42% by 2029.
The Hoist market in Philippines is projected to grow at a high growth rate of 13.13% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
Another notable market is the hoist market, which has experienced steady growth due to the country`s expanding construction and manufacturing sectors. Hoists play a vital role in lifting and moving heavy loads efficiently, contributing to improved productivity in various industries. The Philippines` infrastructure development and construction projects have significantly contributed to the demand for hoists, indicating a positive trajectory for this market.
The Philippines` hoist market is influenced by various drivers. The construction and manufacturing sectors` growth, which require efficient material handling, is a significant factor. The expansion of infrastructure projects and the need for safe and streamlined lifting solutions contribute to market growth. Additionally, regulations emphasizing workplace safety are driving the adoption of hoist systems in various industries.
The hoist market in the Philippines encounters specific challenges. Ensuring hoist safety is of paramount importance to prevent accidents and injuries. Implementing and adhering to strict safety standards and regulations can be complex, particularly across various industries that utilize hoists. Moreover, technological advancements and automation in lifting equipment demand a skilled workforce capable of operating and maintaining these advanced systems. Developing training programs to address this skill gap is essential. Additionally, ensuring hoist affordability while maintaining quality and safety standards poses a constant challenge for manufacturers.
The Philippines hoist market encountered distinct challenges as a result of the COVID-19 pandemic. The construction sector, a major consumer of hoisting equipment, experienced disruptions due to lockdowns and supply chain issues. The temporary suspension of construction activities and reduced investments in infrastructure projects led to a decline in demand for hoists. However, the market`s recovery gained momentum as the construction sector adapted to new health and safety protocols. The need for efficient lifting solutions persisted, and as construction activities resumed, the hoist market started showing signs of recovery. The market outlook emphasizes the role of technological advancements in driving the sector`s growth and addressing safety concerns.
In the Philippines hoist market, some key players include KITO Corporation, Konecranes, Columbus McKinnon Corporation, Street Crane Company, and Harrington Hoists, Inc. These companies are known for producing a wide range of hoisting equipment and solutions catering to various industries.
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 Philippines Hoist Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Hoist Market - Industry Life Cycle |
3.4 Philippines Hoist Market - Porter's Five Forces |
3.5 Philippines Hoist Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Philippines Hoist Market Revenues & Volume Share, By Hoist Rope, 2021 & 2031F |
3.8 Philippines Hoist Market Revenues & Volume Share, By Capacity (LBS), 2021 & 2031F |
3.9 Philippines Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Philippines Hoist Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.11 Philippines Hoist Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Hoist Market Trends |
6 Philippines Hoist Market, By Types |
6.1 Philippines Hoist Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Hoist Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Philippines Hoist Market Revenues & Volume, By Planetary Gear, 2021-2031F |
6.1.4 Philippines Hoist Market Revenues & Volume, By Worm Gear, 2021-2031F |
6.1.5 Philippines Hoist Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Hoist Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Philippines Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Philippines Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Philippines Hoist Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.5 Philippines Hoist Market Revenues & Volume, By Manual, 2021-2031F |
6.3 Philippines Hoist Market, By Hoist Rope |
6.3.1 Overview and Analysis |
6.3.2 Philippines Hoist Market Revenues & Volume, By Chain Hoist, 2021-2031F |
6.3.3 Philippines Hoist Market Revenues & Volume, By Wire or Rope Hoist, 2021-2031F |
6.4 Philippines Hoist Market, By Capacity (LBS) |
6.4.1 Overview and Analysis |
6.4.2 Philippines Hoist Market Revenues & Volume, By Up to 1000 lbs, 2021-2031F |
6.4.3 Philippines Hoist Market Revenues & Volume, By 1000 lbs to 2000 lbs, 2021-2031F |
6.4.4 Philippines Hoist Market Revenues & Volume, By 2000 lbs to 4000 lbs, 2021-2031F |
6.4.5 Philippines Hoist Market Revenues & Volume, By 4000 lbs to 6000 lbs, 2021-2031F |
6.4.6 Philippines Hoist Market Revenues & Volume, By 6000 lbs to 8000 lbs, 2021-2031F |
6.4.7 Philippines Hoist Market Revenues & Volume, By 8000 lbs to 10000 lbs, 2021-2031F |
6.4.8 Philippines Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.4.9 Philippines Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.5 Philippines Hoist Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Hoist Market Revenues & Volume, By Commercial Recovery, 2021-2031F |
6.5.3 Philippines Hoist Market Revenues & Volume, By Cranes, 2021-2031F |
6.5.4 Philippines Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.5.5 Philippines Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.5.6 Philippines Hoist Market Revenues & Volume, By Workboats, 2021-2031F |
6.5.7 Philippines Hoist Market Revenues & Volume, By Utility, 2021-2031F |
6.6 Philippines Hoist Market, By End-use |
6.6.1 Overview and Analysis |
6.6.2 Philippines Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.6.3 Philippines Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6.4 Philippines Hoist Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.6.5 Philippines Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.6.6 Philippines Hoist Market Revenues & Volume, By Shipping & Marine, 2021-2031F |
6.6.7 Philippines Hoist Market Revenues & Volume, By Material Handling, 2021-2031F |
6.6.8 Philippines Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.6.9 Philippines Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.7 Philippines Hoist Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Philippines Hoist Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.7.3 Philippines Hoist Market Revenues & Volume, By Indirect Sales, 2021-2031F |
7 Philippines Hoist Market Import-Export Trade Statistics |
7.1 Philippines Hoist Market Export to Major Countries |
7.2 Philippines Hoist Market Imports from Major Countries |
8 Philippines Hoist Market Key Performance Indicators |
9 Philippines Hoist Market - Opportunity Assessment |
9.1 Philippines Hoist Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Philippines Hoist Market Opportunity Assessment, By Hoist Rope, 2021 & 2031F |
9.4 Philippines Hoist Market Opportunity Assessment, By Capacity (LBS), 2021 & 2031F |
9.5 Philippines Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Philippines Hoist Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.7 Philippines Hoist Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Hoist Market - Competitive Landscape |
10.1 Philippines Hoist Market Revenue Share, By Companies, 2024 |
10.2 Philippines Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |