Crane and Hoists Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)
The "Crane and Hoists Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Crane and Hoists market is expected to grow annually by 13.6% (CAGR 2024 - 2031).
This entire report is of 135 pages.
Crane and Hoists Introduction and its Market Analysis
The Crane and Hoists market research report provides insights into the current market conditions, target market, and major factors driving revenue growth in the industry. The target market for Crane and Hoists includes industries such as construction, manufacturing, and logistics. Factors driving revenue growth include increasing construction activities, industrialization, and rising demand for efficient material handling solutions. Key players in the market include Columbus McKinnon, Kito, Terex, Konecranes, and others. The report highlights market trends, competitive landscape, and growth opportunities for companies operating in the Crane and Hoists market. Recommendations include expanding product offerings, focusing on innovation, and exploring new market segments for growth.
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The global crane and hoist market is segmented based on type into manual hoists, electric hoists, air hoists, and hydraulic hoists. These hoists are widely used in various applications such as factories, construction sites, marinas & shipyards, mining & excavating operations, warehouses, and others. The market is driven by the increasing demand for efficient material handling solutions in industries.
Regulatory and legal factors specific to market conditions play a crucial role in shaping the crane and hoist industry. Compliance with safety standards and regulations is essential to ensure the safe operation of cranes and hoists. Additionally, regulations governing the use of lifting equipment in different industries vary across regions, impacting market dynamics.
The growing emphasis on workplace safety and the need for advanced lifting solutions are expected to drive the demand for crane and hoist equipment in the coming years. Manufacturers are focusing on developing technologically advanced hoists to cater to the evolving requirements of end-users. Overall, the crane and hoist market is poised for steady growth as industries strive for efficient and safe material handling solutions.
Top Featured Companies Dominating the Global Crane and Hoists Market
The global crane and hoists market is highly competitive, with several key players dominating the industry. Some of the major companies operating in the market include Columbus McKinnon, Kito, Terex, Konecranes, Ingersoll Rand, TRACTEL, PLANETA, Hitachi, KAWASAKI, TOYO, Imer International, DAESAN, Endo Kogyo, Shanghai Yiying, Xian Liba, TBM, Zhejiang Wuyi Machinery, Beijing Lingying, Nanjing Jingming, Nucleon (Xinxiang), DL Heavy, Mode, and Cheng Day.</p><p>These companies offer a wide range of crane and hoist products, catering to various industries such as construction, manufacturing, mining, and logistics. They compete based on factors such as product quality, innovation, pricing, and after-sales service.</p><p>By offering a diverse range of products and services, these companies contribute to the growth of the crane and hoists market by meeting the specific needs of their customers. They also invest in research and development to introduce new technologies and improvements in their products, enhancing overall efficiency and safety.</p><p>In terms of sales revenue, some of the leading companies in the crane and hoists market include Columbus McKinnon, Konecranes, and Terex. For example, Columbus McKinnon reported sales revenue of approximately $800 million in 2020, while Konecranes reported sales revenue of around $3 billion in the same year. Terex, on the other hand, generated sales revenue of approximately $4 billion in 2020.</p><p>Overall, these companies play a critical role in driving innovation and competitiveness in the crane and hoists market, thereby fueling its growth and expansion.</p></p>
<p><ul><li>Columbus McKinnon</li><li>Kito</li><li>Terex</li><li>Konecranes</li><li>Ingersoll Rand</li><li>TRACTEL</li><li>PLANETA</li><li>Hitachi</li><li>KAWASAKI</li><li>TOYO</li><li>Imer International</li><li>DAESAN</li><li>Endo Kogyo</li><li>Shanghai Yiying</li><li>Xian Liba
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Crane and Hoists Market Analysis, by Type:
- Manual Hoists
- Electric Hoists
- Air Hoists
- Hydraulic Hoists
Manual hoists require human effort to operate, electric hoists use electrical power, air hoists use compressed air, and hydraulic hoists use hydraulic power to lift and move heavy loads. Each type has its own advantages depending on the specific requirements of the application. The variety of options available in the crane and hoists market cater to a wide range of industries and applications, resulting in increased demand. The flexibility and efficiency offered by these different types of hoists have contributed to the growth of the crane and hoists market as companies seek to improve productivity and safety in their operations.
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Crane and Hoists Market Analysis, by Application:
- Factories
- Construction Sites
- Marinas & Shipyards
- Mining & Excavating Operation
- Warehouse
- Other
Cranes and hoists are extensively used in various industries such as factories, construction sites, marinas and shipyards, mining and excavating operations, warehouses, and others. They are used for lifting and moving heavy materials and equipment, increasing efficiency and safety in operations. The fastest growing application segment in terms of revenue is construction sites, due to the increasing demand for infrastructure facilities globally. Cranes and hoists play a crucial role in lifting and moving heavy construction materials and equipment, helping to expedite project timelines and improve overall productivity.
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Crane and Hoists Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Crane and Hoists market is expected to experience significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, Asia-Pacific is expected to dominate the market, with a market share of approximately 40%. North America and Europe are also expected to hold significant market shares at around 25% each, while Latin America and Middle East & Africa are expected to account for smaller market shares of around 5% each.
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