A hoist is a mechanical device for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload.
A basic hoist is defined by two chief characteristics. The first is the lifting medium, which may be a wire rope wrapped around a drum or a chain raised by a pulley. The second is the type of power utilized by the hoist. Common power-sources are hydraulics, electricity, air driven motors, and, in the case of a manual hoist, muscle power.
Hoist is a fragmented market with a tail of manufacturers from transnational players to small private companies. However, the leading companies grasped the major market share. For example, in North America, Columbus McKinnon takes about half share of the total market. In Japan and China, KITO is the leading player, while the market is more fragmented. Demag from Terex(Now Konecranes), Stahl from Konecranes( Now Columbus McKinnon) and TRACTEL (mainly manual hoist) are leading suppliers in Europe. In Asia Pacific market, Kito is the market leader with revenue share of 16.91% in 2017. Other leading suppliers in Asia include Hitachi, TOYO and KAWASAKI from Japan, Xi'an Liba, TBM and Zhejiang Wuyi Machinery from China.
Hoist can be classified as Manual Hoists, Electric Hoists, Hydraulic Hoists and Air Hoists by power-sources. Manual Hoists is the most widely used hoist type with 69.99% of the market sales. However, its revenue share is only valued at 33.34% in 2017, due to its cheap average price. Electric Hoists takes volume share of Asia-Pacific Hoists market at 28.09% in 2017, while it takes nearly a half of total revenue market. Hydraulic Hoists and Air Hoists are high end products that only used in specific territory.
Factories accounted for the largest market with about 26.21% of the total market for hoist in 2017. Moreover, it is anticipated to grow at a significant CAGR of 4.73% during the forecast period. With over 18.19% share in the Asia Pacific hoist market, the construction sites was the second largest application market for global hoist in 2017, and is anticipated to grow at a slightly low CAGR of 3.97%, in terms of value, during the forecast period.
According to this study, over the next five years the Hoists market will register a xx% CAGR in terms of revenue, the global market size will reach USD xx million by 2024, from USD xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hoists business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Hoists market by product type, application, key manufacturers and key regions and countries.
This study considers the Hoists value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Manual Hoists
Electric Hoists
Air Hoists
Hydraulic Hoists
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Columbus McKinnon
Kito
Terex
Konecranes
Ingersoll Rand
TRACTEL
PLANETA
Hitachi
KAWASAKI
TOYO
Imer International
DAESAN
Endo Kogyo
Shanghai Yiying
Xi'an Liba
TBM
Zhejiang Wuyi Machinery
Beijing Lingying
Nanjing Jingming
Nucleon (Xinxiang)
DL Heavy
Mode
Cheng Day
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Hoists consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hoists market by identifying its various subsegments.
Focuses on the key global Hoists manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hoists with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hoists submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
