In this report, the Global Electric hoist market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Electric hoist market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Electric Hoist is a mechanical device with electricity power-sources for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload. The basic electric hoist has two important characteristics to define it: Lifting medium and power type.
China and USA are the o dominant producer regions of electric hoist; the production of electric hoist respectively is 423 K Units and 458 K Units in 2015, according about 24.86% and 26.92% of the total amount. China and USA are also the biggest consumer of electric hoist, with the consumption market share of about 19.61% and 27.78% in 2015. Europe is the second largest production area, with the market share of 20.58% in 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.
Leading players in hoist industry are Columbus McKinnon, Kito, Terex, Konecranes. Kito is the largest manufacturer, occupies about 18.53% share of the market. Li An Machinery is the leader player in China, with the market share of about 1.51% in 2015.
By application, Construction Sites accounted for the largest market with about 28.33% of the global volume for electric hoist in 2015. Moreover, it is anticipated to grow at a significant CAGR of 4.43% during the forecast period. With over 23.39% share in the global electric hoist market, the Marinas & Shipyards was the second largest application market for global electric hoist in 2015, and is anticipated to grow at a slightly low CAGR of 4.12%, in terms of volume, during the forecast period.
The electric price of hoist is lower year by year from 1274 USD/Unit in 2011 to 1189 USD/Unit in 2015. The product profit margin is about 29.72% in 2015, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.
Market Analysis and Insights: Global Electric hoist Market
In 2019, the global Electric hoist market size was US$ 1753.1 million and it is expected to reach US$ 2236.5 million by the end of 2026, with a CAGR of 3.5% during 2021-2026.
Global Electric hoist Scope and Market Size
Electric hoist market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Electric hoist market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Electric hoist market is segmented into
Electric Chain Hoist
Electric Wire Hoist
Other Electric Hoist
Segment by Application, the Electric hoist market is segmented into
Marinas & Shipyards
Mining & Excavating Operation
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Electric hoist Market Share Analysis
Electric hoist market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Electric hoist product introduction, recent developments, Electric hoist sales by region, type, application and by sales channel.
The major companies include:
Li An Machinery
DL Heavy Industry
Chi Zong Machine
Reasons to Buy This Research Report
- Complete access to Global Electric hoist market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Electric hoist markets including North America, Europe, MEA and Asia Pacific
- Global Electric hoist Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Electric hoist market segmentation
- Key trends, drivers and restraints for global Global Electric hoist market
- Challenges to market growth for Global Electric hoist manufacturers
- Key market opportunities of Global Electric hoist Industry
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