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Electric Hoist Market Share

  • Report ID: GMI2638
  • Published Date: May 2018
  • Report Format: PDF
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Electric Hoist Market Share

The global electric hoist industry is competitive because of the presence of many major and global players. Some key companies profiled in this market include

  • Ingersoll-Rand plc
  • Konecranes Oyj
  • Columbus McKinnon
  • Hitachi Industrial Equipment Systems Co., Ltd.
  • KITO Group
  • Komatsu Ltd.
  • Reva Industries Ltd.
  • SIGMA Hoist Company Pvt. Ltd.
  • Harrington Hoists, Inc.
  • Beta Max Hoist
  • Terex Corporation
  • ABUS Kransysteme GmbH
  • Liftking
  • SWF Krantechnik GmbH

Key electric hoist market share contributors are expanding their business horizon through strategic mergers & acquisitions. For instance, Liftking Manufacturing Corp declared that it would acquire product assets and intellectual property of Omega Lift in November 2016. CMCO acquired STAHL and further increased its product penetration in Europe, North America, and Asia Pacific.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of electric hoist crossed USD 1.9 billion in 2017.

The industry share of electric hoist will grow at a CAGR of around 7.3% up to 2025.

Electric hoists are capable of lifting and moving heavy materials, offering high reliability, efficient performance, and low failure rates while operating in numerous end-user sectors.

In the construction sector, electric hoist-equipped overhead cranes are increasingly used for transporting materials across new projects and development plans.

Increasing investment in various infrastructural development activities and rising urbanization across nations like India and China has led to a thriving demand for electric hoist in Asia Pacific.

Companies like Konecranes Oyj, Komatsu Ltd., Columbus McKinnon, KITO Group, Reva Industries Ltd., Hitachi Industrial Equipment Systems Co., Ltd., SIGMA Hoist Company Pvt. Ltd. and Harrington Hoists, Inc., are currently holding a major share in electric hoist industry.

Electric Hoist Market Scope

  • Electric Hoist Market Size
  • Electric Hoist Market Analysis
  • Electric Hoist Market Share

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    Premium Report Details

    • Base Year: 2017
    • Companies covered: 13
    • Tables & Figures: 401
    • Countries covered: 22
    • Pages: 274
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