A hoist is a device that is used for lifting a load, by drum or wheel around which chain or rope wrap. It may be operated manually, electrically, hydraulically, and pneumatically. Rapid automation in the industries is increasing demand for the hoist, which propels the growth of the hoists market. The high growth in the construction activity is a rising demand for the construction equipment, which further augmenting in the growth of the hoists market. Growing need to reduce operating costs and reduce labor costs is further bolstering the growth of the hoists market.
MARKET DYNAMICS
The rising need for lifting heavy items is fueling the growth of the hoists market. The various benefits offered by the hoist, such as heavy items can move easily, quickly, comfortably, and efficiently; also, it saves time as well as labor. These benefits are increasing demand for a hoist that propels the growth of the market. Furthermore, rapid growth in the manufacturing industries in emerging nations such as India, China, Japan, others is expected to drive the growth of the hoists market.
MARKET SCOPE
The "Global Hoists Market Analysis to 2031" is a specialized and in-depth study of the hoists industry with a special focus on the global market trend analysis. The report aims to provide an overview hoists market with detailed market segmentation by type, power source, and geography. The global hoists market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hoists market players and offers key trends and opportunities in the hoists market.
MARKET SEGMENTATION
The global hoists market is segmented on the basis of type, power source. On the basis type the market is segmented as wire rope, roller load chain, welded link load chain. On the basis of power source the market is segmented as manual hoists, electric hoists, hydraulic hoists, air hoists.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hoists market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hoists market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hoists market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the hoists market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hoists market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hoists market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hoists market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the hoists market in these regions.
MARKET PLAYERS
The reports cover key developments in the hoists market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from hoists market are anticipated to lucrative growth opportunities in the future with the rising demand for hoists in the global market. Below mentioned is the list of few companies engaged in the hoists market.
The report also includes the profiles of key hoists companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Acco Material Handling Solutions
- Columbus Mckinnon Corporation
- Daesan Inotec Inc.
- Demag Cranes & Components Corp.
- Hitachi Industrial Equipment Systems Co., Ltd.
- Ingersoll-Rand plc
- Kepro Tools & Equipments Pvt.Ltd
- KITO Corporation
- Konecranes
- Toyolift Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hoists Market - By Type
1.3.2 Hoists Market - By Power Source
1.3.3 Hoists Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. HOISTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HOISTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HOISTS MARKET - GLOBAL MARKET ANALYSIS
6.1. HOISTS - GLOBAL MARKET OVERVIEW
6.2. HOISTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOISTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WIRE ROPE
7.3.1. Overview
7.3.2. Wire Rope Market Forecast and Analysis
7.4. ROLLER LOAD CHAIN
7.4.1. Overview
7.4.2. Roller Load Chain Market Forecast and Analysis
7.5. WELDED LINK LOAD CHAIN
7.5.1. Overview
7.5.2. Welded Link Load Chain Market Forecast and Analysis
8. HOISTS MARKET - REVENUE AND FORECASTS TO 2028 - POWER SOURCE
8.1. OVERVIEW
8.2. POWER SOURCE MARKET FORECASTS AND ANALYSIS
8.3. MANUAL HOISTS
8.3.1. Overview
8.3.2. Manual Hoists Market Forecast and Analysis
8.4. ELECTRIC HOISTS
8.4.1. Overview
8.4.2. Electric Hoists Market Forecast and Analysis
8.5. HYDRAULIC HOISTS
8.5.1. Overview
8.5.2. Hydraulic Hoists Market Forecast and Analysis
8.6. AIR HOISTS
8.6.1. Overview
8.6.2. Air Hoists Market Forecast and Analysis
9. HOISTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hoists Market Overview
9.1.2 North America Hoists Market Forecasts and Analysis
9.1.3 North America Hoists Market Forecasts and Analysis - By Type
9.1.4 North America Hoists Market Forecasts and Analysis - By Power Source
9.1.5 North America Hoists Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hoists Market
9.1.5.1.1 United States Hoists Market by Type
9.1.5.1.2 United States Hoists Market by Power Source
9.1.5.2 Canada Hoists Market
9.1.5.2.1 Canada Hoists Market by Type
9.1.5.2.2 Canada Hoists Market by Power Source
9.1.5.3 Mexico Hoists Market
9.1.5.3.1 Mexico Hoists Market by Type
9.1.5.3.2 Mexico Hoists Market by Power Source
9.2. EUROPE
9.2.1 Europe Hoists Market Overview
9.2.2 Europe Hoists Market Forecasts and Analysis
9.2.3 Europe Hoists Market Forecasts and Analysis - By Type
9.2.4 Europe Hoists Market Forecasts and Analysis - By Power Source
9.2.5 Europe Hoists Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hoists Market
9.2.5.1.1 Germany Hoists Market by Type
9.2.5.1.2 Germany Hoists Market by Power Source
9.2.5.2 France Hoists Market
9.2.5.2.1 France Hoists Market by Type
9.2.5.2.2 France Hoists Market by Power Source
9.2.5.3 Italy Hoists Market
9.2.5.3.1 Italy Hoists Market by Type
9.2.5.3.2 Italy Hoists Market by Power Source
9.2.5.4 United Kingdom Hoists Market
9.2.5.4.1 United Kingdom Hoists Market by Type
9.2.5.4.2 United Kingdom Hoists Market by Power Source
9.2.5.5 Russia Hoists Market
9.2.5.5.1 Russia Hoists Market by Type
9.2.5.5.2 Russia Hoists Market by Power Source
9.2.5.6 Rest of Europe Hoists Market
9.2.5.6.1 Rest of Europe Hoists Market by Type
9.2.5.6.2 Rest of Europe Hoists Market by Power Source
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hoists Market Overview
9.3.2 Asia-Pacific Hoists Market Forecasts and Analysis
9.3.3 Asia-Pacific Hoists Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Hoists Market Forecasts and Analysis - By Power Source
9.3.5 Asia-Pacific Hoists Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hoists Market
9.3.5.1.1 Australia Hoists Market by Type
9.3.5.1.2 Australia Hoists Market by Power Source
9.3.5.2 China Hoists Market
9.3.5.2.1 China Hoists Market by Type
9.3.5.2.2 China Hoists Market by Power Source
9.3.5.3 India Hoists Market
9.3.5.3.1 India Hoists Market by Type
9.3.5.3.2 India Hoists Market by Power Source
9.3.5.4 Japan Hoists Market
9.3.5.4.1 Japan Hoists Market by Type
9.3.5.4.2 Japan Hoists Market by Power Source
9.3.5.5 South Korea Hoists Market
9.3.5.5.1 South Korea Hoists Market by Type
9.3.5.5.2 South Korea Hoists Market by Power Source
9.3.5.6 Rest of Asia-Pacific Hoists Market
9.3.5.6.1 Rest of Asia-Pacific Hoists Market by Type
9.3.5.6.2 Rest of Asia-Pacific Hoists Market by Power Source
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hoists Market Overview
9.4.2 Middle East and Africa Hoists Market Forecasts and Analysis
9.4.3 Middle East and Africa Hoists Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Hoists Market Forecasts and Analysis - By Power Source
9.4.5 Middle East and Africa Hoists Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hoists Market
9.4.5.1.1 South Africa Hoists Market by Type
9.4.5.1.2 South Africa Hoists Market by Power Source
9.4.5.2 Saudi Arabia Hoists Market
9.4.5.2.1 Saudi Arabia Hoists Market by Type
9.4.5.2.2 Saudi Arabia Hoists Market by Power Source
9.4.5.3 U.A.E Hoists Market
9.4.5.3.1 U.A.E Hoists Market by Type
9.4.5.3.2 U.A.E Hoists Market by Power Source
9.4.5.4 Rest of Middle East and Africa Hoists Market
9.4.5.4.1 Rest of Middle East and Africa Hoists Market by Type
9.4.5.4.2 Rest of Middle East and Africa Hoists Market by Power Source
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hoists Market Overview
9.5.2 South and Central America Hoists Market Forecasts and Analysis
9.5.3 South and Central America Hoists Market Forecasts and Analysis - By Type
9.5.4 South and Central America Hoists Market Forecasts and Analysis - By Power Source
9.5.5 South and Central America Hoists Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hoists Market
9.5.5.1.1 Brazil Hoists Market by Type
9.5.5.1.2 Brazil Hoists Market by Power Source
9.5.5.2 Argentina Hoists Market
9.5.5.2.1 Argentina Hoists Market by Type
9.5.5.2.2 Argentina Hoists Market by Power Source
9.5.5.3 Rest of South and Central America Hoists Market
9.5.5.3.1 Rest of South and Central America Hoists Market by Type
9.5.5.3.2 Rest of South and Central America Hoists Market by Power Source
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HOISTS MARKET, KEY COMPANY PROFILES
11.1. ACCO MATERIAL HANDLING SOLUTIONS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COLUMBUS MCKINNON CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DAESAN INOTEC INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DEMAG CRANES AND COMPONENTS CORP.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HITACHI INDUSTRIAL EQUIPMENT SYSTEMS CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INGERSOLL-RAND PLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KEPRO TOOLS AND EQUIPMENTS PVT.LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KITO CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KONECRANES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOYOLIFT GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Acco Material Handling Solutions
2. Columbus Mckinnon Corporation
3. Daesan Inotec Inc.
4. Demag Cranes and Components Corp.
5. Hitachi Industrial Equipment Systems Co., Ltd.
6. Ingersoll-Rand plc
7. Kepro Tools and Equipments Pvt.Ltd
8. KITO Corporation
9. Konecranes
10. Toyolift Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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