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Electric Hoist Market Share

Report ID: GMI2638
Published Date: Jul 2024
Report Format: PDF

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Electric Hoist Market Share

Electric hoist Market Company Market Share Analysis, 2023

Key players in the electric market are Ingersoll Rand PLC, Konecranes, Columbus McKinnon, Hitachi Industrial Equipment Systems, KITO Corporation. Together these companies have a market share of 40%-45% of the total market with fierce competition in this market. Companies are investing in research and development to create more advanced, safer, and energy-efficient hoists. Companies are also focusing on adding smart features to their hoists, like remote control and data tracking, to meet the increasing demand for automated and connected systems in modern factories and warehouses.

Electric Hoist Market Companies

Major companies operating in the electric hoist industry include:

ABUS Kransysteme GmbH
Columbus McKinnon
Crosby Group
Demag Cranes & Components GmbH
Hitachi Industrial Equipment Systems
IMER International SpA
Ingersoll Rand PLC
JASO Industrial Cranes
KITO Corporation
Konecranes
Kran Direkt GmbH & Co. KG
Street Crane Company Limited
Tianjing Kunda Hoisting Equipment Co., Ltd
Verlinde
Yale

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electrical hoist was reached USD 2 billion in 2023 and is anticipated to register 5.2% CAGR between 2024 and 2032, driven by rising industrial automation.

The indirect sales segment in the electric host market held 74.5% share in 2023 and is anticipated to grow at a 5% CAGR during 2024 to 2032, as they often provide additional services like product education, installation support, and after-sales service.

The Asia Pacific electric hoist market held around 30.9% share in 2023 and is anticipated to register 5.4% CAGR between 2024 and 2032, favored by the need for efficient material handling solutions in factories.

ABUS Kransysteme GmbH, Columbus McKinnon, Crosby Group, Demag Cranes & Components GmbHm, Hitachi Industrial Equipment Systems, IMER International SpA, Ingersoll Rand PLC, JASO Industrial Cranes, KITO Corporation, Konecranes, and Kran Direkt GmbH & Co. KG among others.