Crane and Hoist Market – Global Industry Analysis and Forecast (2021-2027), By Type, Operation, Industry and Region

Crane and Hoist Market was valued at US$ 34.15 Bn in 2020 and is expected to reach US$ 47.42 by 2027, at a CAGR of 4.8%.

Global Crane and Hoist Market Introduction

A crane is a piece of machinery that is used to lift and carry heavy loads both vertically and horizontally. A hoist wire, chain ties, and sheaves are usually included. Cranes are used to lift large loads that are beyond human ability due to their mechanical advantage. A hoist is a material-lifting system that consists of a rope or chain wrapped around a wheel or drum lift and a hook for attaching the payload. A hoist can easily lift and move heavy materials, allowing operators to move the products quickly and comfortably from one location to another. Global Crane and Hoist Market To know about the Research Methodology :- Request Free Sample Report

Global Crane and Hoist Market Dynamics

Following the recession, the construction industry has benefited greatly from the increased demand for new and retrofit infrastructure. The use of construction equipment is increasing in combination with new growth plans and programs. Cranes are commonly used in the construction industry due to their strength, accuracy, and dependability. The demand for construction machinery in the construction industry and in the mining industry for ore extraction is propelling the crane and hoist market forward. The growing demand for lifting loads in the shipping industry, as well as material handling equipment in the aerospace and defense industries, presents significant opportunities for crane and hoist manufacturers. The mining industry has led the hoist market with a significant growth rate, and it is expected to continue in the coming years. Mine hoists are in charge of conveying, manoeuvring, and moving ore materials through the mine shaft and between machinery components. Mine hoists come in a variety of sizes and shapes. Typically, a single machine is used to control multiple mine hoists. The growing demand for lifting loads in the shipping industry, as well as material handling equipment in the aerospace and defense industries, presents a significant opportunity for crane and hoist manufacturers. The shortage of qualified manpower to operate cranes and hoists is a major obstacle for the crane and hoist industry. For years, there has been an increase in the demand for qualified technicians. Most companies, on the other hand, are short on trained engineers and maintenance personnel to properly service and maintain their equipment.

Global Crane and Hoist Market Segment Analysis

In 2020, the hydraulic cranes' industry by operations had the highest market share of xx%. Hydraulic cranes are commonly used in shipyards, factories, and manufacturing workshops to hoist and move heavy materials. Hydraulic cranes can also be used in the transportation, manufacturing, and construction sectors. Hydraulic cylinders have a retraction length of 20-40% of their fully extended length. Global Crane and Hoist Market In 2020, the demand for wire rope hoists had the largest share of xx%. Wire rope hoists held a significant market share of xx%, owing to its high demand. The wire rope medium varies depending on the load capacity of the hoists, which are either electrically or pneumatically driven or placed overhead on the bridge beam using a trolley. Wire ropes are commonly used in the manufacturing industry because they allow for fast lifting.   Crane and Hoist market

Global Crane and Hoist Market Regional Insights

  In 2018, Asia-Pacific accounted for the largest market share of xx%. The area is also expected to experience significant growth in the future, owing to the enormous opportunity created by increasing construction activity. The manufacturing sector in emerging economies has been impacted by rising production without negotiating quality standards. The increased demand for farm mechanization to meet the needs of the rising population is also boosting the market. Several governments endorse the automation of farming practices as a means of increasing agricultural productivity. During the forecast period, Europe is expected to have the highest CAGR in the hoists sector. In France, the demand for hoists is driven by the automotive industry. Given the market's fierce competition, car producers, component providers, and suppliers strive to achieve a competitive advantage by providing high-quality products.

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Global Crane and Hoist Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 34.15 Bn.
Forecast Period 2021 to 2027 CAGR: 4.8% Market Size in 2027: US $ 47.42 Bn.
Segments Covered: by Type • Mobile Cranes • Fixed Cranes • Hydraulic Cranes • Wire Rope (Hoist) • Roller load Chain (Hoist) • Welded Link Load Chain (Hoist)
by Operation • Tie Rod • Welded • Telescopic • Mill Type • Tie Pneumatic (Air) Power (Hoist) • Electric Power (Hoist) • Hydraulic power (Hoist)
by Industry • Aerospace and Defense • Automotive & Railway • Mining • Construction • Marine • Shipping & Material Handling • Energy & Power • Others

Global Crane and Hoist Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Crane and Hoist Market Key players

• Cargotec • Columbus Mckinnon • Ingersoll Rand • Kito • Komatsu • Konecranes • Liebherr • Mammoet • Manitowoc • Palfinger • Tadano • Terex • Xcmg • Zoomlion • ZPMC
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Crane and Hoist Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Crane and Hoist Market 3.4. Geographical Snapshot of the Crane and Hoist Market, By Manufacturer share 4. Global Crane and Hoist Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Crane and Hoist Market 5. Supply Side and Demand Side Indicators 6. Global Crane and Hoist Market Analysis and Forecast, 2020-2027 6.1. Global Crane and Hoist Market Size & Y-o-Y Growth Analysis. 7. Global Crane and Hoist Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Mobile Cranes 7.1.2. Fixed Cranes 7.1.3. Hydraulic Cranes 7.1.4. Wire Rope (Hoist) 7.1.5. Roller load Chain (Hoist) 7.1.6. Welded Link Load Chain (Hoist) 7.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 7.2.1. Tie Rod 7.2.2. Welded 7.2.3. Telescopic 7.2.4. Mill Type 7.2.5. Tie Pneumatic (Air) Power (Hoist) 7.2.6. Electric Power (Hoist) 7.2.7. Hydraulic power (Hoist) 7.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 7.3.1. Aerospace and Defense 7.3.2. Automotive & Railway 7.3.3. Mining 7.3.4. Construction 7.3.5. Marine 7.3.6. Shipping & Material Handling 7.3.7. Energy & Power 7.3.8. Others 8. Global Crane and Hoist Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Crane and Hoist Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Mobile Cranes 9.1.2. Fixed Cranes 9.1.3. Hydraulic Cranes 9.1.4. Wire Rope (Hoist) 9.1.5. Roller load Chain (Hoist) 9.1.6. Welded Link Load Chain (Hoist) 9.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 9.2.1. Tie Rod 9.2.2. Welded 9.2.3. Telescopic 9.2.4. Mill Type 9.2.5. Tie Pneumatic (Air) Power (Hoist) 9.2.6. Electric Power (Hoist) 9.2.7. Hydraulic power (Hoist) 9.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 9.3.1. Aerospace and Defense 9.3.2. Automotive & Railway 9.3.3. Mining 9.3.4. Construction 9.3.5. Marine 9.3.6. Shipping & Material Handling 9.3.7. Energy & Power 9.3.8. Others 10. North America Crane and Hoist Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Crane and Hoist Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 12. Canada Crane and Hoist Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 13. Mexico Crane and Hoist Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 14. Europe Crane and Hoist Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 15. Europe Crane and Hoist Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Crane and Hoist Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 17. France Crane and Hoist Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 18. Germany Crane and Hoist Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 19. Italy Crane and Hoist Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 20. Spain Crane and Hoist Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 21. Sweden Crane and Hoist Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 22. CIS Countries Crane and Hoist Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 23. Rest of Europe Crane and Hoist Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 24. Asia Pacific Crane and Hoist Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 25. Asia Pacific Crane and Hoist Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Crane and Hoist Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 27. India Crane and Hoist Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 28. Japan Crane and Hoist Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 29. South Korea Crane and Hoist Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 30. Australia Crane and Hoist Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 31. ASEAN Crane and Hoist Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 32. Rest of Asia Pacific Crane and Hoist Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 33. Middle East Africa Crane and Hoist Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 34. Middle East Africa Crane and Hoist Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Crane and Hoist Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 36. GCC Countries Crane and Hoist Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 36.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 37. Egypt Crane and Hoist Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 38. Nigeria Crane and Hoist Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 39. Rest of ME&A Crane and Hoist Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 40. South America Crane and Hoist Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 41. South America Crane and Hoist Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Crane and Hoist Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 43. Argentina Crane and Hoist Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 44. Rest of South America Crane and Hoist Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By Industry, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Crane and Hoist Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Cargotec 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Columbus Mckinnon 45.3.3. Ingersoll Rand 45.3.4. Kito 45.3.5. Komatsu 45.3.6. Konecranes 45.3.7. Liebherr 45.3.8. Mammoet 45.3.9. Manitowoc 45.3.10. Palfinger 45.3.11. Tadano 45.3.12. Terex 45.3.13. Xcmg 45.3.14. Zoomlion 45.3.15. ZPMC 45.3.16. Other Key Players 46. Primary Key Insights

About This Report

Report ID 100788
Category Engineering Equipment
Published Date May 2021
Updated Date Dec 2021
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