Electric Hoist Market Future Trend and Growth Opportunities by 2025
Category: #world  By Rahul Varpe  Date: 2020-04-23
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Electric Hoist Market Future Trend and Growth Opportunities by 2025

Global Electric Hoist Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends.

The Electric Hoist Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of US$ 3.4 billion by 2025, with an anticipated CAGR of 7.3% through 2025. Hoist finds major applications in material handle operations. It can be used to shift heavy-weight materials easily. The electric hoists' demand will grow significantly over the projected timeframe, owing to massive material handling and transportation applications in construction and manufacturing industry. The demand for electric hoists is majorly from the construction end-user, primarily in both the developing and developed nations. The lack of expertise in handling overhead cranes and its attached hoists acts as an important factor, restricting the market growth in the projected timespan.

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The report delivers a concise analysis pertaining to the competitive landscape of this industry. All the vital information with regards to this parameter have been covered in the report in a systematic manner. The overall summary has been included after conducting a detailed analysis of the driving parameters, the factors that may hamper the market growth, as well as the growth prospects that this business space has in the future.

Market Segmentation:

Know about Market growth in New Research and its Top growing factors by Key Companies like

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, SWF Krantechnik GmbH

Comprehensive Review of Market Growth, Applications, and Future Prospects

  1. Aerospace,
  2. Automotive & Transportation,
  3. Construction,
  4. Energy,
  5. Marine

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Asia Pacific electric hoist market would reach more than USD 950.0 million till close of 2025, increasing at CAGR more than 7.5%. The North America electric hoist market is predicted to be second-highest market in market revenue, which would increase at CAGR of 7.4% by end of projected timeframe.

Primary players of global electric hoist market include Konecranes, Columbus McKinnon, Hitachi Industrial, RAM, Ace Industries, Jiangsu Jiali Hoisting Machinery Manufacturing, Tiger Lifting, Harrington Hoist, ABUS Kransysteme, Coffing Hoist, Milwaukee, Budgit Hoist, JET, Toronto Electric, Demag, and Granada among others.



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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