The global market for Hoists and Cranes was valued at an estimated US$28.5 Billion in 2023 and is projected to reach US$39.2 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the hoists and cranes market is driven by several factors, reflecting changes in technology, industry demands, and consumer behavior. One major driver is the increasing investment in infrastructure development and construction projects worldwide, necessitating advanced material handling solutions. The expansion of the manufacturing sector, especially in emerging economies, has also boosted demand for efficient and reliable lifting equipment.
The trend towards automation and smart factories is another significant factor, as industries seek to enhance productivity and safety through the use of advanced hoists and cranes. Furthermore, the rise in e-commerce and the need for efficient logistics and warehousing solutions have contributed to the market`s growth. Environmental regulations and the push towards sustainability are driving the adoption of energy-efficient and eco-friendly hoisting and crane technologies. Lastly, the growing emphasis on workplace safety and stringent government regulations are compelling industries to invest in modern, safer lifting equipment, further propelling the market`s expansion.
The growth in the hoists and cranes market is driven by several factors, reflecting changes in technology, industry demands, and consumer behavior. One major driver is the increasing investment in infrastructure development and construction projects worldwide, necessitating advanced material handling solutions. The expansion of the manufacturing sector, especially in emerging economies, has also boosted demand for efficient and reliable lifting equipment.
The trend towards automation and smart factories is another significant factor, as industries seek to enhance productivity and safety through the use of advanced hoists and cranes. Furthermore, the rise in e-commerce and the need for efficient logistics and warehousing solutions have contributed to the market`s growth. Environmental regulations and the push towards sustainability are driving the adoption of energy-efficient and eco-friendly hoisting and crane technologies. Lastly, the growing emphasis on workplace safety and stringent government regulations are compelling industries to invest in modern, safer lifting equipment, further propelling the market`s expansion.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Mobile Hoists and Cranes segment, which is expected to reach US$24.9 Billion by 2030 with a CAGR of a 5.2%. The Fixed Hoists and Cranes segment is also set to grow at 3.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.3 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $8.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Hoists and Cranes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hoists and Cranes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Hoists and Cranes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3M Company, ABB Ltd., ABUS Kransysteme GmbH, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 241 Featured):
- 3M Company
- ABB Ltd.
- ABUS Kransysteme GmbH
- Cargotec Corporation
- Columbus McKinnon Corporation
- Hitachi Industrial Equipment Systems Co., Ltd.
- Ingersoll Rand Inc.
- Kito Corporation
- Konecranes Oyj
- Liebherr Group
- Mitsubishi Electric Automation, Inc.
- Murata Machinery Ltd.
- SANY Group
- Tadano Ltd.
- Terex Corporation
- The Manitowoc Company, Inc.
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned
- 3M Company
- ABB Ltd.
- ABUS Kransysteme GmbH
- Cargotec Corporation
- Columbus McKinnon Corporation
- Hitachi Industrial Equipment Systems Co., Ltd.
- Ingersoll Rand Inc.
- Kito Corporation
- Konecranes Oyj
- Liebherr Group
- Mitsubishi Electric Automation, Inc.
- Murata Machinery Ltd.
- SANY Group
- Tadano Ltd.
- Terex Corporation
- The Manitowoc Company, Inc.
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 821 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 28.5 Billion |
| Forecasted Market Value ( USD | $ 39.2 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
