Construction Hoist Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Zoomlion, GJJ, Alimak, XL Industries

Registering a CAGR of 3.5% over the forecast period, the global construction hoist market is anticipated to reach the market value of USD 1.125 billion in the year 2027 from USD 855.1 million in the year 2021.

Construction Hoist Market Overview

A hoist is a device used for lifting or lowering a load by means of a drum or lift-wheel around which rope or chain wraps. It may be manually operated, electrically or pneumatically driven and may use chain, fibre or wire rope as its lifting medium. The load is attached to the hoist by means of a lifting hook. Different hoists have different lifting capabilities. The lifting height range will also vary between hoists; each has its own maximum height and can usually not be extended.A construction hoist is an equipment used in construction to lower or lift the goods and construction materials. It is a robust and durable machine that is specifically designed to endure a heavy load and survive in heavy load conditions. This machine is operated via rope fibers, wire, electrically or manually. In this machine category, the less than 2 -ton segment holds more than 50% share of the global market.The construction hoist market is expanding due to increased demand for lifting loads in the construction industry, increased industrialization and urbanization, and increased infrastructure development. Furthermore, rising end-users in emerging countries such as work platforms, service elevators, lifting construction materials and goods, and transport platforms drive the global construction hoist market. On the other hand, raw material cost volatility and a lack of skilled labor to operate hoists are stifling market growth. However, the government's ongoing development of roads, bridges, dams, and public transportation, as well as new projects for building and structure construction in developing and developed countries, and the growing construction of skyscrapers, are expected to create significant growth opportunities for construction hoists during the forecast period.

Industry News and Updates:

• Alimak launches new Scaffolding Transportation System in partnership with PERI
  
   -Alimak launches a new scaffolding product for the construction industry, making the scaffolding process as efficient and safe as possible. The new product is called Alimak STS 300 and has been designed in conjunction with PERI.


• In March 2021, Zoomlion’s Aurora Green Crawler Crane has received a contract to install wind turbines in Vietnam. Zoomlion crawler cranes can be easily taken apart for transportation purposes. Thanks to their flexibility, the powerful Zoomlion cranes can be counted on as the main hoisting equipment for such projects. Multiple wind turbines, which need to be placed 120–150 meters above the ground, were successfully installed in an effective manner, demonstrating the high quality of Zoomlion cranes.

What are the major Applications, Types, and Regions for the Construction Hoist Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Below 2 ton


• 2-3 ton


• Above 3 ton

By Application, it is segmented into

• Residential


• Commercial


• Industrial

Construction Hoist Market Regional Analysis

North America is expected to dominate the market due to widespread use of construction hoists in the construction industry, improved industrialization, and increased investment in capital improvements.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Construction Hoist Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Construction Hoist Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Construction Hoist Market report scope?

Scope of the Report covers Construction Hoist Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Construction Hoist Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Construction Hoist Report

• Evaluate Construction Hoist market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Construction Hoist market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Construction Hoist Market is studied from 2017 - 2027.

What is the growth rate of the Construction Hoist Market?

The Construction Hoist Market is growing at a CAGR of 3.5% over the next 5 years.

Who are the key players in Construction Hoist Market?

Zoomlion, GJJ, Alimak, XL Industries, Hongda Construction, XCMG, Fangyuan, Guangxi Construction, SYS, Dahan, Sichuan Construction, Böcker, STROS, GEDA, Zhejiang Construction Machinery, China State Construction, Jaypee, ELECTROELSA, BetaMax

What regions does this Construction Hoist Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Construction Hoist Market?

Below 2-ton, 2-3 ton, above 3 ton

What are the major end-use applications of the Construction Hoist Market?

Residential, Commercial, Industrial



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