The global Hoist market was valued at 319.14 Million USD in 2021 and will grow with a CAGR of 3.45% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A hoist is a mechanical device for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload. A basic hoist is defined by two chief characteristics. The first is the lifting medium, which may be a wire rope wrapped around a drum or a chain raised by a pulley. The second is the type of power utilized by the hoist. Common power-sources are hydraulics, electricity, air driven motors, and, in the case of a manual hoist, muscle power. In the hoist market, high-end products are mainly produced by developed countries. China is the dominator of the middle and low end products. With its low price, hoist produced in China are popular around the world, especially in Southeast Asia, Africa, South America and the Middle East development countries and regions. As the necessary industrial equipment, hoist can be used in every walk of life, including oil, petrochemical, petrol, oil depot, gas, chemical, military, electricity, mining, electronics, railway and other industries. The global oil refinery market is expected to increase due to rising energy demand, evolving technology and new sources of the crude oil explored during the forecast period. And the oil refineries market is currently undergoing a significant reorientation, with demand moving away from the traditional strongholds of Europe and North America to other regions of the world. Growing demand from end-use industries around the world is expected to drive growth in the global petrochemical market over the next seven years. On the supply side, abundant raw material availability in the Middle East is expected to have a positive impact on growth of the petrochemical market. The shale gas boom in North America and rapidly expanding exploration & production activities in China are also likely to drive the global market.

By Market Verdors:

Columbus McKinnon

Kito

Terex

Konecranes

Ingersoll Rand

TRACTEL

PLANETA

Hitachi

KAWASAKI

J.D. Neuhaus

TOYO

ABUS

Imer International

VERLINDE

DAESAN

ABLE FORGE

Endo Kogyo

Shanghai Yiying

Xian Liba

TBM

Zhejiang Wuyi Machinery

Beijing Lingying

Nanjing Jingming

Nucleon (Xinxiang)

DL Heavy

Mode

Cheng Day

By Types:

Manual Hoists

Electric Hoists

Air Hoists

Hydraulic Hoists

By Applications:

Factories

Construction Sites

Marinas & Shipyards

Mining & Excavating Operation

Warehouse

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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