Global Hoists Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Hoists market size was valued at US$ 3716 million in 2024 and is forecast to a readjusted size of USD 4844 million by 2031 with a CAGR of 3.9% during review period.

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.

The main crane manufacturers are Kito, Zhejiang Shuangniao Machinery, Zhejiang Guanlin Machinery, Columbus McKinnon and Jiangsu Bada Science Techology, etc. And the world's top five manufacturers have a total market share of nearly 26%. Regionally, the Asia-Pacific region holds the largest market share at around 39%. Among the product types of cranes, Electric Hoists account for about 53% of the market share. From an application perspective, Factories have the highest share at around 30%, followed by Construction Sites and Mining & Excavating Operation, with 17% and 10% market share, respectively.

This report is a detailed and comprehensive analysis for global Hoists market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Hoists market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Hoists market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Hoists market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Hoists market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hoists

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hoists market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Columbus McKinnon, Kito, Konecranes, Ingersoll Rand, TRACTEL, PLANETA, Hitachi, Imer International, DAESAN, Endo Kogyo, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hoists market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Manual Hoists
Electric Hoists
Air Hoists
Hydraulic Hoists

Market segment by Application
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Others

Major players covered
Columbus McKinnon
Kito
Konecranes
Ingersoll Rand
TRACTEL
PLANETA
Hitachi
Imer International
DAESAN
Endo Kogyo
Nucleon (Xinxiang)
Henan Kuangshan Crane
Weihua Heavy Machinery
Zhejiang Shuangniao Machinery
Zhejiang Guanlin Machinery
Novocrane (Suzhou)
Chongqing Vitali Lifting Equipment
Jiangsu Bada Science Techology
WORLDHOISTS (Tianjin)
Zhejiang Wuyi Machinery
Jiangsu Sanma Cranes Manufacture
TXK
Cheng Day

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

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

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hoists product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hoists, with price, sales quantity, revenue, and global market share of Hoists from 2020 to 2025.

Chapter 3, the Hoists competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hoists breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Hoists market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hoists.

Chapter 14 and 15, to describe Hoists sales channel, distributors, customers, research findings and conclusion.