The Hoists and Winch Manufacturing Industry has experienced a moderate revenue decline during the five-year period to 2017. Weak commodity prices in recent years are expected to have limited equipment expenditures in mining and manufacturing markets, which has reduced their demand for industry products. Investment in industry products waned and the price of steel fell, which effectively reduced the selling price of industry products and further reduced demand. Over the five years to 2022, industry revenue is forecast to increase. The key components of demand for industry products are anticipated to expand gradually over the next five years, which should support stable growth in purchases of industry products.
This industry manufactures hoists and winches. Hoists are usually designed to lift objects vertically, while winches move objects laterally.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.