Hoist & Winch Manufacturing
The Hoist and Winch Manufacturing industry has experienced a decline in industry revenue over the five years to 2018. Industry operators' products are used to mechanically lift or maneuver heavy loads, so product demand is largely derived from industrial markets. Factors such as strong consumer spending growth and low interest rates support industrial activity; however, the translation of these underlying factors into demand from key industrial customers is key to industry performance. Overall, industry revenue is expected to decline during the current period largely due to weakening demand from key markets. Over the five years to 2023, industry revenue is expected to increase as a result of growth in key demand components and a focus on automation in downstream industries.
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.
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