Global Construction Hoist Market Growth 2025-2031
Description
The global Construction Hoist market size is predicted to grow from US$ 1057 million in 2025 to US$ 1346 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A construction hoist is an essential piece of temporary equipment widely used in high-rise and large-scale building projects to ensure the vertical movement of goods and personnel during the construction phase. Operated electrically and typically running along a fixed mast structure attached to the building, the hoist consists of a cage or car that travels on a rack-and-pinion or wire rope system, guided by mast sections. Construction hoists are designed to withstand harsh environmental conditions and are equipped with safety devices such as limit switches, interlocks, and overload protection systems to prevent accidents. These hoists offer significant efficiency in reducing manual handling and time spent on transporting heavy or bulky materials up and down a structure. They are indispensable for improving productivity and safety on site, especially when scaffolding or tower cranes cannot provide flexible, fast, or direct vertical access. Their modular design allows for height customization, and they can be dismantled and reused on different projects, making them a cost-effective investment for contractors.
The construction hoist market is on a trajectory of growth, this growth is underpinned by the global construction industry's continuous expansion. In emerging economies, rapid urbanization is spurring a plethora of construction projects, which in turn is fueling the demand for construction hoists. Technological innovation is also a significant driver; intelligent control systems are being incorporated to enhance safety and efficiency, and high - strength, lightweight materials are being used to boost performance and reduce energy consumption. Additionally, the growing environmental consciousness has led to an increasing demand for green and energy - efficient construction hoists, compelling manufacturers to develop products that adhere to environmental standards.
However, US tariffs have introduced a host of challenges to the industry. The construction hoist market is intricately connected to the broader construction and manufacturing sectors, both of which are severely affected by tariffs. The US tariffs on imported construction materials, such as steel, aluminum, and components used in hoist manufacturing, have significantly increased production costs. For example, the 25% tariff on imported steel since March 2025 has directly raised the cost of raw materials for construction hoist manufacturers. As a result, the prices of construction hoists have likely increased, making them less competitive in the US market. This price hike may lead to a decrease in demand, as construction companies may delay or scale back projects due to higher equipment costs.
Furthermore, the tariffs disrupt the global supply chain. Construction hoist manufacturers often source components from various countries to optimize costs and quality. The tariffs can lead to delays in the delivery of components, as companies may need to re - evaluate and re - route their supply chains to mitigate the tariff impact. This can cause production bottlenecks and further increase costs. In addition, US - based manufacturers who rely on imported parts for their construction hoists may face shortages, forcing them to either find alternative suppliers, which may not be immediately available or as cost - effective, or to increase their domestic production. But domestic production may not be able to meet the full demand in the short term, given the existing capacity constraints.
The tariffs also impact international trade dynamics. For countries that are major exporters of construction hoists to the US, such as China, which holds a significant share in the global construction hoist market, the tariffs can lead to a decline in exports. Construction hoist manufacturers in these countries may need to explore alternative markets in regions like Southeast Asia or Europe. However, this shift requires substantial investment in market research, marketing, and establishing new distribution channels. On the other hand, US - based manufacturers may see an opportunity to gain market share domestically, but they also face the challenges of higher input costs and potential shortages of key components. Overall, while the construction hoist market has growth potential, the US tariffs are creating significant headwinds that require careful navigation by industry players through strategies like cost - cutting, supply chain reconfiguration, and market diversification.
LP Information, Inc. (LPI) ' newest research report, the “Construction Hoist Industry Forecast” looks at past sales and reviews total world Construction Hoist sales in 2024, providing a comprehensive analysis by region and market sector of projected Construction Hoist sales for 2025 through 2031. With Construction Hoist sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Construction Hoist industry.
This Insight Report provides a comprehensive analysis of the global Construction Hoist landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Construction Hoist portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Construction Hoist market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Construction Hoist and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Construction Hoist.
This report presents a comprehensive overview, market shares, and growth opportunities of Construction Hoist market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 2 ton
2-3 ton
Above 3 ton
Segmentation by Application:
Residential Building
Commercial Building
Industrial Building
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Zoomlion
Alimak
XL Industries
Hongda Construction
XCMG
Fangyuan
Guangxi Construction
Dahan
Sichuan Construction
Böcker
STROS
GEDA
Zhejiang Construction Machinery
China State Construction
Jaypee
ELECTROELSA
BetaMax
Jinglong Engineering. Machinery Co., Ltd
Maber
Alba
Scanclimber
Jaso
Key Questions Addressed in this Report
What is the 10-year outlook for the global Construction Hoist market?
What factors are driving Construction Hoist market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Construction Hoist market opportunities vary by end market size?
How does Construction Hoist break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A construction hoist is an essential piece of temporary equipment widely used in high-rise and large-scale building projects to ensure the vertical movement of goods and personnel during the construction phase. Operated electrically and typically running along a fixed mast structure attached to the building, the hoist consists of a cage or car that travels on a rack-and-pinion or wire rope system, guided by mast sections. Construction hoists are designed to withstand harsh environmental conditions and are equipped with safety devices such as limit switches, interlocks, and overload protection systems to prevent accidents. These hoists offer significant efficiency in reducing manual handling and time spent on transporting heavy or bulky materials up and down a structure. They are indispensable for improving productivity and safety on site, especially when scaffolding or tower cranes cannot provide flexible, fast, or direct vertical access. Their modular design allows for height customization, and they can be dismantled and reused on different projects, making them a cost-effective investment for contractors.
The construction hoist market is on a trajectory of growth, this growth is underpinned by the global construction industry's continuous expansion. In emerging economies, rapid urbanization is spurring a plethora of construction projects, which in turn is fueling the demand for construction hoists. Technological innovation is also a significant driver; intelligent control systems are being incorporated to enhance safety and efficiency, and high - strength, lightweight materials are being used to boost performance and reduce energy consumption. Additionally, the growing environmental consciousness has led to an increasing demand for green and energy - efficient construction hoists, compelling manufacturers to develop products that adhere to environmental standards.
However, US tariffs have introduced a host of challenges to the industry. The construction hoist market is intricately connected to the broader construction and manufacturing sectors, both of which are severely affected by tariffs. The US tariffs on imported construction materials, such as steel, aluminum, and components used in hoist manufacturing, have significantly increased production costs. For example, the 25% tariff on imported steel since March 2025 has directly raised the cost of raw materials for construction hoist manufacturers. As a result, the prices of construction hoists have likely increased, making them less competitive in the US market. This price hike may lead to a decrease in demand, as construction companies may delay or scale back projects due to higher equipment costs.
Furthermore, the tariffs disrupt the global supply chain. Construction hoist manufacturers often source components from various countries to optimize costs and quality. The tariffs can lead to delays in the delivery of components, as companies may need to re - evaluate and re - route their supply chains to mitigate the tariff impact. This can cause production bottlenecks and further increase costs. In addition, US - based manufacturers who rely on imported parts for their construction hoists may face shortages, forcing them to either find alternative suppliers, which may not be immediately available or as cost - effective, or to increase their domestic production. But domestic production may not be able to meet the full demand in the short term, given the existing capacity constraints.
The tariffs also impact international trade dynamics. For countries that are major exporters of construction hoists to the US, such as China, which holds a significant share in the global construction hoist market, the tariffs can lead to a decline in exports. Construction hoist manufacturers in these countries may need to explore alternative markets in regions like Southeast Asia or Europe. However, this shift requires substantial investment in market research, marketing, and establishing new distribution channels. On the other hand, US - based manufacturers may see an opportunity to gain market share domestically, but they also face the challenges of higher input costs and potential shortages of key components. Overall, while the construction hoist market has growth potential, the US tariffs are creating significant headwinds that require careful navigation by industry players through strategies like cost - cutting, supply chain reconfiguration, and market diversification.
LP Information, Inc. (LPI) ' newest research report, the “Construction Hoist Industry Forecast” looks at past sales and reviews total world Construction Hoist sales in 2024, providing a comprehensive analysis by region and market sector of projected Construction Hoist sales for 2025 through 2031. With Construction Hoist sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Construction Hoist industry.
This Insight Report provides a comprehensive analysis of the global Construction Hoist landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Construction Hoist portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Construction Hoist market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Construction Hoist and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Construction Hoist.
This report presents a comprehensive overview, market shares, and growth opportunities of Construction Hoist market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 2 ton
2-3 ton
Above 3 ton
Segmentation by Application:
Residential Building
Commercial Building
Industrial Building
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Zoomlion
Alimak
XL Industries
Hongda Construction
XCMG
Fangyuan
Guangxi Construction
Dahan
Sichuan Construction
Böcker
STROS
GEDA
Zhejiang Construction Machinery
China State Construction
Jaypee
ELECTROELSA
BetaMax
Jinglong Engineering. Machinery Co., Ltd
Maber
Alba
Scanclimber
Jaso
Key Questions Addressed in this Report
What is the 10-year outlook for the global Construction Hoist market?
What factors are driving Construction Hoist market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Construction Hoist market opportunities vary by end market size?
How does Construction Hoist break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
162 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Construction Hoist by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Construction Hoist by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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