South Korea Industrial Hoists Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea Industrial Hoists Market is witnessing significant growth as industries seek more efficient solutions for heavy lifting and material handling. With the rise in manufacturing, construction, and automotive sectors, industrial hoists have become indispensable in South Korea's industrial landscape. These hoists are designed to provide mechanical assistance in lifting heavy loads, and they are used extensively in various sectors, including manufacturing, construction, and warehousing.
In South Korea, industrial hoists are critical for improving operational efficiency and safety. As demand for high-tech manufacturing grows, industries require advanced hoists that offer superior lifting capabilities, reliability, and safety features. For example, industries such as automotive production rely heavily on hoists for assembling and moving vehicle parts. The construction sector also demands hoists for lifting materials to high-rise buildings, where manual lifting is not feasible.
The need for automation in material handling processes is driving the demand for electric hoists in the South Korean market. These hoists are favored for their speed, precision, and energy efficiency. On the other hand, manual hoists are still widely used in smaller industries and workshops, offering cost-effectiveness and simplicity. As industries in South Korea continue to innovate, there is a growing trend toward smart hoists equipped with sensors and integrated with IoT (Internet of Things) technology to optimize performance and reduce maintenance needs.
Manufacturing: Hoists are used to lift heavy machinery parts during assembly and maintenance.
Construction: High-capacity hoists assist in material transportation to high-rise construction sites.
Automotive: Hoists are essential for handling parts and vehicles in assembly lines.
Warehousing: Hoists provide a safe and efficient means of stacking and transporting products in large storage facilities.
Industries in South Korea are increasingly looking for hoists that not only provide lifting capabilities but also come with enhanced safety features. With a focus on reducing accidents and improving productivity, manufacturers are constantly improving hoist designs to meet the specific needs of various industrial sectors. As the industrial hoists market in South Korea continues to evolve, it is clear that the demand for high-performance and customized hoists will remain a driving force in shaping the future of industrial operations.
Get an In-Depth Research Analysis of the South Korea Industrial Hoists Market Size And Forecast [2025-2032]
Â
Columbus McKinnon
Kito
Terex
Konecranes
Ingersoll Rand
TRACTEL
PLANETA
Hitachi
KAWASAKI
J.D. Neuhaus
TOYO
ABUS
Imer International
VERLINDE
DAESAN
ABLE FORGE
Endo Kogyo
Beijing Lieying
Shanghai Yiying
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Industrial Hoists Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Industrial Hoists Market
Electric Hoists
Pneumatic Hoists
Manual Hoists
Chain Hoists
Wire Rope Hoists
Under 1 ton
1 to 5 tons
5 to 10 tons
10 to 20 tons
Above 20 tons
Manufacturing
Construction
Aerospace
Marine
Automotive
Gear Drive Hoists
Direct Drive Hoists
Chain Driven Hoists
Cable Driven Hoists
Hydraulic Hoists
Small and Medium Enterprises (SMEs)
Large Enterprises
Construction Contractors
Logistics and Warehousing
Government and Defense
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Industrial Hoists Market Research Analysis
1. Introduction of the South Korea Industrial Hoists Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Industrial Hoists Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Industrial Hoists Market, By Type
6. South Korea Industrial Hoists Market, By Application
7. South Korea Industrial Hoists Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Industrial Hoists Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/