Us Electric Lifting Hoist Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Electric Lifting Hoist Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.7 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The U.S. electric lifting hoist market has experienced significant growth in recent years, driven by the increasing demand for efficient material handling solutions across various industries. Electric hoists, powered by electric motors, are essential for lifting and transporting heavy loads, making them indispensable in sectors such as construction, manufacturing, logistics, and mining. This article provides an in-depth analysis of the U.S. electric lifting hoist market, highlighting key trends, growth drivers, and future projections.
Market Overview
The electric hoist market in the United States is projected to reach USD 1.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2031. This growth is attributed to the increasing demand for material handling equipment across various industries, including construction, manufacturing, and logistics. The adoption of electric hoists is driven by their efficiency, safety features, and ability to handle heavy loads with precision.
Key Market Drivers
Industrialization and Infrastructure Development: The ongoing industrialization and infrastructure development in the U.S. have led to a surge in construction activities, thereby increasing the demand for electric hoists in lifting heavy materials such as steel and concrete.
Technological Advancements: Innovations in hoist design, control systems, and safety features have enhanced the performance and reliability of electric hoists, making them more attractive to industries seeking efficient material handling solutions.
Safety Regulations: Stringent safety regulations in workplaces have prompted industries to adopt electric hoists, which offer increased safety compared to manual hoists, thereby reducing workplace accidents and improving operational efficiency.
Market Segmentation
The U.S. electric hoist market can be segmented based on type, load capacity, and end-user industry:
Type: The market includes wire rope hoists, chain hoists, and trolley hoists, among others. Wire rope hoists are the most commonly used, accounting for the largest market share due to their suitability for heavy-duty applications.
Load Capacity: Electric hoists are available in various load capacities, ranging from 250 kilograms to over 5,000 kilograms, catering to diverse industrial needs.
End-User Industry: Key industries utilizing electric hoists include manufacturing, construction, automotive, aerospace, and mining, each requiring specific hoist configurations to meet their operational demands.
Competitive Landscape
The U.S. electric hoist market is characterized by intense competition among key players, with companies focusing on product innovation, mergers and acquisitions, and partnerships to gain a competitive edge. Notable companies in the market include Kito Corporation, Columbus McKinnon Corporation, Harrington Hoists, Inc., and ABUS Crane Systems GmbH, among others. These companies are investing in research and development to introduce advanced hoist solutions that meet the evolving needs of industries.
Future Outlook
The U.S. electric hoist market is expected to continue its growth trajectory, driven by ongoing industrialization, technological advancements, and stringent safety regulations. The integration of Internet of Things (IoT) technology into electric hoists is anticipated to enhance their functionality, allowing for remote monitoring and predictive maintenance, thereby improving operational efficiency and safety. Additionally, the growing emphasis on automation in industries is likely to further boost the demand for electric hoists equipped with advanced features.
In summary, the U.S. electric lifting hoist market is poised for substantial growth, supported by technological innovations, increasing industrial activities, and a strong focus on safety and efficiency. Stakeholders in the industry should stay abreast of market trends and technological advancements to capitalize on emerging opportunities and maintain a competitive edge in the evolving market landscape.
Get an In-Depth Research Analysis of the Global Electric Lifting Hoist Market Size And Forecast [2025-2032]
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Jet Tools
Kito
Terex
Hitachi Industrial
Columbus McKinnon
Konecranes
Street Crane
Ingersoll Rand
ABUS
Imer International
TOYO
Gorbel
DAESAN
Milwaukee Tool
VERLINDE
LIFTKET
Li An Machinery
DL Heavy Industry
Niukelun
TBM
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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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Lifting Hoist Market
Electric Chain Hoists
Electric Wire Rope Hoists
Mini Electric Hoists
Heavy-Duty Electric Hoists
Electric Motor Driven
Pneumatic Driven
Hydraulic Hoists
Under 1 Ton
1 Ton to 5 Tons
5 Tons to 10 Tons
Above 10 Tons
Construction
Manufacturing
Transportation and Logistics
Mining and Metals
Energy and Utilities
Aerospace
Construction Industry
Automotive Industry
Shipping and Warehousing
Utilities
Aerospace and Defense
Retail
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Lifting Hoist 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. Global Electric Lifting Hoist Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Lifting Hoist Market, By Type
6. Global Electric Lifting Hoist Market, By Application
7. Global Electric Lifting Hoist Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Lifting Hoist Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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