United States Electric Lifting Hoist Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The US Electric Lifting Hoist Market is experiencing rapid growth, driven by the increasing demand for automated solutions across various industries. These hoists play a critical role in lifting heavy loads, improving efficiency, and enhancing safety in sectors such as manufacturing, construction, and logistics. The market for electric lifting hoists in the United States is expanding as industries seek more advanced equipment to meet evolving demands for productivity and safety.
Electric lifting hoists come in a variety of types, designed to meet the specific needs of different industries. Chain hoists and wire rope hoists are the two primary types dominating the market. Chain hoists are known for their durability and ability to lift heavy loads over short distances, making them ideal for manufacturing plants, warehouses, and smaller construction sites. Wire rope hoists, on the other hand, are more suited for heavy-duty applications that require lifting over greater distances and in harsher environments, such as large-scale construction and mining operations.
Industries are increasingly requiring hoists with advanced features such as overload protection, variable speed control, and enhanced safety mechanisms. These features ensure the safe and efficient handling of materials, especially in high-risk environments like construction sites or manufacturing floors. The demand for these high-tech hoists is fueling the growth of the Electric Lifting Hoist Market, as more businesses invest in the latest innovations to improve their operational processes.
In addition to safety and efficiency, the need for energy-efficient solutions is another key driver for the growth of the market. As industries strive to reduce their carbon footprint and lower energy costs, electric lifting hoists that offer energy-saving features are becoming increasingly popular. This trend is especially evident in sectors like automotive and aerospace, where energy consumption and sustainability are top priorities.
With the rise of automation and robotics, the demand for electric lifting hoists is expected to continue growing, particularly in sectors that rely heavily on material handling. As industries continue to prioritize safety, efficiency, and sustainability, the Electric Lifting Hoist Market will see a steady increase in the adoption of more advanced hoisting solutions.
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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 US 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
US (United States, US 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 US 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. US Electric Lifting Hoist Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Electric Lifting Hoist Market, By Type
6. US Electric Lifting Hoist Market, By Application
7. US Electric Lifting Hoist Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Electric Lifting Hoist Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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