Hydraulic Hoist Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.8 Billion by 2033, exhibiting a CAGR of 5.1% from 2026 to 2033.
The global hydraulic hoist market was valued at USD 4.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The demand for hydraulic hoists is largely driven by their applications in construction, automotive, and industrial sectors. North America dominated the market in 2022, accounting for approximately 35% of the global market share, with a valuation of USD 1.58 billion. The region’s growth can be attributed to the booming construction industry, infrastructure developments, and technological advancements in hoist systems. Asia Pacific is expected to witness the highest growth rate, with a CAGR of 7.2%, reaching USD 1.5 billion by 2030. This growth is driven by rapid urbanization, industrialization, and increasing investments in the construction and manufacturing industries in countries like China and India. In Europe, the market was valued at USD 1.1 billion in 2022, representing a significant share of the global market. The region is seeing a steady demand for hydraulic hoists due to advancements in automation, as well as the need for more efficient lifting solutions in manufacturing and logistics sectors. The Middle East and Africa are expected to experience moderate growth, with the market size forecasted to reach USD 0.6 billion by 2030. The growth in these regions is fueled by rising infrastructure projects and expanding industrial activities. Latin America is also emerging as a promising market, with a steady rise in demand for hydraulic hoists driven by the construction and mining sectors in countries like Brazil and Mexico.
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Ingersoll-Rand
Columbus McKinnon
KITO Group
Harrington Hoists
JDN Group
Vital Chain Block
OZ Lifting Products
Venus Engineers
Tractel
Vulcan Compagnie de Palans Ltée
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. 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 Hydraulic Hoist Market
Electric Hydraulic Hoists
Pneumatic Hydraulic Hoists
Manual Hydraulic Hoists
Hydraulic Chain Hoists
Construction
Manufacturing
Aerospace
Mining
Shipping and Logistics
Automotive Repair
Power Generation
Up to 1 ton
1 to 5 tons
5 to 10 tons
Above 10 tons
Construction and Infrastructure
Automotive
Maritime
Aerospace
Industrial Manufacturing
Energy and Utilities
Waste Management
Direct Sales
Online Retail
Distributors
OEM (Original Equipment Manufacturers)
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 Global Hydraulic 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 Hydraulic Hoist Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydraulic Hoist Market, By Type
6. Global Hydraulic Hoist Market, By Application
7. Global Hydraulic Hoist Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hydraulic Hoist Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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