Articles
Hydraulic Hoist Market share by applications and regions for 2019- 2025
by Pradip Varpe SEO ExecutiveHydraulic Hoist Market to surpass $417 million by
2025; according to a new research report by Global Market Insights, Inc. A
hoist is material handling equipment used in various end-users like metal
processing, chemical, automotive, etc. These hoists are used to transfer heavy
weight objects and materials easily from one place to other. The hydraulic
hoist market is expected to grow significantly over the coming years, due to
the increasing product demand from various end-users including metal
processing, chemicals, construction, etc.
The manual hoist market for metal
processing will have the major part of the Global Hydraulic Hoist Market. It
will cross USD 83.0 million by 2025, at a CAGR over 5.9% till the end of 2025.
Robust growth indicators of construction & automotive industry has
substantially propelled metal demand in the recent years, which shall
subsequently boost industry growth by 2024
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Increasing
industrial activities globally, along with rising urbanization in the
developing countries of Asia Pacific and the Middle East are creating a
significant demand for hydraulic hoists over the past years, and this is
expected to rise moderately till the end of the forecast period.
Major
restraints include the competition from the electric hoists, coupled with the
lack of technical expertise to operate the hydraulic hoists. Additionally, the
requirement to service the hoists regularly will also show a negative impact on
the growth of the global hydraulic hoist market over the forecast period.
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Manual
chain hoists will cross USD 370.0 million by the end of 2025, growing at a CAGR
over 5.6% over the projected period. They provide very high load capacities,
compared to lever hoists. Moreover, the hydraulic chain hoists are east to
operate than lever hoists. These factors are responsible for the growth of
manual chain hoists over the forecast period.
0.5 –
20.0 tons load bearing capacity range of manual chain hoists will hold the
highest share of the total manual chain hoist market and will cross USD 240.0
million by the end of 2025. 5.1 – 10.0 tons load bearing capacity range of
hydraulic lever hoists will have the major chunk of global manual lever hoist
market in 2017, and this will cross USD 35.0 million by 2025, at CAGR more than
5.3%.
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Asia Pacific manual hoist market is
expected to cross USD 140.0 million by the end of 2025, growing at a CAGR of
over 5.9%. North America regional market has the second largest share of the
global market, and it will cross USD 100.0 million by the end of 2025, at a
CAGR over 5.4%.
Key companies in the global
hydraulic hoist market are Ingersoll-Rand plc, Columbus McKinnon, KITO Group,
Harrington Hoists, Inc., JDN Group, Vital Chain Block, OZ Lifting Products,
Venus Engineers, Tractel, and Vulcan Compagnie de Palans Ltée.
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Global Market Insights:
Global Market Insights, Inc., headquartered
in Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
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About Pradip Varpe 
SEO Executive
3 connections, 0 recommendations, 19 honor points.Joined APSense since, July 18th, 2019, From Selbyville, United States.
Created on Jul 24th 2019 04:51. Viewed 389 times.
