Los Angeles, CA -- (SBWIRE) -- 10/18/2018 -- This report studies the global Hoists market status and forecast, categorizes the global Hoists market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).

A hoist is a mechanical device for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload.

A basic hoist is defined by two chief characteristics. The first is the lifting medium, which may be a wire rope wrapped around a drum or a chain raised by a pulley. The second is the type of power utilized by the hoist. Common power-sources are hydraulics, electricity, air driven motors, and, in the case of a manual hoist, muscle power.

Hoist is a fragmented market with a tail of manufacturers from transnational players to small private companies. However, the leading companies grasped the major market share. For example, in North America, Columbus McKinnon takes about half share of the total market. In Japan and China, KITO is the leading player, while the market is more fragmented. Demag from Terex(Now Konecranes), Stahl from Konecranes( Now Columbus McKinnon) and TRACTEL (mainly manual hoist) are leading suppliers in Europe. In Asia Pacific market, Kito is the market leader with revenue share of 16.91% in 2017. Other leading suppliers in Asia include Hitachi, TOYO and KAWASAKI from Japan, Xi'an Liba, TBM and Zhejiang Wuyi Machinery from China.

Hoist can be classified as Manual Hoists, Electric Hoists, Hydraulic Hoists and Air Hoists by power-sources. Manual Hoists is the most widely used hoist type with 69.99% of the market sales. However, its revenue share is only valued at 33.34% in 2017, due to its cheap average price. Electric Hoists takes volume share of Asia-Pacific Hoists market at 28.09% in 2017, while it takes nearly a half of total revenue market. Hydraulic Hoists and Air Hoists are high end products that only used in specific territory.

Factories accounted for the largest market with about 26.21% of the total market for hoist in 2017. Moreover, it is anticipated to grow at a significant CAGR of 4.73% during the forecast period. With over 18.19% share in the Asia Pacific hoist market, the construction sites was the second largest application market for global hoist in 2017, and is anticipated to grow at a slightly low CAGR of 3.97%, in terms of value, during the forecast period.

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The global Hoists market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR during 2018-2025.

The major manufacturers covered in this report

Columbus McKinnon

Kito

Terex

Konecranes

Ingersoll Rand

TRACTEL

PLANETA

Hitachi

KAWASAKI

TOYO

Imer International

DAESAN

Endo Kogyo

Shanghai Yiying

Xi'an Liba

TBM

Zhejiang Wuyi Machinery

Beijing Lingying

Nanjing Jingming

Nucleon (Xinxiang)

DL Heavy

Mode

Cheng Day

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering

North America

Europe

China

Japan

Southeast Asia

India

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