Hydraulic Hoist Market will cross USD 417.0 million; according to a new research report.

A hydraulic hoist is an equipment which is majorly used for shifting the materials or products from place to place. The hydraulic hoists are operated manually, and are offered in two types, namely chain, and lever types. Rising industrialization in all the developing economies is creating a noteworthy growth prospects for manual hoists, which will drive this market at a decent CAGR till the projected period. Rising competition from electric hoists is one of the key factors restricting the growth of this market from growth. Moreover, lack of technical professionals in the developing economies creates an added restriction to this market growth.

Manual chain hoists are predicted to cross over USD 370.0 million till 2025, rising at CAGR near to 5.6% in the studied period. Due to their high capacities, and easiness in operation, they are preferred by the consumers over lever hoists.

The load bearing capacity range of 0.5 ? 20.0 tons in manual chain hoists are predicted to reach USD 240.0 million till end of the forecast period. The load bearing capacity range of 5.1 ? 10.0 tons in lever hoists are predicted to surpass USD 35.0 million till the end of 2025.

In terms of end-user, the hydraulic hoist market for metal processing is expected to exceed USD 83.0 million till 2025, rising at CAGR of 5.9%. Metal processing industries generally requires heavy load transportation from one place to another, thus the product is essentially required for swift day to day business operations, resulting in bright growth prospect for the business in near future.

The Asia Pacific regional hydraulic hoist market is predicted to have the lion?s share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America manual hoist market will also have a decent share by the end of 2025 and will have a size of over USD 100.0 million at the end of 2025.

Some of the primary players of global hydraulic hoist market include OZ Lifting Products, Vulcan Compagnie de Palans Lt?e, Tractel, Venus Engineers, Columbus McKinnon, and Ingersoll-Rand plc among others.

Hydraulic hoist market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in number of units and revenue in USD million from 2014 to 2025, for the following segments:

Hydraulic hoist market, type by load bearing capacity
? Chain

  • ·0.5 - 20.0
  • ·20.1 - 50.0
  • ·50.1 - 75.0
  • ·75.1 - 100.0



? Lever

  • ·0.5 - 5.0
  • ·5.1 - 10.0
  • ·10.1 - 15.0



Electric hoist market, type by end-user
? Chain

  • ·Metal processing
  • ·Cement
  • ·Automotive
  • ·Chemical
  • ·Mining
  • ·Construction
  • ·Others



? Lever

  • ·Metal processing
  • ·Cement
  • ·Automotive
  • ·Chemical
  • ·Mining
  • ·Construction
  • ·Others



Hydraulic hoist market, by end-user

  • ·Metal processing
  • ·Cement
  • ·Automotive
  • ·Chemical
  • ·Mining
  • ·Construction
  • ·Others



The above information is provided on a regional and country basis for the following:

  • ·North America


U.S.
Canada

  • ·Europe


Germany
France
UK
Spain
Russia

  • ·Asia Pacific


China
Japan
India
South Korea
Malaysia

  • ·Latin America


Mexico
Argentina
Brazil
Colombia

  • ·Middle East & Africa


Saudi Arabia
UAE
South Africa
Oman
Qatar
Kuwait