The global construction hoist market was valued at USD 855.1 million in 2018 and is expected to reach USD 1,125.4 million in 2026, growing at a CAGR of 3.5% during the forecast period.
Construction hoist is construction equipment used in lowering and lifting the goods and construction materials. It is a durable and robust machine which is designed to withstand a heavy load and survive in heavy load condition. These construction hoists are operated through electrically, manually, and the wire or rope fibers.
Construction Hoist Market Segmentation |
|
| By Product Type | 1. Less than 2 Ton |
| 2. 2-3 Ton | |
| 3. Above 3 Ton | |
| By Operation | 1. Pneumatic |
| 2. Electric | |
| 3. Hydraulic | |
| 4. Others | |
| By End-use | 1. Residential |
| 2. Commercial | |
| 3. Industrial | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of the construction hoist market is primarily driven by growing demand for lifting loads in the construction industry, growing industrialization and urbanization, and increase in infrastructure development. Moreover, rising End-uses in work platforms, service elevators, lifting construction materials and goods, and transport platforms in emerging countries also drives the growth of the global construction hoist market. On the other hand, volatility in raw material cost and lack of skilled manpower to operate hoist is creating a major hindrance for its market growth. However, continuous development by the government in the road, bridge, dam, and public transport, and new projects for construction of buildings and structures in developing and developed countries, and growing construction of skyscrapers is expected to create major growth opportunities for construction hoists during the forecast period.
The less than 2-ton segment expected to hold nearly 55% in the global construction hoist market
Based on the product type, the global construction hoist market has been segmented into less than 2-ton, 2-3 ton, and above 3 ton. The less than 2-ton segment expected to hold the largest market share approximately 55% in the global construction hoist market owing to its excellent properties such high durability, high efficiency, and less costs as compared to other hoists. Such factors are expected to enhance the demand for less than 2-ton construction hoist throughout the forecast period.
Based on the operations, the electric segment is expected to hold the highest CAGR of 4.5% in the market during the forecast period
Based on the operations, the market has been segmented into pneumatic, electric, hydraulic, and others. The hydraulic segment predicted to held for the largest share in the market in 2018 owing to its heavy load carrying capacity, easy and noise-free operation, and energy-efficient as compared to other operations. Major manufacturers such as Liebherr, XCMG, and Zoomlion are investing in the development of hydraulic construction hoists to offer energy-efficient and increased loading capacity hoists. While, the electric segment is expected to hold the highest CAGR of 4.5% in the market during the forecast period
Based on the End-use, the commercial segment is expected to lead during the forecast period
Based on the End-use, the market has been segmented into residential, commercial, and industrial. The commercial segment registered for the largest share in the global market in 2018 due to growth in construction and real estate industry, growing urbanization, and increase in infrastructure development in developing countries.
Asia-Pacific to dominate the construction hoist market throughout the forecast period
Asia-Pacific is estimated to hold for more than 50% market share in the global construction hoist market in 2018 and it is expected to continue its dominance over the forecast period followed by North America and Europe. Strong economic growth in the Asia-Pacific region is one of the key factors driving the consumption of construction hoist in this region. Moreover, the growth of construction, growing urbanization, and increase in government investment in infrastructure development in key countries such as Japan, India, and China are also propelling the growth of construction hoist in the Asia-Pacific region. Europe accounted for the highest CAGR in the global construction hoist market during the forecast period.
Company Profiles and Competitive Intelligence:
The major players operating in the global construction hoist market are Liebherr (Germany), Ingersoll Rand (Ireland), Columbus Mckinnon (US), KITO CORPORATION (Japan), XCMG (China), Zoomlion (China), Guangxi Construction (China), Alimak (Sweden), Brand Industrial Services, Inc. (US), and Sichuan Construction (China) among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Construction Hoist Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Construction Hoist Market
1.3. Market Dynamics
1.4. Global Construction Hoist Market, by Segment, 2018
1.4.1. Global Construction Hoist Market, by Product Type, 2018, (USD Million)
1.4.2. Global Construction Hoist Market, by Operation, 2018, (USD Million)
1.4.3. Global Construction Hoist Market, by End-use, 2018, (USD Million)
1.4.4. Global Construction Hoist Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Construction Hoist Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Construction Hoist Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing demand for lifting loads in construction industry
2.2.2. Growing industrialization and urbanization
2.2.3. Increase in infrastructure development
2.3. Market Restraints
2.3.1. Volatility in raw material cost
2.3.2. Lack of skilled manpower in the developed countries
2.4. Market Opportunities
2.4.1. New projects for construction of buildings and structures
2.4.2. Continuous development by government in road, bridge, dam, and public transport
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Construction Hoist Market, by Product Type
3.1. Market Overview, by Product Type
3.1.1. Global Construction Hoist Market, by Product Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Product Type, 2018
3.2. Less than 2 Ton
3.2.1. Global Construction Hoist Market, by 2 Ton, 2016-2026, (USD Million)
3.3. 2-3 Ton
3.3.1. Global Construction Hoist Market, by 2-3 Ton, 2016-2026, (USD Million)
3.4. Above 3 ton
3.4.1. Global Construction Hoist Market, by Above 3 ton, 2016-2026, (USD Million)
Chapter 4 Global Construction Hoist Market, by Operation
4.1. Market Overview, by Operation
4.1.1. Global Construction Hoist Market, by Operation, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Operation, 2018
4.2. Pneumatic
4.2.1. Global Construction Hoist Market, by Pneumatic, 2016-2026, (USD Million)
4.3. Electric
4.3.1. Global Construction Hoist Market, by Electric, 2016-2026, (USD Million)
4.4. Hydraulic
4.4.1. Global Construction Hoist Market, by Hydraulic, 2016-2026, (USD Million)
4.5. Others
4.5.1. Global Construction Hoist Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Construction Hoist Market, by End-use
5.1. Market Overview, by End-use
5.1.1. Global Construction Hoist Market, by End-use, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by End-use, 2018
5.2. Residential
5.2.1. Global Construction Hoist Market, by Residential, 2016-2026, (USD Million)
5.3. Commercial
5.3.1. Global Construction Hoist Market, by Commercial, 2016-2026, (USD Million)
5.4. Industrial
5.4.1. Global Construction Hoist Market, by Industrial, 2016-2026, (USD Million)
Chapter 6 Global Construction Hoist Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Construction Hoist Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Construction Hoist Market
6.3.1. North America Construction Hoist Market, by Product Type, 2016-2026 (USD Million)
6.3.2. North America Construction Hoist Market, by Operation, 2016-2026 (USD Million)
6.3.3. North America Construction Hoist Market, by End-use, 2016-2026 (USD Million)
6.3.4. United States Construction Hoist Market, 2016-2026 (USD Million)
6.3.5. Canada Construction Hoist Market, 2016-2026 (USD Million)
6.4. Europe Construction Hoist Market
6.4.1. Europe Construction Hoist Market, by Product Type, 2016-2026 (USD Million)
6.4.2. Europe Construction Hoist Market, by Operation, 2016-2026 (USD Million)
6.4.3. Europe Construction Hoist Market, by End-use, 2016-2026 (USD Million)
6.4.4. United Kingdom Construction Hoist Market, 2016-2026 (USD Million)
6.4.5. Germany Construction Hoist Market, 2016-2026 (USD Million)
6.4.6. France Construction Hoist Market, 2016-2026 (USD Million)
6.4.7. Rest of Europe Construction Hoist Market, 2016-2026 (USD Million)
6.5. Asia Pacific Construction Hoist Market
6.5.1. Asia Pacific Construction Hoist Market, by Product Type, 2016-2026 (USD Million)
6.5.2. Asia Pacific Construction Hoist Market, by Operation, 2016-2026 (USD Million)
6.5.3. Asia Pacific Construction Hoist Market, by End-use, 2016-2026 (USD Million)
6.5.4. China Construction Hoist Market, 2016-2026 (USD Million)
6.5.5. Japan Construction Hoist Market, 2016-2026 (USD Million)
6.5.6. India Construction Hoist Market, 2016-2026 (USD Million)
6.5.7. Rest of Asia Pacific Construction Hoist Market, 2016-2026 (USD Million)
6.6. Latin America Construction Hoist Market
6.6.1. Latin America Construction Hoist Market, by Product Type, 2016-2026 (USD Million)
6.6.2. Latin America Construction Hoist Market, by Operation, 2016-2026 (USD Million)
6.6.3. Latin America Construction Hoist Market, by End-use, 2016-2026 (USD Million)
6.6.4. Brazil Construction Hoist Market, 2016-2026 (USD Million)
6.6.5. Mexico Construction Hoist Market, 2016-2026 (USD Million)
6.6.6. Rest of Latin America Construction Hoist Market, 2016-2026 (USD Million)
6.7. Middle East & Africa Construction Hoist Market
6.7.1. Middle East & Africa Construction Hoist Market, by Product Type, 2016-2026 (USD Million)
6.7.2. Middle East & Africa Construction Hoist Market, by Operation, 2016-2026 (USD Million)
6.7.3. Middle East & Africa Construction Hoist Market, by End-use, 2016-2026 (USD Million)
6.7.4. GCC Construction Hoist Market, 2016-2026 (USD Million)
6.7.5. Rest of Middle East & Africa Construction Hoist Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Product Type
7.3.2. By Operation
7.3.3. By End-use
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. Liebherr
8.1.1. Liebherr Overview
8.1.2. Liebherr Products Portfolio
8.1.3. Liebherr Financial Overview
8.1.4. Liebherr News/Recent Developments
8.2. Ingersoll Rand
8.2.1. Ingersoll Rand Overview
8.2.2. Ingersoll Rand Products Portfolio
8.2.3. Ingersoll Rand Financial Overview
8.2.4. Ingersoll Rand News/Recent Developments
8.3. Columbus Mckinnon
8.3.1. Columbus Mckinnon Overview
8.3.2. Columbus Mckinnon Products Portfolio
8.3.3. Columbus Mckinnon Financial Overview
8.3.4. Columbus Mckinnon News/Recent Developments
8.4. KITO CORPORATION
8.4.1. KITO CORPORATION Overview
8.4.2. KITO CORPORATION Products Portfolio
8.4.3. KITO CORPORATION Financial Overview
8.4.4. KITO CORPORATION News/Recent Developments
8.5. XCMG
8.5.1. XCMG Overview
8.5.2. XCMG Products Portfolio
8.5.3. XCMG Financial Overview
8.5.4. XCMG News/Recent Developments
8.6. Zoomlion
8.6.1. Zoomlion Overview
8.6.2. Zoomlion Products Portfolio
8.6.3. Zoomlion Financial Overview
8.6.4. Zoomlion News/Recent Developments
8.7. Guangxi Construction
8.7.1. Guangxi Construction Overview
8.7.2. Guangxi Construction Products Portfolio
8.7.3. Guangxi Construction Financial Overview
8.7.4. Guangxi Construction News/Recent Developments
8.8. Alimak
8.8.1. Alimak Overview
8.8.2. Alimak Products Portfolio
8.8.3. Alimak Financial Overview
8.8.4. Alimak News/Recent Developments
8.9. Brand Industrial Services, Inc.
8.9.1. Brand Industrial Services, Inc. Overview
8.9.2. Brand Industrial Services, Inc. Products Portfolio
8.9.3. Brand Industrial Services, Inc. Financial Overview
8.9.4. Brand Industrial Services, Inc. News/Recent Developments
8.10. Sichuan Construction
8.10.1. Sichuan Construction Overview
8.10.2. Sichuan Construction Products Portfolio
8.10.3. Sichuan Construction Financial Overview
8.10.4. Sichuan Construction News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Operations I – Secondary Research
9.2.2. Operations II – Primary Research
9.2.3. Operations III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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