Asia Pacific Electric Hoists Market Report 2025

Asia Pacific Electric Hoists Market Report 2023 Market Size Split by Type (Electric Chain Hoists, Electric Wire Rope Hoists), Application (Factories, Construction Sites, Marinas & Shipyards, Mining & Excavating Operation, Warehouse, Other), Technology (remote control, automation), suspension (hook, lugs mount), load bearing capacity chain (0.25-5.0 tons, 5.1-10.0 tons, 10.1-15.0 tons, 15.1-20.0 tons, 20.0-32.0 tons), load bearing capacity wire (0.5-10.0 tons, 10.0-15.0 tons), Distribution Channel (direct sales, indirect sales)

Asia Pacific Electric Hoists Market Report Description

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The electric hoist market report provides a detailed study of the market. top and rising competitors. The report includes a complete listing of significant firms that have been selected based on the sort of goods they sell as well as other market considerations. The global electric hoist market witnesses the presence of a large number of players

Top Companies Market Share in Asia Pacific Electric Hoists Industry: (In no particular order of Rank)

• Columbus McKinnon
• Kito
• Terex
• Konecranes
• Ingersoll Rand
• TRACTEL
• PLANETA
• Hitachi
• KAWASAKI
• J.D. Neuhaus• TOYO
• Gorbel
• DAESAN
• Milwaukee Tool
• VERLINDE
• LIFTKET
• Li An Machinery
• DL Heavy Industry
• Nanyang Kairui
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Asia Pacific Electric Hoists Market Analysis

Based on the type, electric chain hoists are preferable to wire ropes because they are generally cost-effective and easier to operate for users. Also, chain hoists are made up of steel and corrosion-resistant material that gives them strength to raise large machinery and stand with lubricant moisture. Advancement in chain hoists, in terms of anti-corrosion hoists, is likely to augment the electric hoist market share in the next few years.
For instance- Electric chain hoists are quite user-friendly and safe to operate coming with a promised quality of robust and strong structure, there are different mechanisms and limit switches installed to enhance the durability of the hoist. (source:https://kito.co.in/electric-chain-hoists/)
Additionally, electric wire rope hoists are good for high capacity requirements but they are more expensive than chain hoists. Wire rope hoists are also not advised for applications where minimized contamination and ease of cleaning are major concerns. Applications like clean rooms, food processing, or medical and high-tech manufacturing all lend themselves more readily to electric chain hoists are compact and typically contained in an enclosed body, making cleaning easier.
 

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

In terms of application, the construction segment dominates the market of electric hoists among others. The rapid growth of the construction sector across the globe is due to rising population and globalization factors. Infrastructure construction and development have accelerated and led to an increase in demand for electric hoists for its several uses. Rising expenditure on construction equipment reflects the demand for electric hoists market growth. 
For instance- Demand for electric hoisting equipment increased at a CAGR of 2% from 2018 to 2022 and is expected to progress at 8.4% CAGR from 2023 to 2033. India is an attractive market for material handling equipment with sales of 7.7 thousand units in 2021.
Additionally, electric hoists are needed on construction sites because it is precise, safe, and environmentally friendly lifting capabilities. Also, the market experiencing a new trend for renting electric hoists reduces the upfront capital investment required for purchasing equipment, allowing companies to allocate resources more efficiently. Hence, with the growing demand for electric hoists at construction sites prioritize cost-effective solutions and safe options.
 

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

Asia Pacific Electric Hoists Technology Segment Analysis

• remote control
• automation

Asia Pacific Electric Hoists suspension Segment Analysis

• hook
• lugs mount

Asia Pacific Electric Hoists load bearing capacity chain Segment Analysis

• 0.25-5.0 tons
• 5.1-10.0 tons
• 10.1-15.0 tons
• 15.1-20.0 tons
• 20.0-32.0 tons

Asia Pacific Electric Hoists load bearing capacity wire Segment Analysis

• 0.5-10.0 tons
• 10.0-15.0 tons

Asia Pacific Electric Hoists Country Analysis

In this section we have included market revenue, share, type, application and other segment analysis for each country level. Our team identifies and analyses potential risks associated with operating in each country, including rules and regulations, geopolitical risks, and other market-specific challenges. We estimate historical data and forecast future trends to understand the market's current situation in each country. This analysis helps key players to build strategies to strengthen their foothold in Asia Pacific Electric Hoists market.

• China
• Japan
• Korea
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest of APAC

The Current Published report Editon on the website includes the following list of countries analysis whereas in case you looking to access any other country or states level data under Asia Pacific then please revert us to access the exclusive Asia Pacific Electric Hoists industry report Edition.

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Asia Pacific Electric Hoists Market is witnessing significant growth in the near future.

In 2023, the Electric Chain Hoists segment accounted for noticeable share of Asia Pacific Electric Hoists Market and is projected to experience significant growth in the near future.

The Factories segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Columbus McKinnon, Terex and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the market.

Frequently Asked Questions

What is Asia Pacific Electric Hoists market size/share and growth rate?

Asia Pacific Electric Hoistsmarket size and its growth rate has been provided in the report. The historical period included in the report is from 2019 to 2023, whereas, the report provides forecast data for the years 2023 to 2030. This will help you to in terms of market share, regional market share, country level market share to understand how the market has been performing in the past and how it is going to perform in the following years. Correspondingly, historical and forecast analysis comprises sales and revenue data of the Asia Pacific Electric Hoistsmarket. Market size for UK, Europe, North America, Asia Pacific, Middle East & Africa is also included in the report.

What are the major factors affecting the Asia Pacific Electric Hoists market?

The major factors affecting the Asia Pacific Electric Hoists market in a positive, as well as negative perspective, have been provided with detailed analysis in the report. This segment has encompassed drivers, opportunities, and challenges faced by the industry. This will help you to understand the major factors impacting Asia Pacific Electric Hoists market trends and develop your business strategy accordingly.

Who are the top manufacturers of Asia Pacific Electric Hoists? List of Asia Pacific Electric Hoists Companies and there market trend or market share?

Major manufacturers or list of Asia Pacific Electric Hoists manufacturers 2023 involved in the market have been profiled in the report along with their business strategies, recent developments, SWOT analysis, business overview, and market Trend from the year 2018-2022. Asia Pacific Electric Hoists Companies such as Columbus McKinnon, Kito, Terex, Konecranes, Ingersoll Rand, TRACTEL, PLANETA, Hitachi, KAWASAKI, J.D. Neuhaus• TOYO, Gorbel, DAESAN, Milwaukee Tool, VERLINDE, LIFTKET, Li An Machinery, DL Heavy Industry, Nanyang Kairui are part of the final deliverable document along with the same we can provide data for 2nd, 3rd, start-up level companies data and strategies as well. This will help you to understand the competitive analysis of the market and how other players are performing in the market. This detailed competitive analysis will help you to strategize your business accordingly and will keep you one step ahead. A quantitative and qualitative analysis of the main players in the Asia Pacific Electric Hoists market is introduced, from the perspective of sales, revenue and price.

Which segments are covered under Asia Pacific Electric Hoists market segments analysis?

Under Asia Pacific Electric Hoists market segments analysis Type, Application, Technology. It provides detailed insights on each type and application. Further, it provides which sub-segment is dominating the Asia Pacific Electric Hoists market along with its reason. Additionally, the Asia Pacific Electric Hoists market report will help you to analyze which sub-segment is fastest-growing during the forecast period.

What has been the impact of COVID-19 on the Asia Pacific Electric Hoists market?

After the analysis of the complete market, the report has provided how the COVID-19 pandemic has affected the market. All the parameters have covered the overall impact of COVID -19 on the market value, market trend & growth of the market, and how the major players in the particular market are adopting these changes. This will help you to understand the overall optimistic, pessimistic, and neutral effects of the coronavirus pandemic on the Asia Pacific Electric Hoists market.

How the Asia Pacific Electric Hoists market performed till 2023 and how will it perform in the following years?

The Asia Pacific Electric Hoists market has been analyzed thoroughly and has estimated the parameters which have affected the market in the historical period as well as how the market is going to perform in the following years. This will provide a complete market scenario and help you to strategize your next move accordingly to the Asia Pacific Electric Hoists market Share.

Which region is expected to hold the highest market share in the Asia Pacific Electric Hoists market?

The report gives an exhaustive investigation of the Asia Pacific Electric Hoists market at country & regional levels, and provides an analysis of the industry trends in each of the regions, from sales, revenue, and consumption. It will help you to understand which region is dominating the market and is expected to grow significantly in the following years. The regional analysis will help you in strategizing the expansion of business.

What are the parameters used to analyze market position?

Asia Pacific Electric Hoistsmarket report has provided PESTEL and Porter analysis to provide insightful information regarding the market scenario. It also provides market attractiveness analysis with an acknowledgment of various factors within the market, including growth rate and market size, as well as outside factors such as access to raw materials, competition, and industry capacity.

How to order Full Report or Sample pages of the Asia Pacific Electric Hoists market?

The sample report for the Asia Pacific Electric Hoists Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.