Executive Summary

The hydraulic hoist market is expected to grow at a CAGR of XX% during the forecast period of 2021-2028. The market is driven by the increasing demand from various end-use industries such as construction, oil & gas, and marine. The Asia-Pacific region is expected to dominate the market due to the increasing infrastructure development activities and the growth of the construction industry in the region.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global hydraulic hoist market is expected to witness significant growth over the forecast period due to the increasing demand from various end-use industries such as construction, oil & gas, and marine.
• The Asia-Pacific region is expected to dominate the market due to the increasing infrastructure development activities and the growth of the construction industry in the region.
• The demand for hydraulic hoists is expected to increase due to the advantages they offer such as high efficiency, reliability, and safety.
• The increasing focus on automation in various industries is expected to create new growth opportunities for the hydraulic hoist market.

Market Drivers

• Increasing demand from various end-use industries such as construction, oil & gas, and marine.
• Advantages offered by hydraulic hoists such as high efficiency, reliability, and safety.
• Growing focus on automation in various industries.

Market Restraints

• High cost associated with hydraulic hoists.
• The availability of alternative lifting equipment such as cranes.

Market Opportunities

• Increasing investment in infrastructure development activities in emerging economies.
• Growing demand for hydraulic hoists in the mining industry.

Market Dynamics

The global hydraulic hoist market is driven by the increasing demand from various end-use industries such as construction, oil & gas, and marine. Hydraulic hoists offer several advantages over other lifting equipment such as high efficiency, reliability, and safety, which is expected to increase their demand in various industries. The increasing focus on automation in various industries is also expected to create new growth opportunities for the hydraulic hoist market.

However, the high cost associated with hydraulic hoists is expected to hinder the market growth. Additionally, the availability of alternative lifting equipment such as cranes may also limit the growth of the hydraulic hoist market.

Regional Analysis

The global hydraulic hoist market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

• North America: The market is expected to witness steady growth due to the increasing demand from end-use industries such as construction and oil & gas.
• Europe: The market is expected to witness moderate growth due to the increasing adoption of hydraulic hoists in various end-use industries.
• Asia-Pacific: The market is expected to dominate the market due to the increasing infrastructure development activities and the growth of the construction industry in the region.
• Rest of the World: The market is expected to witness slow growth due to the limited adoption of hydraulic hoists in various end-use industries.

Competitive Landscape

Leading companies in the Hydraulic Hoist Market:

1. Parker Hannifin Corporation
2. Bosch Rexroth AG
3. Wipro Infrastructure Engineering
4. KYB Corporation
5. Liebherr Group
6. SMC Corporation
7. Tsubakimoto Chain Co.
8. Konecranes Plc
9. Columbus McKinnon Corporation
10. Sun Hydraulics Corporation

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global hydraulic hoist market has been segmented based on type, end-use

• Type: The hydraulic hoist market has been segmented into single-acting hydraulic hoist, double-acting hydraulic hoist, and others.
• End-Use: The market has been segmented into construction, oil & gas, marine, mining, and others.

Category-Wise Insights

• Construction: The construction industry is one of the major end-users of hydraulic hoists. The increasing demand for high-rise buildings and other infrastructure development activities is expected to drive the growth of the hydraulic hoist market in the construction sector.
• Oil & Gas: The oil & gas industry is another major end-user of hydraulic hoists. The increasing demand for oil & gas and the need for efficient lifting equipment are expected to drive the growth of the hydraulic hoist market in the oil & gas sector.
• Marine: The marine industry is expected to witness significant growth in the hydraulic hoist market due to the increasing demand for lifting and transportation of heavy cargo in ports and harbors.
• Mining: The mining industry is also expected to witness significant growth in the hydraulic hoist market due to the increasing demand for lifting and transportation of heavy materials in mines.

Key Benefits for Industry Participants and Stakeholders

• The hydraulic hoist market offers significant growth opportunities for manufacturers, suppliers, and distributors of hydraulic hoists.
• The increasing demand for hydraulic hoists from various end-use industries such as construction, oil & gas, and marine is expected to drive the growth of the market.
• The adoption of hydraulic hoists can help improve the efficiency, reliability, and safety of various lifting and transportation activities.

SWOT Analysis

• Strengths: Hydraulic hoists offer several advantages over other lifting equipment such as high efficiency, reliability, and safety.
• Weaknesses: The high cost associated with hydraulic hoists is expected to hinder the market growth.
• Opportunities: Increasing investment in infrastructure development activities in emerging economies and growing demand for hydraulic hoists in the mining industry.
• Threats: The availability of alternative lifting equipment such as cranes may limit the growth of the hydraulic hoist market.

Market Key Trends

• Increasing adoption of automation in various industries is expected to create new growth opportunities for the hydraulic hoist market.
• The increasing demand for energy-efficient and environmentally friendly hydraulic hoists is expected to drive the growth of the market.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the hydraulic hoist market. The pandemic has led to the shutdown of various industries and disrupted the global supply chain. The construction and oil & gas industries, which are major end-users of hydraulic hoists, were severely impacted by the pandemic. However, with the gradual resumption of economic activities and the increasing demand for infrastructure development activities, the hydraulic hoist market is expected to recover in the post-Covid period.

Key Industry Developments

• In April 2021, Columbus McKinnon Corporation launched the new Lodestar VS electric chain hoist, which is designed to improve productivity and safety in various industrial applications.
• In November 2020, Konecranes Plc announced the acquisition of Jebsen & Jessen’s stake in MHE-Demag, a leading provider of material handling equipment in Southeast Asia.

Analyst Suggestions

• Manufacturers should focus on developing energy-efficient and environmentally friendly hydraulic hoists to meet the growing demand from various industries.
• Companies should focus on expanding their product portfolio and enhancing their distribution channels to increase their market share in the hydraulic hoist market.

Future Outlook

The hydraulic hoist market is expected to witness significant growth over the forecast period due to the increasing demand from various end-use industries such as construction, oil & gas, and marine. The Asia-Pacific region is expected to dominate the market due to the increasing infrastructure development activities and the growth of the construction industry in the region. The increasing adoption of automation in various industries is also expected to create new growth opportunities for the hydraulic hoist market.

Moreover, the increasing demand for energy-efficient and environmentally friendly hydraulic hoists is expected to drive the growth of the market in the coming years. The market players are focusing on product innovation and technological advancements to cater to the growing demand for hydraulic hoists.

Conclusion

In conclusion, the hydraulic hoist market is expected to witness significant growth over the forecast period due to the increasing demand from various end-use industries such as construction, oil & gas, and marine. The Asia-Pacific region is expected to dominate the market due to the increasing infrastructure development activities and the growth of the construction industry in the region.

The adoption of hydraulic hoists can help improve the efficiency, reliability, and safety of various lifting and transportation activities. The market players should focus on developing energy-efficient and environmentally friendly hydraulic hoists to meet the growing demand from various industries. Companies should also focus on expanding their product portfolio and enhancing their distribution channels to increase their market share in the hydraulic hoist market.

Overall, the hydraulic hoist market offers significant growth opportunities for manufacturers, suppliers, and distributors of hydraulic hoists. The market players should be prepared to adapt to the changing market dynamics and consumer demands to succeed in the highly competitive market.