[Latest] Global Electric Hoist Market Size/Share Worth USD 4.2 Billion By 2034 At A 5.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

(MENAFN- GlobeNewsWire - Nasdaq) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Electric Hoist Market size & share revenue was valued at approximately USD 2.4 Billion in 2024 and is expected to reach USD 2.5 Billion in 2025 and is expected to reach around USD 4.2 Billion by 2034, at a CAGR of 5.7% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Hitachi Industrial Equipment Systems, Crosby Group, Columbus McKinnon, Demag Cranes and Components, ABUS Cranes, IMER International, Ingersoll Rand, JASO, Industrial Cranes, Kran Direkt, Konecranes, Brady & Morris Engineering, Street Crane, Tianjin Kunda Hoisting Equipment, Verlinde, Yale and others.

Austin, TX, USA, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “ Electric Hoist Market Size, Trends and Insights By Type (Chain, Wire), By Application (Commercial Recovery, Cranes, Workboat, Utility, Others), By Industry Vertical (Aerospace, Automotive & Transportation, Construction, Energy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 ” in its research database.

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According to the latest research study, the global Electric Hoist Market size and share were valued at approximately USD 2.4 billion in 2024, are expected to reach USD 2.5 billion in 2025, and are projected to grow to around USD 4.2 billion by 2034, with a compound annual growth rate (CAGR) of about 5.7% during the forecast period from 2025 to 2034.

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Overview

According to industry experts at CMI, A lot of firms utilize electric hoists to make it easier to lift and transport heavy goods. An electric hoist has a motor that moves things up and down with a chain or wire rope. The technology is easy to use and very accurate. It can also handle challenging chores that would normally take a lot of work. They can use a switch or a remote to turn it on and off.

The goal of these hoists is to help workers do more, feel less worn out, and be safer at work in general. The electric hoist market is being driven by several variables, such as the growing e-commerce sector, increasing safety regulation, growing trends of automation across industry, increasing demand from the renewable energy sector, and others. However, the complexity of integration and standardization presents a significant challenge to market growth.

Key Trends & Drivers

• E-commerce and logistics boom : The rising e-commerce and logistics industry is a significant driver for the electric hoist market. A growing number of individuals are shopping online at sites like Amazon, Alibaba, Walmart, and FedEx. This demands automated warehouses and logistical infrastructure. Luckily, technology has made it possible to employ electric hoists to carry objects efficiently and conveniently. The warehousing industry is vast and rapidly expanding. The European Materials Handling Federation reports that demand for automated warehouse lifting systems has gone up 34% per year since 2023. The main reason for this surge was growth in logistics and online shopping. As logistics operations become more complex, there is a growing need for IoT-enabled hoists that can do things like monitor in real time, predict when maintenance will be needed, and analyze data. The aforementioned facts drive the market.

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• Emphasis on safety and ergonomics : Increasing emphasis on safety and ergonomics is what is driving the market revenue. Electric hoist equipment is equipment that allows the worker to raise objects automatically without their need, which minimizes the risk of musculoskeletal disorders (MSDs) such as back discomfort, strains, and sprains. They make the workplace safer and better for workers by taking the hard labor out of lifting heavy things. This makes workers less stressed and exhausted. Operators may also stay awake and learn more easily because the handles can be adjusted, the controls are simple, and they can use a remote or joystick. Quiet and compact versions are especially useful in busy or sensitive places because they make things more comfortable and easier to reach.

Report Scope

Feature of the Report	Details
Market Size in 2025	USD 2.5 Billion
Projected Market Size in 2034	USD 4.2 Billion
Market Size in 2024	USD 2.4 Billion
CAGR Growth Rate	5.7% CAGR
Base Year	2024
Forecast Period	2025-2034
Key Segment	By Type, Application, Industry Vertical and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Electric Hoist report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• The updated report for 2025 includes an introduction, an overview, and an in-depth industry analysis.
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Electric Hoist report has been modified to include the COVID-19 impact study prior to delivery.)

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SWOT Analysis

• Strengths: The core strength is the automation and efficiency offered by electric hoist . They significantly improve efficiency, safety, and material handling as compared to their alternative. This makes the equipment critical for various industries such as construction, manufacturing, logistics, and warehousing.

• Weakness: Even though smart, automated electric hoists have big long-term benefits for businesses, the high cost of buying and installing them may stop small and medium-sized firms from getting them. Thus, the high initial investment is a major weakness for the market.

• Opportunities: Rapid urbanization and industrialization in developing economies such as India and China offer a lucrative opportunity for industry growth.

• Threats: The fast pace of technology progress (such as AI-based load management and collaborative robotics) could make older hoist models less enticing; thus, companies need to keep making new products to stay ahead of the competition.

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Key questions answered in this report:

• What is the size of the Electric Hoist market, and what is its expected growth rate?
• What are the primary driving factors that push the Electric Hoist market forward?
• What are the Electric Hoist Industry's top companies?
• What are the different categories that the Electric Hoist Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Electric Hoist market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2025−2034
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis

The regional market is divided into North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America : North America is expected to dominate the electric hoist market . The market expansion in the region is due to infrastructure and construction investments. For instance, a secondary source predicts that the United States construction industry will reach an estimated $2.15 trillion in total spending by 2025. Additionally, OSHA's stringent workplace safety rules require improved lifting equipment, driving electrification, and smart hoist adoption across industries.

• Europe: Holds a significant share of the market. To help modernize industry, Europe is developing smart electric hoists that use the Internet of Things (IoT) to monitor them in real time, forecast when they need maintenance, and save energy. In addition, major countries like Belgium, Switzerland, Sweden, Norway, Denmark, Finland, Poland, and Russia help the regional market grow steadily. The manufacturing, shipbuilding, oil and gas, and construction industries are driving this growth.

• Asia-Pacific : The Asia Pacific region is expected to grow at the highest CAGR. The market growth in the region is ascribed to several factors, such as increasing construction and infrastructure development, increasing e-commerce, industrial automation, and growing emphasis on automation in several industries.

• LAMEA : The LAMEA area, which includes Latin America, the Middle East, and Africa, is growing significantly over the forecast period. The growing product launch and increasing spending on infrastructural development of the region.

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List of the prominent players in the Electric Hoist Market :

• Hitachi Industrial Equipment Systems
• Crosby Group
• Columbus McKinnon
• Demag Cranes and Components
• ABUS Cranes
• IMER International
• Ingersoll Rand
• JASO Industrial Cranes
• Kran Direkt
• Konecranes
• Brady & Morris Engineering
• Street Crane
• Tianjin Kunda Hoisting Equipment
• Verlinde
• Yale
• Others

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The Electric Hoist Market is segmented as follows:

By Type

• Chain
• Wire

By Application

• Commercial Recovery
• Cranes
• Workboat
• Utility
• Others

By Industry Vertical

• Aerospace
• Automotive & Transportation
• Construction
• Energy
• Others

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Electric Hoist Market Research/Analysis Report Contains Answers to the following Questions .

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Electric Hoist Market? What are the company profiles, product information, and contact details for these key players?
• What Was the Global Market Status of the Electric Hoist Market? What Was the Capacity, Production Value, Cost, and PROFIT of the Electric Hoist Market?
• What Is the Current Market Status of the Electric Hoist Industry? What's the market's competition in this industry, both company-wise and country-wise? What is the market analysis of the electric hoist industry, considering its applications and types?
• What Are Projections of the Global Electric Hoist Industry Considering Capacity, Production, and Production Value? What will be the estimated cost and profit? What Will Be Market Share, Supply, and Consumption? What about imports and exports?
• What is a Electric Hoist market chain analysis of upstream raw materials and downstream industries?
• What is the economic impact on the Electric Hoist industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are the Market Dynamics of the Electric Hoist Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Hoist Industry?

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Reasons to Purchase Electric Hoist Market Report

• The Electric Hoist Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Electric Hoist The Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Electric Hoist Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprise a company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• Recent developments, including growth opportunities and drivers, as well as challenges and restraints in both emerging and developed regions, shape the industry's current and future market outlook.
• Electric Hoist Market: Includes in-depth market analysis from various perspectives through Porter's five forces analysis and offers an overview of the market through the value chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Electric Hoist market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established leaders drive market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Hoist market analysis.

• The report covers the competitive environment of current and potential participants in the Electric Hoist market, along with their strategic product development ambitions.

• This study conducts a qualitative and quantitative analysis of the Electric Hoist market based on the component, application, and industry vertical. Additionally, the report provides comparable data for the key regions.

• The report provides actual market sizes and forecasts for each segment mentioned above.

Who should buy this report?

• Participants and stakeholders worldwide Electric Hoist market should find this report useful. The research will be useful to all market participants in the Electric Hoist industry.

• Managers in the Electric Hoist sector are interested in publishing up-to-date and projected data about the worldwide Electric Hoist market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Hoist products' market trends.

• Analysts, researchers, educators, strategy managers, and government organizations seek market insights to develop plans.

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