South Korea Electric hoist Market Estimation, Forecasts and CAGR

Overview Of Electric hoist Industry 2021-2025:

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The Electric hoist Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions.
Electric Hoist is a mechanical device with electricity power-sources for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload. The basic electric hoist has two important characteristics to define it: Lifting medium and power type.
China and USA are the o dominant producer regions of electric hoist; the production of electric hoist respectively is 423 K Units and 458 K Units in 2015, according about 24.86% and 26.92% of the total amount. China and USA are also the biggest consumer of electric hoist, with the consumption market share of about 19.61% and 27.78% in 2015. Europe is the second largest production area, with the market share of 20.58% in 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.

Leading players in hoist industry are Columbus McKinnon, Kito, Terex, Konecranes. Kito is the largest manufacturer, occupies about 18.53% share of the market. Li An Machinery is the leader player in China, with the market share of about 1.51% in 2015.

By application, Construction Sites accounted for the largest market with about 28.33% of the global volume for electric hoist in 2015. Moreover, it is anticipated to grow at a significant CAGR of 4.43% during the forecast period. With over 23.39% share in the global electric hoist market, the Marinas & Shipyards was the second largest application market for global electric hoist in 2015, and is anticipated to grow at a slightly low CAGR of 4.12%, in terms of volume, during the forecast period.

The electric price of hoist is lower year by year from 1274 USD/Unit in 2011 to 1189 USD/Unit in 2015. The product profit margin is about 29.72% in 2015, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.

In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

Electric hoist Market competition by top manufacturers as follow: Kito, Terex, Hitachi Industrial, Columbus McKinnon, Konecranes, Street Crane, Ingersoll Rand, ABUS, Imer International, TOYO, Gorbel, DAESAN, Milwaukee Tool, VERLINDE, LIFTKET, Li An Machinery, DL Heavy Industry, Nanyang Kairui, Jiangsu Jiali, Niukelun, Chi Zong Machine, TBM, Chongqing Shanyan, Cheng Day, Shanghai Yiying, Beijing Lingying, Shanghai Shuangdiao,

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The global Electric hoist market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

The Type Coverage in the Market are: Electric Chain Hoist
Electric Wire Hoist
Other Electric Hoist

Market Segment by Applications, covers:
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Others

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Major factors covered in the report:

• Global Electric hoist Market summary
• Economic Impact on the Industry
• Market Competition in terms of Manufacturers
• Production, Revenue (Value) by geographical segmentation
• Production, Revenue (Value), Price Trend by Type
• Market Analysis by Application
• Cost Investigation
• Industrial Chain, Raw material sourcing strategy and Downstream Buyers
• Marketing Strategy comprehension, Distributors and Traders
• Study on Market Research Factors
• Global Electric hoist Market Forecast

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The analysis objectives of the report are:

• To know the Global Electric hoist Market size by pinpointing its sub-segments.
• To study the important players and analyse their growth plans.
• To analyse the amount and value of the Global Electric hoistMarket, depending on key regions
• To analyse the Global Electric hoist Market concerning growth trends, prospects and also their participation in the entire sector.
• To examine the Global Electric hoist Market size (volume & value) from the company, essential regions/countries, products and application, background information.
• Primary worldwide Global Electric hoist Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
• To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

Our report offers:

– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.

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