The Crane And Hoist Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Crane And Hoist Market?
The market size for cranes and hoists has seen significant growth lately. It is projected to rise from $32.33 billion in 2024 to $34.48 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Crane And Hoist Industry?
The Crane and Hoist market is projected to expand to a size of $44.19 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.4%.
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What are the Key Growth Drivers Fueling the Crane And Hoist Market?
The drivers in the crane and hoist market are:
• Rising demand for material handling in the automotive industry
• Growing need for heavy lifting in the energy and power sectors
• Stricter regulations on safety prompting the use of cranes and hoists
• Increased need for heavy lifting in shipping and material handling sectors
Global Market Segmentation: Identifying Major Crane And Hoist Industry Segments
The crane and hoist market covered in this report is segmented –
1) By Type: Crane, Hoist
2) By Operation: Hydraulic, Electric, Hybrid
3) By Application: Construction, Transportation And Logistics, Marine, Oil And Gas, Mining, Agriculture, Other Applications
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What are the emerging Trends Shaping the Future of the Crane And Hoist Market?
The trends in the crane and hoist market are:
• The market is being influenced by increasing demands for material handling tools.
• Infrastructure development is being seen as a significant emerging trend.
• Technological advancements and software upgrades are playing a vital role in shaping the market.
• The trend towards investing in public works projects is increasingly apparent.
Who Are the Top Competitors & Leading Players in the Crane And Hoist Market?
The major players in the crane and hoist market are:
• Kubota Corporation
• Kobe Steel Ltd
Regional Dominance: Which Area Leads the Global Crane And Hoist Market Analysis 2025: Comprehensive Overview & Emerging Opportunities Market?
Asia-Pacific was the largest region in the crane and hoist market in 2024
