Personnel And Material Hoists Market Report 2026

Personnel And Material Hoists Market Overview

• Personnel And Material Hoists market size has reached to $2.58 billion in 2025 • Expected to grow to $3.71 billion in 2030 at a compound annual growth rate (CAGR) of 7.5% • Growth Driver: Growth In Construction Project Volume Is Fueling The Growth Of The Market Due To Increasing Demand For Efficient Project Planning And Management Tools • Market Trend: Innovative Rack And Pinion Solutions Drive Advancements In Personnel And Material Hoists • North America was the largest region and fastest growing region.

What Is Covered Under Personnel And Material Hoists Market?

A personnel and material hoist is a temporary elevator system installed on the exterior or interior of structures under construction or maintenance. It is specifically designed for the vertical transportation of workers, tools, and building supplies between different levels. These systems consist of a cage or platform that moves along a guided mast, providing essential access and logistical support. The main product types of personnel and material hoists comprise personnel hoists, material hoists, and dual-purpose hoists. Personnel hoists refer to mechanical lifting systems designed to safely transport workers between different elevations at construction sites, mining areas, and industrial facilities. These hoists are available in various lifting capacities, including below 2 tons, 2–5 tons, and above 5 tons. Based on operation, they are classified as electric, hydraulic, or pneumatic, and serve end-use industries, including construction, mining, industrial, and others.

What Is The Personnel And Material Hoists Market Growth Forecast?

The personnel and material hoists market size is expected to see strong growth in the next few years. It will grow to $3.71 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing deployment of smart monitoring hoists, rising adoption of energy-efficient hoist systems, development of automated and connected platforms, expansion in industrial and mining vertical transport, growing innovation in mast and drive systems. Major trends in the forecast period include integration of automated hoist monitoring systems, adoption of AI-based safety and operational controls, deployment of smart vertical transportation solutions, expansion of modular hoist platforms, implementation of connected construction equipment.

Global Personnel And Material Hoists Market Segmentation

1) By Product Type: Personnel Hoists, Material Hoists, Dual-Purpose Hoists 2) By Lifting Capacity: Below 2 Tons, 2-5 Tons, Above 5 Tons 3) By Operation: Electric, Hydraulic, Pneumatic 4) By End-Use Industry: Construction, Mining, Industrial, Other End-Use Industries Subsegments: 1) By Personnel Hoists: Single Cage Hoists, Twin Cage Hoists, Rack And Pinion Hoists, Wire Rope Hoists 2) By Material Hoists: Rack And Pinion Hoists, Wire Rope Hoists, Trolley Hoists, Winch-Driven Hoists 3) By Dual-Purpose Hoists: Rack And Pinion Dual Hoists, Wire Rope Dual Hoists, Tower-Mounted Dual Hoists, Modular Dual Hoists

What Is The Driver Of The Personnel And Material Hoists Market?

The growth in construction projects is expected to propel the growth of the personnel and material hoists market going forward. Construction project volume refers to the total amount of construction work undertaken within a specific period, typically measured by the number, scale, and value of ongoing or completed projects. The growth in construction projects is due to rising infrastructure demand, which fuels the launch of new projects, increases material requirements, and intensifies construction activity across regions. Personnel and material hoists are used in construction projects to safely and efficiently transport workers, tools, and materials vertically between different building levels, improving productivity and site safety. For instance, in July 2025, according to the Census Bureau, a US-based federal government agency, compared to May, the number of privately owned dwelling units approved by building permits in June of 2025 increased by 0.2% to a seasonally adjusted annual rate of 1,397,000. Therefore, the growth in construction projects is driving the growth of the personnel and material hoists industry.

Key Players In The Global Personnel And Material Hoists Market

Major companies operating in the personnel and material hoists market are Alimak Group AB, Zoomlion Heavy Industry Science & Technology Co. Ltd., Scanclimber, XL Industries, Fraco Products Ltd., Torgar, DeJong Hoists, Pega Hoist, Electroelsa Srl, GEDA GmbH, BetaMax Hoist, Safelift, Maber Hoist, Camac-Machinery, Direct Hoist, STROS, Raxtar, Beijing Ihurmo Industry, Ningbo Hongda Elevator Co. Ltd., Bocker Maschinenwerke GmbH.

Global Personnel And Material Hoists Market Trends and Insights

Major companies operating in the personnel and material hoists market are focused on developing innovative solutions such as rack and pinion systems to enhance lifting efficiency, ensure smoother vertical movement, and improve safety and stability during personnel and material transport in construction and industrial environments. Rack and pinion systems refer to mechanical setups that convert rotational motion into linear motion, enabling smooth and controlled vertical movement in hoists. For instance, in June 2025, Direct Hoist, a UK-based construction personnel and material hoists company, launched Electroelsa H05 for material and personnel lifting. The new lifting solution utilizes a rack and pinion system suited for both goods and personnel transportation, accommodating diverse site requirements and restrictions. The Electroelsa H05 has a carrying capacity of 500 kg and a maximum operational height of 160 m. It can transport either goods or up to two passengers, providing flexibility for various construction needs. The hoist is designed for quick and secure assembly directly from within the cage, ensuring it is fully enclosed once set up.

What Are Latest Mergers And Acquisitions In The Personnel And Material Hoists Market?

In May 2024, Mazzella Companies, a US-based lifting and rigging solutions company, acquired Piedmont Hoist & Crane for an undisclosed amount. The acquisition aimed to strengthen Mazzella’s engineering, manufacturing, and technical expertise by incorporating Piedmont’s custom-engineered hoist and crane systems. Piedmont Hoist & Crane is a US-based overhead crane and lifting equipment company.

Regional Insights

North America was the largest region in the personnel and material hoists market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Personnel And Material Hoists Market?

The personnel and material hoists market consists of sales of traction hoists, rack and pinion hoists, hoist cages and platforms, mast sections and ties, hoist motors and drive systems, control panels and operating devices, safety brakes and governors, counterweights, landing gates and doors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in thePersonnel And Material Hoists Market Report 2026?

The personnel and material hoists market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the personnel and material hoists industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.