Title: Hydraulic Hoist industry analysis research and trends report for 2018- 2025
1Hydraulic Hoist Market growth outlook with
industry review and forecasts 2018-2025 Global
Market Insights, Inc.
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2- Global Market Scenario of Hvac Industry
- Hydraulic Hoist Market to surpass 417 million by
2025 according to a new research report by
Global Market Insights, Inc. A hoist is material
handling equipment used in various end-users like
metal processing, chemical, automotive, etc. - These hoists are used to transfer heavy weight
objects and materials easily from one place to
other. The hydraulic hoist market is expected to
grow significantly over the coming years, due to
the increasing product demand from various
end-users including metal processing, chemicals,
construction, etc. - The manual hoist market for metal processing will
have the major part of the Global Hydraulic Hoist
Market. It will cross USD 83.0 million by 2025,
at a CAGR over 5.9 till the end of 2025. - Robust growth indicators of construction
automotive industry has substantially propelled
metal demand in the recent years, which shall
subsequently boost industry growth by 2024
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3Continue-
- Increasing industrial activities globally, along
with rising urbanization in the developing
countries of Asia Pacific and the Middle East are
creating a significant demand for hydraulic
hoists over the past years, and this is expected
to rise moderately till the end of the forecast
period. - Major restraints include the competition from the
electric hoists, coupled with the lack of
technical expertise to operate the hydraulic
hoists. Additionally, the requirement to service
the hoists regularly will also show a negative
impact on the growth of the global hydraulic
hoist market over the forecast period. - Manual chain hoists will cross USD 370.0 million
by the end of 2025, growing at a CAGR over 5.6
over the projected period. - They provide very high load capacities, compared
to lever hoists. Moreover, the hydraulic chain
hoists are east to operate than lever hoists.
These factors are responsible for the growth of
manual chain hoists over the forecast period.
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5- 0.5 20.0 tons load bearing capacity range of
manual chain hoists will hold the highest share
of the total manual chain hoist market and will
cross USD 240.0 million by the end of 2025. - 5.1 10.0 tons load bearing capacity range of
hydraulic lever hoists will have the major chunk
of global manual lever hoist market in 2017, and
this will cross USD 35.0 million by 2025, at CAGR
more than 5.3.
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6- Asia Pacific manual hoist market is expected to
cross USD 140.0 million by the end of 2025,
growing at a CAGR of over 5.9. - North America regional market has the second
largest share of the global market, and it will
cross USD 100.0 million by the end of 2025, at a
CAGR over 5.4.
- Key companies in the global hydraulic hoist
market are Ingersoll-Rand plc, Columbus McKinnon,
KITO Group, Harrington Hoists, Inc., JDN Group,
Vital Chain Block, OZ Lifting Products, Venus
Engineers, Tractel, and Vulcan Compagnie de
Palans Ltée.
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7Latest Research Report On Hydraulic Hoist
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