Major Key Players of Electric Hoist Market & Industry share 2019–2025 - PowerPoint PPT Presentation

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Major Key Players of Electric Hoist Market & Industry share 2019–2025

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Thriving on yesteryear statistics, China alone produced nearly 4.2 million commercial vehicles and 24.8 million passenger cars – estimates depicting China’s pronounced growth prospects in APAC electric hoist market. – PowerPoint PPT presentation

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Date added: 17 December 2019
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Title: Major Key Players of Electric Hoist Market & Industry share 2019–2025


1
Electric Hoist industry analysis research and
trends report for 2019 - 2025
  • The Asia Pacific belt reigned as a supreme power
    in global electric hoist market in yesteryear,
    primarily on account of the robust automotive
    expansion in this region. While the marketplace
    is characterized by an extensive application
    array, automotive applications have emerged to be
    a profitable investment spot for companies, given
    the fact that these hoists have made cargo
    handling more efficient and reliable. Not to
    mention, the profitability quotient of electric
    hoist industry undeniably relies on the changing
    trends of automotive sector.
  • All in all, it would be apt to mention that
    electric hoist market growth is highly ancillary
    to product advancements. Not to mention, skilled
    operators and qualified maintenance staffs would
    further have a substantially impact on the
    profitability quotient. With changing
    technologies and newer breakthroughs in lifting
    ecosystem, electric hoist is slated to exceed a
    valuation of USD 3.4 billion by 2025.

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2
  • Electric Hoist Market Scenario
  • A recent precedent underlining the aforementioned
    declaration is KITO Corporations acquisition of
    all shares of Erikkila, the Finnish lifting
    equipment manufacturer, under its fully owned
    subsidiary, Kito Europe. Reportedly, the Japan
    based electric hoist industry firm has procured
    Erikkilas crane production business in a bid to
    consolidate its position in Europe market, via
    Erikkilas extensive European sales network.
    Experts believe, Erikillas lightweight modular
    cranes in its extensive product range in all
    likeliness, would enhance Kitos already
    established portfolio in electric hoist market.
  • Riding on the hallmark of durability and
    reliability, CMs latest Lodestar chain hoist is
    claimed to be a breakthrough in electric hoist
    market. Recently launched, this iconic product by
    Columbus McKinnon Corporation reportedly
    integrated Lodestars flagship industry acing
    design with Magneteks enhanced featured premier
    VFDs. Endorsed with Magneteks advanced IMPULSE
    G Mini drive, Lodestar VS electric chain hoist
    apparently harnesses the power of intelligent
    lifting with an absolute state-of-the-art Hoist
    Interface Technology, CM HI-Tech.

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3
Request for a Sample Copy of this Report
_at_ https//www.gminsights.com/request-sample/detail
/2638
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Rights Reserved
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4
  • Regional Analysis
  • Statistics indicate that the Asia Pacific turf
    houses numerous light weight vehicle producers
    with Japan, China, and Korea at the helm covering
    almost 42 (37 million units) of the global auto
    production market. Thriving on yesteryear
    statistics, China alone produced nearly 4.2
    million commercial vehicles and 24.8 million
    passenger cars estimates depicting Chinas
    pronounced growth prospects in APAC electric
    hoist market. For the record, APAC electric hoist
    industry is slated to enter the billion dollar
    frontier by 2025, with a projected CAGR of 7.5
    over 2018-2025.
  • Competitive Analysis
  • The competitive spectrum of global electric hoist
    industry boasts of a portfolio of renowned
    biggies including the likes of Ingersoll-Rand
    plc, Beta Max Hoist, KITO Group, SWF Krantechnik
    GmbH, ABUS Kransysteme GmbH, Hitachi Industrial
    Equipment Systems Co., Ltd, and Konecranes Oyj.

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5
Latest Research Report on Electric Hoist Market _at_
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tric-hoist-market Request for sample of this
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8
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6
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