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The Global Hoists Market - $2.2 Billion Outlook to 2023 - ResearchAndMarkets.com

September 11, 2018

DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “Hoists Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global hoists market was valued at US$1.535 billion in 2017 and is projected to reach US$2.198 billion in 2023 growing at a CAGR of 6.17% during the forecast period.

An upswing in mining activity and increasing shale gas exploration are augmenting the demand for lifting equipment in order to ensure a high level of safety and reliability during the production process.

Furthermore, rapid globalization has resulted in a high volume of exports and imports across countries, thereby augmenting the demand for hoisting equipment at ports to load/unload heavy or bulky raw material or finished goods.

Due to growing manufacturing industry in the Asia Pacific region coupled with an improvement in the infrastructure activity owing to rising population, rising disposable incomes and increasing demand for residential and commercial buildings in emerging economies such as India and South Korea, the region is projected to witness the fastest market growth during the forecast period.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Hoists Market by Operation Type

6. Global Hoists Market by End-User Industry

7. Global Hoists Market by Geography

8. Competitive Intelligence

9. Company Profiles

Konecranes Murata Machinery Ltd. ABUS Group Hitachi Industrial Equipment Systems Co. Ltd. KITO Corporation Coffing Hoists Columbus McKinnon Corporation ABB 3M Mitsubishi Electric FA Industrial Products Corporation

For more information about this report visit https://www.researchandmarkets.com/research/lt292x/the_global_hoists?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005704/en/

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Related Topics:Cranes and Lifting Equipment

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/11/2018 01:53 PM/DISC: 09/11/2018 01:53 PM

http://www.businesswire.com/news/home/20180911005704/en

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