Electric Hoist Market is Projected to Gain Significant Revenue by 2025
Category: #headlines  By Rahul Varpe  Date: 2021-01-14
  • share
  • Twitter
  • Facebook
  • LinkedIn
Electric Hoist Market is Projected to Gain Significant Revenue by 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.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2638

The 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 market is slated to exceed a valuation of USD 3.4 billion by 2025.

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 China’s pronounced growth prospects in APAC electric hoist market. For the record, APAC electric hoist market is slated to enter the billion dollar frontier by 2025, with a projected CAGR of 7.5% over 2018-2025.

Request for customization @ https://www.decresearch.com/roc/2638

If reports are to be relied on, this is one of the easiest computer interfaces ever utilized in electric hoist market and is certainly the fundamental factor driving CM’s pronounced stance in the competitive landscape. Allegedly, CM HI-Tech™ allows operators to quickly adjust the hoist performance and speed, in a bid to ensure a sync between the precision load control and application required. The product has already become a subject of focus among the investors, despite the fact that the business space is ablaze with numerous other innovations by eminent companies. Driven by such an innovative product landscape, electric hoist industry garnered a revenue of USD 1.9 billion in 2017.

A recent precedent underlining the aforementioned declaration is KITO Corporation’s 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 Erikkila’s crane production business in a bid to consolidate its position in Europe market, via Erikkila’s extensive European sales network. Experts’ believe, Erikilla’s lightweight modular cranes in its extensive product range in all likeliness, would enhance Kito’s already established portfolio in electric hoist market.

Browse complete table of content (TOC) of this report @ https://www.decresearch.com/toc/detail/electric-hoist-market

Riding on the hallmark of durability and reliability, CM’s 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 Lodestar’s flagship industry acing design with Magnetek’s enhanced featured premier VFDs. Endorsed with Magnetek’s 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™.

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. Having already substantiated their stance in the lucrative business sphere, it is expected that in the years to come, they would further brainstorm innovative solutions that would bring appreciable monetary returns in the marketplace. In this regard, it is prudent to mention that electric hoist market players pertaining to the rising demand for technological integration, have been bending over backwards on strategic alliances and subsequent product differentiation.

Related Reports: -

Hydraulic Hoist Market: https://www.globenewswire.com/news-release/2018/06/11/1519435/0/en/Hydraulic-Hoist-Market-to-cross-417mn-by-2025-Global-Market-Insights-Inc.html  

Hoist Controller Market: https://www.globenewswire.com/news-release/2018/07/05/1533563/0/en/Hoist-Controller-Market-to-surpass-104mn-by-2025-Global-Market-Insights-Inc.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Milk Protein Hydrolysate Market Growth, Trends & Covid-19 Impact Analysis
Milk Protein Hydrolysate Market Growth, Trends & Covid-19 Impact Analysis
By Rahul Varpe

Global Analysis and Insights: Milk Protein Hydrolysate Market DecResearch Inc. analyses the market growth at a CAGR of 6.6% during the forecast period. As per our expert opinion, the Milk Protein Hydrolysate market was valued at USD 850 million in 2...

Whiskey Market Future Growth, Key Statistics, Regional Analysis by 2025
Whiskey Market Future Growth, Key Statistics, Regional Analysis by 2025
By Rahul Varpe

Global Analysis and Insights: Whiskey Market DecResearch Inc. analyses the market growth at a CAGR of 5% during the forecast period. As per our expert opinion, the Whiskey market was valued at USD 59 billion in 2018 and projected to cross USD 84 bil...

Food Biotechnology Market Growth Status and Industry Outlook & Forecast to 2025
Food Biotechnology Market Growth Status and Industry Outlook & Forecast to 2025
By Rahul Varpe

Global Analysis and Insights: Food Biotechnology Market DecResearch Inc. analyses the market growth at a CAGR of 10% during the forecast period. As per our expert opinion, the Food Biotechnology market was valued at USD 23 billion in 2018 and projec...