Sellbyville, DE -- (SBWIRE) -- 11/30/2018 -- Hydraulic Hoist Market will cross USD 417.0 million. A hydraulic hoist is an equipment which is majorly used for shifting the materials or products from place to place. The hydraulic hoists are operated manually, and are offered in two types, namely chain, and lever types.

The Asia Pacific regional Hydraulic Hoist Market is predicted to have the lion's share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America manual hoist market will also have a decent share by the end of 2025 and will have a size of over USD 100.0 million at the end of 2025.

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Hoists, having found extensive applications across a slew of industry domains, have led to hydraulic hoist market becoming one of the most matured business spheres in recent times. These pivotal products are largely used in areas that involve heavy lifting such as the automotive, construction, mining, chemical, retail, and pharmaceutical sectors. Given the expansion of most of the aforementioned verticals across the Asian belt, it is rather overt that Asia Pacific will emerge to be one of the most lucrative growth avenues for the market. With the expansion of manufacturing and production capabilities, most Asia Pacific based industries are aiming at greater automation of processes which has become one of the driving forces for exploration, innovation and development in the hydraulic hoist industry. Advancement in hydraulic hoist technology has been augmented by customers in this region demanding upgradation in controls, sensor and software as well as precising positioning methodology.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Ingersoll-Rand plc
Columbus McKinnon
KITO Group
Harrington Hoists, Inc.
JDN Group
Vital Chain Block
OZ Lifting Products
Venus Engineers
Tractel
Vulcan Compagnie de Palans Ltée

Manual chain hoists are predicted to cross over USD 370.0 million till 2025, rising at CAGR near to 5.6% in the studied period. Due to their high capacities, and easiness in operation, they are preferred by the consumers over lever hoists.

The load bearing capacity range of 0.5 - 20.0 tons in manual chain hoists are predicted to reach USD 240.0 million till end of the forecast period. The load bearing capacity range of 5.1 - 10.0 tons in lever hoists are predicted to surpass USD 35.0 million till the end of 2025.  

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Hydraulic hoist market, type by load bearing capacity

Chain
5 - 20.0
1 - 50.0
1 - 75.0
1 - 100.0
 

Lever
5 - 5.0
1 - 10.0
1 - 15.0

Hydraulic hoist market, by end-user

Metal processing
Cement
Automotive
Chemical
Mining
Construction, Others

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The extensive growth graph of hydraulic hoist market can be aptly demonstrated by the recent accrual of the Finland based hoist manufacturer, Scanclimber, by the Tractel Group which manufactures, sells and services suspended access solutions, lifting and handling devices and load measurement equipment worldwide. Through the deal both Tractel and Scanclimber are attempting to strengthen their position in the hydraulic hoist industry. While Tractel will use Scanclimber's presence in Norther Europe to expand its business in this region, Scanclimber will benefit from increased sales in regions like North America and Singapore.

Some of the primary players of global hydraulic hoist market include OZ Lifting Products, Vulcan Compagnie de Palans Ltee, Tractel, Venus Engineers, Columbus McKinnon, and Ingersoll-Rand plc among others.