Crane and Hoist Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Crane and Hoist Market
A crane is a type of machine, generally equipped with a hoist rope, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It is mainly used for lifting heavy objects and transporting them to other places. The device uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of a human. Cranes are commonly employed in transportation for the loading and unloading of freight, in construction for the movement of materials, and in manufacturing for the assembling of heavy equipment.
The global Crane and Hoist market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The cranes market in Asia Pacific held the largest market share in 2017. Asia Pacific being the most rapidly growing market offers a huge opportunity for agricultural equipment manufacturers owing to the enormous development in the farm machinery segment. This is driven by the increased demand for the mechanization of farms to address the needs of the growing population. Several governments provide support to increase the productivity in the agriculture sector through the automation of farming methods. India and China are the major markets for cranes in Asia Pacific. Moreover, the rapid development of industries such as construction, agriculture, infrastructure, and mining drives the market for cranes in India and Australia.
This report aims to provide a comprehensive presentation of the global market for Crane and Hoist, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Crane and Hoist.

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Report Scope
The Crane and Hoist market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Crane and Hoist market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Crane and Hoist manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Segment by Type
• Hoists
• Cranes

Segment by Application
• Dam Building
• Bridge Building
• Shipyards
• Power Plants
• High Rise Buildings
• Automotive
• Others

By Company
Liebherr, XCMG, Zoomlion, Manitowoc, FAVCO, DAHAN, Fushun Yongmao, WOLFFKRAN, ZHEJIANG CONSTRUCTION MACHINERY, SCM, HKTC, HENG SHENG, FANGYUAN GROUP, Huaxia, Guangxi Construction

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