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Global Air Hoist Market is Projected to Reach US$ 370 million by the end of 2025

Author: QYResearch | Publish date: 2018-11-02 | Views: 28
New report published by QY Research which offers insights on the global Air Hoist market. The Air Hoist market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Air Hoist is expected to reflect a 1.7x increase in the revenue growth. In 2017 the global Air Hoist market was valued at US$ 220 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 370 Mn growing at a value CAGR of 6.6% throughout the period of forecast.

Air Hoist.jpg


New report published by QY Research which offers insights on the global Air Hoist market. The Air Hoist market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Air Hoist is expected to reflect a 1.7x increase in the revenue growth. In 2017 the global Air Hoist market was valued at US$ 220 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 370 Mn growing at a value CAGR of 6.6% throughout the period of forecast.


Click to view the full report TOC, figure and tables:

https://www.qyresearch.com/index/detail/690714/global-air-hoist-industry-research-report-growth-trends-and-competitive-analysis

 

Global Air Hoist Market: Market Driver and Restraint

Applications of Air Hoist are anticipated to create new business segments in the market. Air Hoist is in use for a broad range of Factories products such as consumer goods, automotive parts & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Air Hoist application is developed towards a more active mode.


Manufacturers are exploring the potential of Air Hoist in Construction Sites. Application of Air Hoist in advanced products are gaining traction in the recent years. Recently, manufacturers have started using Air Hoist in the Marinas & Shipyards area. Further, there are also potential uses in the areas of additional functions.


Global Air Hoist Market: Key Takeaways

· On the one hand, Air Hoist manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.

· Besides, they are trying to broaden the applications of Air Hoist such as consumer goods.

· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the comming 5 years.


Global Air Hoist Market: Forecast by Nature

This segment includes Air Chain Hoist, Air Wire Hoist, etc. In terms of volume, Air Chain Hoist segment is expected to remain dominant in the global Air Hoist market.


Global Air Hoist Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. Europe is the dominant market in the global Air Hoist market in terms of value. The Europe Air Hoist market was estimated to be valued at US$ 73.66 Mn in 2017 and is expected to expand at a value CAGR of 7.3% over the forecast period. The North America market is expected to expand at a robust rate of 7.1% in terms of revenue over the forecast period due to the steadily increasing production capacity for consumer goods products in this region.


Global Air Hoist Market: Key Players

Kito, Terex, Hitachi Industrial, Columbus McKinnon, Konecranes, Street Crane, Ingersoll Rand, ABUS, Imer International, etc. are the key vendors included in this report.

The market concentration of Air Hoist is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 35% of sales. Kito Chemical is by far the leader, followed by Terex and Hitachi Industrial. Key Vendors like Columbus McKinnon, Konecranes, and Street Crane, also play important part in regional market, so the market share in each region is quite different.


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https://www.qyresearch.com/index/detail/690714/global-air-hoist-industry-research-report-growth-trends-and-competitive-analysis

 

About US: QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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