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Pulished Date July, 2021
ID: 11828
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Crane and Hoist market segmentation By Type (mobile, fixed) By Operation (hydraulic, electric, hybrid), By Industry (construction, shipping and material handling, automotive and railway, aerospace and defense, energy and power, mining, others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: July, 2021
ID: 11828
Pages: 175

Crane and Hoist Market Size, Scope, Trends & Growth (2021 - 2026)

A crane is the type of machine that is mainly equipped with a steel cable, a hoisting cable, or chains and pulleys that can be used both to lift and lower materials and to move them horizontally. Cranes are mainly used to lift heavy objects and transport them to other places. It is used as a means of lifting to lift heavy objects and transport them from one place to another, pneumatically or electrically. The hoists and cranes are of different types: motorized wire rope hoist, hoist with push-pull trolley, explosion proof hoist, double rail hoist and bridge cranes and flexible crane, gantry cranes, monorail cranes, jib cranes and station cranes of work.

The increasing demand for lifting loads in the shipping industry is the vital factor that is accelerating the growth of the market, along with the increasing demand for mineral extraction and handling equipment, rapid urbanization, the growth of the shipping industry construction and population growth are the main factors, among others, in the crane and hoist market. In addition, the increasing demand for material handling equipment within the aerospace and defense industry will create more new opportunities for Grus and hoist market during the forecast period mentioned above.

Recent Developments:

  • ALL is reinvesting heavily in its mobile all-terrain fleet, announcing a mass transport of 21 new Liebherr cranes to be delivered throughout 2021.
  • Terex Cranes is pleased to expand its presence in North America with the appointment of Jonathan Caldwell as Tower Cranes Sales Representative and Michael Goll as Rough Terrain Cranes Business Development Director.
  • Konecranes today launched three new lifting products that update and strengthen its leading portfolio, targeting new and existing industrial customers in segments such as general manufacturing, automotive, and various process industries. Sales of new products are expected to start already this month.

Drivers and Restraints of Crane and Hoist Market:


The growing construction activities of high-rise buildings, as well as the rehabilitation of public places such as airports, subway stations and schools, are driving the growth of the market. Day by day, the size and height of the machines and their components increase, so it has become difficult to deal with these things with the traditional method. With the development of automation, the problem of handling was also solved with the advent of the crane and hoist. A crane and hoist act as an important unit to increase production, reduce shop costs, and improve working conditions. Most operations in the construction industry, the mining industry, and the shipping industry have become dependent on automation for better work efficiency. The current trend towards precision material handling has created a demand for simple cranes. Many advancements have been made in the field of automated aerial material handling for the construction, production lines, warehouse, packaging, transportation and maritime industries.


There are certain restrictions and challenges faced that will hamper the growth of the market. Increased carbon emissions and a lack of skilled labor to operate cranes and forklifts are the main factors hampering market growth. The demand for qualified technicians is increasing. However, many industries face a shortage of qualified engineers and maintenance personnel to adequately support and maintain equipment. Using a large number of components on a crane requires highly skilled workers to assemble machinery and wire harness and operate the crane and hoist to lift and lower various weights.

Crane and Hoist Market Segmentation:

By Type:

  • Mobile
  • Fixed

The mobile crane segment had the largest market share. These factors can be attributed to the extensive use of mobile cranes in heavy equipment construction and assembly activities. These cranes are designed to lift, move, hold and pull loads during operation. In addition, they are also used in construction sites, warehouses, oil rigs, grading yards, factories and others. Due to its heavy usage, the segment is expected to push ahead of schedule.

By Operation

  • Hydraulic
  • Electric
  • Hybrid

The hydraulic segment is expected to have the highest CAGR during the forecast period. Hydraulic cranes are widely used to lift and move heavy materials in warehouses, shipyards, and industrial workshops. Additionally, hydraulic cranes are used in the manufacturing, transportation, and construction industries.

By Industry

  • Construction
  • Shipping & Material Handling
  • Automotive & Railway
  • Aerospace & Defense
  • Energy & Power
  • Mining
  • Others

The construction segment is expected to have the highest CAGR during the forecast period. With the new advanced plans and projects, the use of construction equipment is also increasing. Cranes are widely used in the construction industry due to their performance, strength, and reliability.

Crane and Hoist Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan

Most of the market will be dominated by Asia-Pacific. The need to increase production without compromising quality standards has affected the region's manufacturing sector. Both manufacturers and suppliers face challenges in terms of rising labor costs and high lead times due to manual processes. Therefore, companies automate their procedures thereby boosting the lifting device market in Asia-Pacific.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

  • Konecranes
  • Terex
  • Liebherr
  • Manitowoc
  • Cargotec
  • Zoomlion
  • Ingersoll Rand
  • Columbus Mckinnon
  • Kito
  • Tadano


In 2020, COVID-19 had a negative effect on the crane and hoist market, causing a decrease in crane and hoist shipments and revenue generated by them. As a result, a decrease in the market growth trend has been observed during the first half of 2020. This trend is expected to end in the second half of the year as demand is expected to increase due to increased demand for the construction and industry, transport and handling.

The COVID-19 pandemic has had a significant impact on the crane and hoist market value chain. The us , China, India and Japan, which are suffering from the pandemic, represent a big a part of global crane and hoist manufacturing. The automotive and rail, aerospace and defense sectors are experiencing weak demand, which is expected to continue in the short term due to the global slowdown. Cranes are large, complex systems that require assembly components and wire harnesses. These systems must be put into operation with great precision from the installation phase. A slight miscalculation or inaccuracy can interrupt the entire production process or lead to devastating accidents. To maintain precision, an operator must be technically sound in crane operation. In addition to installation, cranes and hoists need a skilled technician to correct errors, which increases the cost. Additionally, with ever-evolving technologies and ever-increasing automation, cranes and hoists require software updates. This requires regular training of the workforce for effective management of the updated systems. Due to the COVID-19 outbreak, governments have limited the number of employees that can work at various facilities. This has led to the lack of availability of manpower to carry out quality controls, inspections and maintenance operations. Since cranes and hoists require technically competent experts, the present situation has hampered the right functioning of those systems.

1. Introduction                         

          1.1 Market Definition               

          1.2 Scope of the report            

          1.3 Study Assumptions            

          1.4 Base Currency, Base Year and Forecast Periods                  

2. Research Methodology                            

          2.1 Analysis Design                 

          2.2 Research Phases                

                    2.2.1 Secondary Research        

                    2.2.2 Primary Research  

                    2.2.3 Data Modelling     

                    2.2.4 Expert Validation  

          2.3 Study Timeline                   

3. Report Overview                             

          3.1 Executive Summary           

          3.2 Key Inferencees                  

4. Market Dynamics                           

          4.1 Impact Analysis                  

                    4.1.1 Drivers        

                    4.1.2 Restaints     

                    4.1.3 Opportunities       

          4.2 Regulatory Environment              

          4.3 Technology Timeline & Recent Trends            

5. Competitor Benchmarking Analysis                            

          5.1 Key Player Benchmarking            

                    5.1.1 Market share analysis     

                    5.1.2 Products/Service   

                    5.1.3 Regional Presence 

          5.2 Mergers & Acquistion Landscape          

          5.3 Joint Ventures & Collaborations            

6. Market Segmentation                    

          6.1 Crane and Hoist Market, By Type          

                    6.1.1 Mobile         

                    6.1.2 Fixed

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)

                    6.1.4 Y-o-Y Growth Rate Analysis    

                    6.1.5 Market Attractiveness Index    

          6.2 Crane and Hoist Market, By Operation            

                    6.2.1 Hydraulic    

                    6.2.2 Electric        

                    6.2.3 Hybrid         

                    6.2.4 Market Size Estimations & Forecasts (2021-2026)

                    6.2.5 Y-o-Y Growth Rate Analysis    

                    6.2.6 Market Attractiveness Index    

          6.3 Crane and Hoist Market, By Industry               

                    6.3.1 Construction         

                    6.3.2 Shipping & Material Handling  

                    6.3.3 Automotive & Railway    

                    6.3.4 Aerospace & Defense     

                    6.3.5 Energy & Power    

                    6.3.6 Mining         

                    6.3.7 Others         

                    6.3.8 Market Size Estimations & Forecasts (2021-2026)

                    6.3.9 Y-o-Y Growth Rate Analysis    

                    6.3.10 Market Attractiveness Index  

7. Geographical Landscape                          

          7.1 Global Identity Governance and Administration Market, by Region                  

          7.2 North America - Market Analysis (2018 - 2024)               

                    7.2.1 By Country  



                    7.2.2 By Type       

                    7.2.3 By Operation         

                    7.2.4 By Industry  

          7.3 Europe            

                    7.3.1 By Country  






                     Rest of Europe

                    7.3.2 By Type       

                    7.3.3 By Operation         

                    7.3.4 By Industry  

          7.4 Asia Pacific               

                    7.4.1 By Country  




                     South Korea

                     South East Asia

                     Australia & NZ

                     Rest of Asia-Pacific

                    7.4.2 By Type       

                    7.4.3 By Operation         

                    7.4.4 By Industry  

          7.5 Latin America           

                    7.5.1 By Country  




                     Rest of Latin America

                    7.5.2 By Type       

                    7.5.3 By Operation         

                    7.5.4 By Industry  

          7.6 Middle East and Africa                 

                    7.6.1 By Country  

                     Middle East


                    7.6.2 By Type       

                    7.6.3 By Operation         

                    7.6.4 By Industry  

8. Key Player Analysis                        

          8.1 Konecranes              

                    8.1.1 Business Description      

                    8.1.2 Products/Service   

                    8.1.3 Financials    

                    8.1.4 SWOT Analysis      

                    8.1.5 Recent Developments     

                    8.1.6 Analyst Overview  

          8.2 Terex              

          8.3 Liebherr         

          8.4 Manitowoc                

          8.5 Cargotec                  

          8.6 Zoomlion                  

          8.7 Ingersoll Rand          

          8.8 Columbus Mckinnon          

          8.9 Kito                

          8.10 Tadano                   

9. Market Outlook & Investment Opportunities                        


          List of Tables                 

          List of Figures                

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Crane and Hoist Market By Region, From 2021-2026 ( USD Billion )
  2. Global Crane and Hoist Market By Type, From 2021-2026 ( USD Billion )
  3. Global Mobile  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Fixed  Market By Region, From 2021-2026 ( USD Billion )
  5. Global Crane and Hoist Market By Operation , From 2021-2026 ( USD Billion )
  6. Global Hydraulic  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Electric  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Hybrid  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Crane and Hoist Market By Industry, From 2021-2026 ( USD Billion )
  10. Global Construction  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Shipping & Material Handling  Market By Region, From 2021-2026 ( USD Billion )
  12. Global Automotive & Railway  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Aerospace & Defense  Market By Region, From 2021-2026 ( USD Billion )
  14. Global Energy & Power  Market By Region, From 2021-2026 ( USD Billion )
  15. Global Mining  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Others  Market By Region, From 2021-2026 ( USD Billion )

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