PUBLISHER: The Business Research Company | PRODUCT CODE: 1888378
PUBLISHER: The Business Research Company | PRODUCT CODE: 1888378
A personnel and material hoist is a temporary elevator system installed on the exterior or interior of structures under construction or maintenance. It is designed for the vertical movement of workers, tools, and building supplies between different levels. These systems include a cage or platform that travels along a guided mast, providing essential access and logistical support.
The key product types of personnel and material hoists include personnel hoists, material hoists, and dual-purpose hoists. Personnel hoists are mechanical lifting systems designed to safely transport workers between different elevations at construction sites, mining areas, and industrial facilities. These hoists come in various lifting capacities, including below 2 tons, 2-5 tons, and above 5 tons. Based on operation, they are categorized as electric, hydraulic, or pneumatic, and their key end-use industries include construction, mining, industrial, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.
The personnel and material hoists market research report is one of a series of new reports from The Business Research Company that provides personnel and material hoists market statistics, including personnel and material hoists industry global market size, regional shares, competitors with a personnel and material hoists market share, detailed personnel and material hoists market segments, market trends and opportunities, and any further data you may need to thrive in the personnel and material hoists industry. This personnel and material hoists market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The personnel and material hoists market size has grown strongly in recent years. It will grow from $2.39 billion in 2024 to $2.58 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing urbanization, rising construction activities, growing demand for high-rise buildings, expansion of infrastructure projects, and stringent safety regulations.
The personnel and material hoists market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising adoption of automation, growing focus on energy efficiency, increasing investment in smart cities, expansion of modular construction, and rising demand for faster project completion. Key trends in the forecast period include integration of IoT and remote monitoring, development of lightweight and high-strength materials, adoption of predictive maintenance technologies, advancements in safety features and sensors, and increasing use of data analytics for operational efficiency.
The growth in construction projects is expected to drive the expansion of the personnel and material hoists market in the coming years. Construction project volume refers to the total amount of construction work carried out within a specific period, typically measured by the number, scale, and value of ongoing or completed projects. This growth is driven by rising infrastructure demand, which fuels the initiation of new projects, increases material requirements, and intensifies construction activity across regions. Personnel and material hoists are used in construction projects to safely and efficiently transport workers, tools, and materials vertically between building levels, enhancing productivity and site safety. For example, in June 2025, the Census Bureau reported that the number of privately owned dwelling units approved by building permits in the US increased by 0.2% from May, reaching a seasonally adjusted annual rate of 1,397,000. This illustrates how the growth in construction projects is contributing to the expansion of the personnel and material hoists market.
Key companies in the personnel and material hoists market are focused on developing innovative solutions such as rack and pinion systems to improve lifting efficiency, ensure smoother vertical movement, and enhance safety and stability during personnel and material transport in construction and industrial settings. Rack and pinion systems are mechanical setups that convert rotational motion into linear motion, enabling smooth and controlled vertical movement in hoists. For instance, in June 2025, Direct Hoist, a UK-based personnel and material hoists company, launched Electroelsa H05 for both material and personnel lifting. The system uses a rack and pinion setup suitable for transporting goods and personnel, accommodating diverse site requirements. The Electroelsa H05 has a carrying capacity of 500 kg and a maximum operational height of 160 m. It can transport goods or up to two passengers and is designed for quick and secure assembly directly from within the cage, ensuring full enclosure once installed.
In May 2024, Mazzella Companies, a US-based lifting and rigging solutions provider, acquired Piedmont Hoist & Crane for an undisclosed amount. The acquisition aimed to strengthen Mazzella's engineering, manufacturing, and technical capabilities by integrating Piedmont's custom-engineered hoist and crane systems. Piedmont Hoist & Crane is a US-based company specializing in overhead cranes and lifting equipment.
Major players in the personnel and material hoists market are KONE Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd., Alimak Group AB, Kito Corporation, Scanclimber, XL Industries, Fraco Products, Torgar, DeJong Hoists, Pega Hoist, Electroelsa Srl, GEDA USA LLC, BetaMax Hoist, Safelift, Maber Hoist, Camac-Machinery, Direct Hoist, STROS, Raxtar, and Beijing Ihurmo Industry.
North America was the largest region in the personnel and material hoists market in 2024. The regions covered in personnel and material hoists report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the personnel and material hoists market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The personnel and material hoists market consists of sales of traction hoists, rack and pinion hoists, hoist cages and platforms, mast sections and ties, hoist motors and drive systems, control panels and operating devices, safety brakes and governors, counterweights, landing gates and doors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Personnel And Material Hoists Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on personnel and material hoists market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for personnel and material hoists ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The personnel and material hoists market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.