Hoist Global Market Report 2026

A hoist is a mechanical apparatus designed for lifting, lowering, or relocating heavy objects by means of a drum or lift wheel around which a rope or chain is wound. Hoists can be operated manually, powered electrically, or driven pneumatically, and they find widespread application in construction, manufacturing, and warehousing to manage heavy loads.

Hoists are available in several types including planetary gear, worm gear, and others. Planetary gears involve multiple gears revolving around a central gear, resembling the orbits of planets around the sun. Hoist ropes can be chain hoists or wire/rope hoists, operated through hydraulic, electric, pneumatic, or manual methods. They come in various capacities such as up to 1000 lbs., 1000 lbs. to 2000 lbs., 2000 lbs. to 4000 lbs., 4000 lbs. to 6000 lbs., 6000 lbs. to 8000 lbs., 8000 lbs. to 10000 lbs., 10000 lbs. to 12000 lbs., 12000 lbs. to 16000 lbs., and above 16000 lbs. These hoists serve diverse industries including automotive, railway, aerospace, defense, transportation, logistics, construction, shipping, marine, material handling, agriculture, forestry, mining, oil and gas, among 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.

Tariffs are impacting the hoist market by increasing the cost of imported motors, gearboxes, chains, wire ropes, and electronic control components. Construction and industrial users in North America and Europe are most affected due to reliance on imported lifting equipment, while Asia-Pacific manufacturers face export pricing challenges. These tariffs are raising equipment acquisition costs and slowing replacement cycles. However, they are also encouraging localized production, regional assembly, and innovation in durable, energy-efficient, and safety-enhanced hoist systems.

The hoist market research report is one of a series of new reports from The Business Research Company that provides hoist market statistics, including hoist industry global market size, regional shares, competitors with a hoist market share, detailed hoist market segments, market trends, and opportunities, and any further data you may need to thrive in the hoist industry. This hoist 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 hoist market size has grown strongly in recent years. It will grow from $2.54 billion in 2025 to $2.69 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growth of construction activities, expansion of manufacturing plants, reliance on manual lifting equipment, industrial safety regulations, growth of shipping and logistics.

The hoist market size is expected to see strong growth in the next few years. It will grow to $3.32 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to factory automation adoption, growth of e-commerce warehousing, demand for smart material handling solutions, stricter safety compliance standards, expansion of infrastructure projects. Major trends in the forecast period include growing demand for automated lifting equipment, expansion of warehouse and logistics infrastructure, adoption of electric and smart hoists, focus on workplace safety and load control, integration of hoists with material handling systems.

The rising marine industry is expected to drive the growth of the hoist market going forward. The marine industry includes all activities related to the transportation of goods and passengers via waterways, such as oceans, seas, rivers, and canals. This growth is fueled by factors like globalization, increased international trade, growing demand for goods, the expansion of e-commerce, and advancements in maritime technology. Hoists improve efficiency, safety, and precision in various marine operations, making them essential in shipyards, ports, offshore platforms, and other maritime settings. For instance, in June 2025, according to the Bureau of Economic Analysis, a US-based economic-analysis agency, the marine economy accounted for $511.0 billion, or 1.8 percent, of current-dollar US gross domestic product in 2023, up from $482.4 billion in 2022, and represented $826.6 billion, or 1.7 percent, of current-dollar gross output in 2023. Therefore, the expanding marine industry is supporting the growth of the hoist market.

Major companies in the hoist market are focusing on incorporating advanced safety and reliability technologies, such as mechanical protection systems, to enhance operational uptime, load handling accuracy, and worker safety. Advanced mechanical protection systems are engineered components that automatically monitor and restrict motion under unsafe conditions, enabling features like overload protection, controlled lifting, and reduced wear on internal parts. For example, in February 2025, Konecranes, a Finland-based industrial lifting-equipment manufacturer, launched the Konecranes D-Series electric chain hoist, an advanced safety-enhanced hoist for efficient and secure industrial lifting applications. It features a slipping clutch with speed monitoring, operating limit switches, and maintenance-free gearbox, brake, and clutch components with up to 10 years of service life. The Konecranes D-Series enhances operational safety, reduces maintenance requirements, and ensures reliable lifting performance across diverse industrial environments.

In May 2024, Mazzella Companies acquired Piedmont Hoist and Crane, positioning itself as one of the leading manufacturers of overhead cranes and lifting equipment in North America. Piedmont Hoist and Crane specialize in manufacturing electric hoists and overhead cranes.

Major companies operating in the hoist market are ABB Ltd., Liebherr-International GmbH, Sany Group, Ingersoll Rand Inc., Konecranes Oyj, ABUS Ltd., Columbus McKinnon Corporation, Kito Corporation, Demag Cranes & Components GmbH, Spanco Inc., Dover Corporation, Jet Equipment & Tools Ltd., Hitachi Industrial Equipment Systems Co., Acco Material Handling Solutions, Liftket Hoffmann GmbH, J. D. Neuhaus, Zenar Corporation, Henan Oriental Machinery Co. Ltd., JASO Industrial Cranes, Verlinde SAV, Donati Sollevamenti S.r.l., CHENG DAY MACHINERY WORKS CO. LTD., Electrolift Inc., David Round Inc., Coffing Hoists

North America was the largest region in the hoist market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hoist market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hoist market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hoist market consists of sales of lifting slings, hooks, shackles, motors, brakes, and gears. 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.

Hoist Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses hoist 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.

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Where is the largest and fastest growing market for hoist ? 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 hoist 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• 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.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Planetary Gear; Worm Gear
• 2) By Hoist Rope: Chain Hoist; Wire Or Rope Hoist
• 3) By Operation: Hydraulic; Electric; Pneumatic; Manual
• 4) By Capacity: Up To 1000 Lbs.; 1000 Lbs. To 2000 Lbs.; 2000 Lbs. To 4000 Lbs.; 4000 Lbs. To 6000 Lbs.; 6000 Lbs. To 8000 Lbs.; 8000 Lbs. To 10000 Lbs.; 10000 Lbs. To 12000 Lbs.; 12000 Lbs. To 16000 Lbs.; Above 16000 Lbs.
• 5) By End-User Industry: Automotive And Railway; Aerospace And Defense; Transportation And Logistics; Construction; Shipping And Marine; Material Handling; Agriculture And Forestry; Mining; Oil And Gas; Other End-User Industries
• Subsegments:
• 1) By Planetary Gear: Single-Stage Planetary Gear Hoists; Multi-Stage Planetary Gear Hoists
• 2) By Worm Gear: Single-Worm Gear Hoists; Double-Worm Gear Hoists
• Companies Mentioned: ABB Ltd.; Liebherr-International GmbH; Sany Group; Ingersoll Rand Inc.; Konecranes Oyj; ABUS Ltd.; Columbus McKinnon Corporation; Kito Corporation; Demag Cranes & Components GmbH; Spanco Inc.; Dover Corporation; Jet Equipment & Tools Ltd.; Hitachi Industrial Equipment Systems Co.; Acco Material Handling Solutions; Liftket Hoffmann GmbH; J. D. Neuhaus; Zenar Corporation; Henan Oriental Machinery Co. Ltd.; JASO Industrial Cranes; Verlinde SAV; Donati Sollevamenti S.r.l.; CHENG DAY MACHINERY WORKS CO. LTD.; Electrolift Inc.; David Round Inc.; Coffing Hoists
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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