Global Electric Hoist Market Size Likely to Surpass at a CAGR of 5.7% By 2034

Market Size and Growth

As per the Electric Hoist Market size analysis conducted by the CMI Team, the global Electric Hoist market is expected to record a CAGR of 5.7% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 2.5 Billion. By 2034, the valuation is anticipated to reach USD 4.2 Billion.

Overview

According to industry experts at CMI, A lot of firms utilize electric hoists to make it easier to lift and transport goods that are heavy. An electric hoist has a motor that moves things up and down with a chain or wire rope. The technology is easy to use and very accurate. It can also handle hard chores that would normally take a lot of work. They can use a switch or a remote to turn it on and off.

The goal of these hoists is to help workers do more, feel less tired, and be safer at work in general. The electric hoist market is being driven by several variables such as the growing e-commerce sector, increasing safety regulation, growing trends of automation across industry, increasing demand from the renewable energy sector, and others. However, the complexity in integration & standardization poses a major challenge to the market growth.

Key Trends & Drivers

• E-commerce and logistics boom: The rising e-commerce and logistics industry is a significant driver for the electric hoist market. A growing number of individuals are shopping online at sites like Amazon, Alibaba, Walmart, and FedEx. This demands automated warehouses and logistical infrastructure. This has made it possible to employ electric hoists to carry objects efficiently and conveniently. The warehousing business is enormous and getting more significant fast. The European Materials Handling Federation reports that demand for automated warehouse lifting systems has gone up 34% per year since 2023. The main reason for this was growth in logistics and online shopping. As logistics operations become more complex, there is a growing need for IoT-enabled hoists that can do things like monitor in real time, predict when maintenance will be needed, and analyze data. The aforementioned facts drive the market.

• Emphasis on safety and ergonomics: Increasing emphasis on safety and ergonomics is what is driving the market revenue. Electric hoist equipment is equipment that allows the worker to raise objects automatically without their need, which minimizes the risk of musculoskeletal disorders (MSDs) such as back discomfort, strains, and sprains. They make the workplace safer and better for workers by taking the hard labor out of lifting heavy things. This makes workers less stressed and exhausted. Operators may also stay awake and learn more easily because the handles can be adjusted, the controls are simple, and they can use a remote or joystick. Quiet and compact versions are especially useful in busy or sensitive places because they make things more comfortable and easier to reach.

Report Scope

SWOT Analysis

• Strengths: The core strength is the automation and efficiency offered by electric hoist. They significantly improve efficiency, safety, and material handling as compared to its alternative. Which is making this equipment critical for various industries such as construction, manufacturing, logistics, and warehousing.

• Weakness: Even though smart, automated electric hoists have big long-term benefits for businesses, the high cost of buying and installing them may stop small and medium-sized firms from getting them. Thus, the high initial investment is a major weakness for the market.

• Opportunities: Rapid urbanization and industrialization in developing economies such as India and China offer a lucrative opportunity for industry growth.

• Threats: The fast pace of technology progress (such as AI-based load management and collaborative robotics) could make older hoist models less enticing; thus, companies need to keep making new products to stay ahead of the competition.

List of the prominent players in the Electric Hoist Market:

• Hitachi Industrial Equipment Systems
• Crosby Group
• Columbus McKinnon
• Demag Cranes and Components
• ABUS Cranes
• IMER International
• Ingersoll Rand
• JASO Industrial Cranes
• Kran Direkt
• Konecranes
• Brady & Morris Engineering
• Street Crane
• Tianjin Kunda Hoisting Equipment
• Verlinde
• Yale
• Others

The Electric Hoist Market is segmented as follows:

By Type

• Chain
• Wire

By Application

• Commercial Recovery
• Cranes
• Workboat
• Utility
• Others

By Industry Vertical

• Aerospace
• Automotive & Transportation
• Construction
• Energy
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America