Construction Hoist Market Top Players, Global Trends, Business

Opportunities, and Industry Forecast till 2028

“Increasing demand from residential sector for construction

machinery or equipment due to rapid urbanization, majorly in
developing economies such as India and China is expected to trigger
market growth over the forecast period.”

The global construction hoist market is expected to display higher growth rate in the upcoming years. Rapid
surge in the market is credited to the growing investment by government authorities and private bodies for
public & commercial infrastructure, particularly in the developing economies across the globe. Additionally,
shift in trend towards rental services of heavy-duty machinery has led to high-end demand for construction
hoist in the last few years. Globally, construction hoist market is predicted to generate massive revenue over
the forecast period, providing numerous opportunities for industry participants to invest in research and
development of construction hoists.

Increasing demand from residential sector for construction machinery or equipment due to rapid
urbanization, majorly in developing economies such as India and China is expected to trigger market growth
over the forecast period. Additionally, rapid urbanization has led to requirement for residential buildings such
as schools, colleges, clinics, roads, and commercial spaces. Massive funding from local government to cater
these demands for these public infrastructures is predicted to drive market expansion in the upcoming years.

Growing profitability in the rental business segment is expected to offer lucrative growth opportunities for
industry players over the forecast period. The recent technological advancement in building & construction
sector coupled with development of novel products such as wire rope, roller load chain, and welded link load
chain are propelling market demand for construction hoist over next five years. However, higher intimal cost
of these machinery and lack financial capacity to own these heavy-duty equipment independent and small-
scale builders or contractors are anticipated to negatively affect market performance.

Get Sample Copy of this Report @

https://www.millioninsights.com/industry-reports/construction-hoist-market/request-sample

The construction hoist market is broadly categorized into three major segments based on the application type
such as residential sector, commercial industry and industrial sector. Commercial industry segment is growing
rapidly in the market with substantial revenue generation in the last few years. Growing popularity of
construction hoist in commercial industry segment is attributed to the increasing product penetration and
rising number of rental services.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in implementation of latest technologies in
building & construction industry, surge in number of research & development activities and existence of well-
established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom
are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the construction hoist market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong
economic growth, rising commercial infrastructural activities, increasing governmental funding for public
infrastructure, and significant investment by leading industry players considering potential growth
opportunities in the region.

The key players in the construction hoist market are Zoomlion Heavy Industry Science and Technology Co.,
Ltd., GJJ Ltd., Alimak Group AB, XL Industries Services, Inc., Shandong Hongda Construction Machinery Group
Co., Ltd., and Sichuan Construction Machinery Group Co., Ltd.

Browse Related Category Market Reports @

https://industriesstudyreport.wordpress.com/blog/
Market Segment:

Leading players of Construction Hoist including:

• Zoomlion
• GJJ
• Alimak
• XL Industries
• Hongda Construction
• XCMG
• Fangyuan
• Guangxi Construction
• SYS
• Dahan
• Sichuan Construction
• Bcker
• STROS
• GEDA
• Zhejiang Construction Machinery Group
• China State Construction
• Jaypee
• ELECTROELSA
• BetaMax

Market split by Type, can be divided into:

• Below 2 ton
• 2-3 ton
• Above 3 ton

Market split by Application, can be divided into:

• Residential
• Commercial
• Industrial

Market split by Sales Channel, can be divided into:

• Direct Sales
• Distribution Sales

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
 Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer
satisfaction. Our representatives strive to understand diverse client requirements and cater
to the same with the most innovative and functional solutions.

Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com

Global Headquarters Asia Pacific

Million Insights Million Insights

Felton Office Plaza 6265 Highway 9
Felton, California 95018, United States
Phone: 1-408-610-2300
Email: sales@millioninsights.com
Office No. 302, 3rd Floor, Manikchand
Galleria, Model Colony, Shivaji Nagar,
Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com