Hoist Controller Market Size - By Type (Handheld, Automatic), By Hoist (Electric, Hydraulic), By End-User (Automotive, Cement, Chemical, Construction, Marine, Metal Processing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023– 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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Hoist Controller Market Size - By Type (Handheld, Automatic), By Hoist (Electric, Hydraulic), By End-User (Automotive, Cement, Chemical, Construction, Marine, Metal Processing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023– 2032

Hoist Controller Market Size

Hoist Controller Market size is anticipated to register a CAGR of 3% from 2023 to 2032. Driven by the  rising deployment of advanced technologies and automation for the installation of elevators at construction sites, warehouses, and shipyards will influence the industry growth. The rapidly growing R&D investments have made way for the increasing adoption of robotic process automation (RPA), adding positive edge to the market growth. Moreover, the surging popularity of wireless and remote-control solutions is another factor forecasted to boost market development.

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Hoist Controller Market Growth Drivers & Restraints

Significant advances in the construction and marine industries to facilitate loading and unloading of operations will stimulate adoption of hoist controllers. According to UNCTAD, global maritime trade is likely to rise at 2.1% annually from 2023 to 2027. Additionally, the rising concerns over the abundant availability of sub-standard handheld controllers may hamper the product demand to a great extent.
 

Hoist Controller Market Report Attributes
Report Attribute Details
Base Year 2022
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 3%
Historical Data for 2018 to 2022
No. of Pages 206
Tables, Charts & Figures 303
Segments covered Type, Hoist, End-User and Region
Growth Drivers
  • Growing deployment of advanced automation technologies
  • Surging focus on reduced waste and minimized carbon footprint
  • Rising R&D investments
Pitfalls & Challenges
  • Availability of sub-standard handheld controllers

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COVID-19 Impact

The COVID-19 pandemic threw a curveball at the hoist controller industry. Getting the raw materials and parts it needed became a headache, slowing down production. But while healthcare and shipping companies needed these controllers like crazy, construction and factories were hit hard by the economic roller coaster and didn't need as many. But here's the thinghoist controllers are getting smarter, with fancy stuff like remote control and monitoring. This makes them safer and more efficient, and it means they can be used in places where people don't have to be standing right there. That's a plus. And as the world tries to get back to normal after the pandemic, we're seeing more investment in infrastructure and factories. That means more demand for hoist controllers. So, while the pandemic might have wobbled the industry a bit, the future looks bright.

Hoist Controller Market Trends

The growing importance of sustainability and environmental considerations by manufacturers pertaining to product design and manufacturing processes will prove favorable for the industry expansion. This can be attributed to their surging focus on reducing waste and minimizing the carbon footprint of hoist controllers owing to the rising demand for material handling in construction, manufacturing, and logistics. The rising efforts undertaken for deploying eco-friendly materials and lean manufacturing techniques for minimizing the waste in production process is expected to drive the demand for hoist controllers.

Hoist Controller Market Analysis

Electric hoist controller market is projected to observe gains at nearly 3% up to 2032. The growth can be attributed to their rising popularity in healthcare settings for lifting and transferring patients with limited mobility. On account of its ability to lift as well as move heavy ship components, containers, and cargos, electric hoists are widely adopted with controllers in shipbuilding yards and ports, contributing to the industry growth.

Hey there! Get ready for a surge in demand for those nifty handheld hoist controllers. They're going to be the buzz between 2023 and 2032. Why the buzz? Well, industries like oil and gas, car-making, and mining are all using them more and more. They're also becoming super important in ports and shipyards where they help lift and move cargo onto and off ships. But hold on, there's more! The farming industry is also jumping on the handheld hoist controller bandwagon. They're using it to run grain elevators and lift heavy machinery. And guess what? The experts at the OECD-FAO say that the demand for farm products is going to keep growing by about 1.3% each year for the next decade. So buckle in, folks. The future looks bright for handheld hoist controllers!

The metal processing segment of hoist controller market may attain commendable growth through 2032. The surging rate of industrialization in developing and developed economies has accelerated the preference for processed metals, including stainless steel, and iron, adding to the acceptance of hoist controllers. According to Worlds teel Association, the global demand for steel is predicted to reach 1 881.4 Mt, close to 2.2% growth in 2023. Rising adoption for welding operations, maintenance & repair, quality control, and material handling equipment will also positively contribute to the segment growth.

North America hoist controller market is estimated to record more than 2.5% CAGR from 2023-2032, due to the rising rate of industrial manufacturing along with the surging need for safety and efficiency in the region. The growing number of infrastructure development projects, including the construction of bridges, buildings, and roads has steered the high demand for hoists for lifting heavy materials and equipment to the elevated areas. The surge in renewable energy projects, such as wind and solar as well as the consequent requirement for the installation and maintenance of wind turbine components will anchor the market growth.

Hoist Controller Market Share

Some of the prominent participants in the hoist controller market are

  • Demag Cranes & Components Corp
  •  Speed-O-Controls
  •  Schneider Electric
  •  Conductix-Wampfler USA
  •  Uesco Cranes
  •  The Rowland Company
  •  Hoosier Crane Service Company
  •  Eastern Electric Corporation
  •  Siemens AG
  •  Magnetek Inc. 

Hoist Controller Industry News

  • In May 2022, ABB launched ABB Ability™ NGX Hoist Control, a global control system for assisting mining companies in achieving maximum performance and safety during hoist operations.

This hoist controller market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2018 to 2032, for the following segments

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By Type

  • Handheld
  • Automatic

By Hoist

  • Electric
  • Hydraulic

By End-User

  • Automotive
  • Cement
  • Chemical
  • Construction
  • Marine
  • Metal Processing

The above information has been provided for the following regions & countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Malaysia
    • South Korea
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Oman
    • Qatar
    • Kuwait
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1   Methodology

1.2   Market definition

1.3   Market estimation & forecast parameters

1.4   Data source

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1   Hoist controller market 360° synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Hoist type trends

2.1.3    Type by end-user trends

2.1.4    End-user trends

2.1.5    Regional trends

Chapter 3   Hoist Controller Industry Insights

3.1   Industry segmentation

3.2   Industry size and forecast, 2018 – 2032

3.3   Industry ecosystem analysis

3.3.1    Profit margin

3.3.2    Value addition

3.3.3    Distribution channel analysis

3.3.4    Vendor matrix

3.3.4.1    List of key manufacturers/suppliers

3.3.4.2    List of key/potential customers

3.4   Industry impact forces

3.4.1    Growth drivers

3.4.1.1    Growing product demand from various end-user industries

3.4.1.2    Increasing product consumption from cranes

3.4.2    Industry pitfalls & challenges

3.4.2.1    Availability of sub-standard handheld controllers

3.5   Growth potential analysis, handheld hoist controllers

3.6   Growth potential hoists, automatic hoist controllers

3.7   Price trends, handheld hoist controllers

3.7.1    Cost structure analysis

3.7.1.1    R&D cost

3.7.1.2    Manufacturing & equipment cost

3.7.1.3    Raw material cost

3.7.1.4    Distribution cost

3.7.1.5    Operating cost

3.7.1.6    Miscellaneous cost

3.7.2    Average price, by hoist type, 2018 – 2032

3.7.3    Average price, by end-user, 2018 – 2032

3.7.4    Average price, by region, 2018 – 2032

3.8   Price trends, automatic hoist controllers

3.8.1    Cost structure analysis

3.8.1.1    R&D cost

3.8.1.2    Manufacturing & equipment cost

3.8.1.3    Raw material cost

3.8.1.4    Distribution cost

3.8.1.5    Operating cost

3.8.1.6    Miscellaneous cost

3.8.2    Average price, by hoist type, 2018 – 2032

3.8.3    Average price, by end-user, 2018 – 2032

3.8.4    Average price, by region, 2018 – 2032

3.9   Competitive landscape, 2022

3.9.1    Company market share, 2022

3.9.2    Strategy dashboard

3.10    Porter's analysis

3.10.1   Supplier power

3.10.2   Buyer power

3.10.3   Threat of new entrants

3.10.4   Threat of substitutes

3.10.5   Industry rivalry

3.11    PESTEL analysis

Chapter 4   Hoist Controller Market, By Hoist Type

4.1   Global hoist controller market, hoist type trends

4.2   Electric

4.2.1    Market estimates and forecast, 2018 – 2032

4.2.2    Market estimates and forecast, by region, 2018 – 2032

4.3   Hydraulic

4.3.1    Market estimates and forecast, 2018 – 2032

4.3.2    Market estimates and forecast, by region, 2018 – 2032

Chapter 5   Hoist Controller Market, Type By End-User

5.1   Global hoist controller market, type trends

5.2   Handheld

5.2.1    Market estimates and forecast, 2018 – 2032

5.2.2    Market estimates and forecast, by end-user, 2018 – 2032

  • Automotive
  • Cement
  • Chemical
  • Construction
  • Marine
  • Metal processing
  • Others

5.2.3    Market estimates and forecast, by region, 2018 – 2032

5.3   Automatic

5.3.1    Market estimates and forecast, 2018 – 2032

5.3.2    Market estimates and forecast, by end-user, 2018 – 2032

  • Automotive
  • Cement
  • Chemical
  • Construction
  • Marine
  • Metal processing
  • Others

5.3.3    Market estimates and forecast, by region, 2018 – 2032

Chapter 6   Hoist Controller Market, By End-User

6.1   Global hoist controller market, end-user trends

6.2   Automotive

6.2.1    Market estimates and forecast, 2018 – 2032

6.2.2    Market estimates and forecast, by region, 2018 – 2032

6.3   Cement

6.3.1    Market estimates and forecast, 2018 – 2032

6.3.2    Market estimates and forecast, by region, 2018 – 2032

6.4   Chemical

6.4.1    Market estimates and forecast, 2018 – 2032

6.4.2    Market estimates and forecast, by region, 2018 – 2032

6.5   Construction

6.5.1    Market estimates and forecast, 2018 – 2032

6.5.2    Market estimates and forecast, by region, 2018 – 2032

6.6   Marine

6.6.1    Market estimates and forecast, 2018 – 2032

6.6.2    Market estimates and forecast, by region, 2018 – 2032

6.7   Metal processing

6.7.1    Market estimates and forecast, 2018 – 2032

6.7.2    Market estimates and forecast, by region, 2018 – 2032

6.8   Others

6.8.1    Market estimates and forecast, 2018 – 2032

6.8.2    Market estimates and forecast, by region, 2018 – 2032

Chapter 7   Hoist Controller Market, By Region

7.1   Global hoist controller market, regional trends

7.2   North America

7.2.1    Market estimates and forecast, 2018 – 2032

7.2.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.2.3    Market estimates and forecast, by end-user, 2018 – 2032

7.2.4    U.S.

7.2.4.1    Market estimates and forecast, 2018 – 2032

7.2.4.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.2.4.3    Market estimates and forecast, by end-user, 2018 – 2032

7.2.5    Canada

7.2.5.1    Market estimates and forecast, 2018 – 2032

7.2.5.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.2.5.3    Market estimates and forecast, by end-user, 2018 – 2032

7.3   Europe

7.3.1    Market estimates and forecast, 2018 – 2032

7.3.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.3.3    Market estimates and forecast, by end-user, 2018 – 2032

7.3.4    Germany

7.3.4.1    Market estimates and forecast, 2018 – 2032

7.3.4.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.3.4.3    Market estimates and forecast, by end-user, 2018 – 2032

7.3.5    France

7.3.5.1    Market estimates and forecast, 2018 – 2032

7.3.5.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.3.5.3    Market estimates and forecast, by end-user, 2018 – 2032

7.3.6    UK

7.3.6.1    Market estimates and forecast, 2018 – 2032

7.3.6.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.3.6.3    Market estimates and forecast, by end-user, 2018 – 2032

7.3.7    Spain

7.3.7.1    Market estimates and forecast, 2018 – 2032

7.3.7.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.3.7.3    Market estimates and forecast, by end-user, 2018 – 2032

7.3.8    Russia

7.3.8.1    Market estimates and forecast, 2018 – 2032

7.3.8.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.3.8.3    Market estimates and forecast, by end-user, 2018 – 2032

7.4   Asia Pacific

7.4.1    Market estimates and forecast, 2018 – 2032

7.4.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.4.3    Market estimates and forecast, by end-user, 2018 – 2032

7.4.4    China

7.4.4.1    Market estimates and forecast, 2018 – 2032

7.4.4.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.4.4.3    Market estimates and forecast, by end-user, 2018 – 2032

7.4.5    Japan

7.4.5.1    Market estimates and forecast, 2018 – 2032

7.4.5.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.4.5.3    Market estimates and forecast, by end-user, 2018 – 2032

7.4.6    India

7.4.6.1    Market estimates and forecast, 2018 – 2032

7.4.6.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.4.6.3    Market estimates and forecast, by end-user, 2018 – 2032

7.4.7    South Korea

7.4.7.1    Market estimates and forecast, 2018 – 2032

7.4.7.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.4.7.3    Market estimates and forecast, by end-user, 2018 – 2032

7.4.8    Malaysia

7.4.8.1    Market estimates and forecast, 2018 – 2032

7.4.8.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.4.8.3    Market estimates and forecast, by end-user, 2018 – 2032

7.5   Latin America

7.5.1    Market estimates and forecast, 2018 – 2032

7.5.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.5.3    Market estimates and forecast, by end-user, 2018 – 2032

7.5.4    Mexico

7.5.4.1    Market estimates and forecast, 2018 – 2032

7.5.4.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.5.4.3    Market estimates and forecast, by end-user, 2018 – 2032

7.5.5    Argentina

7.5.5.1    Market estimates and forecast, 2018 – 2032

7.5.5.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.5.5.3    Market estimates and forecast, by end-user, 2018 – 2032

7.5.6    Brazil

7.5.6.1    Market estimates and forecast, 2018 – 2032

7.5.6.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.5.6.3    Market estimates and forecast, by end-user, 2018 – 2032

7.5.7    Colombia

7.5.7.1    Market estimates and forecast, 2018 – 2032

7.5.7.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.5.7.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6   Middle East And Africa

7.6.1    Market estimates and forecast, 2018 – 2032

7.6.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6.4    Saudi Arabia

7.6.4.1    Market estimates and forecast, 2018 – 2032

7.6.4.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.4.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6.5    UAE

7.6.5.1    Market estimates and forecast, 2018 – 2032

7.6.5.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.5.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6.6    South Africa

7.6.6.1    Market estimates and forecast, 2018 – 2032

7.6.6.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.6.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6.7    Oman

7.6.7.1    Market estimates and forecast, 2018 – 2032

7.6.7.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.7.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6.8    Qatar

7.6.8.1    Market estimates and forecast, 2018 – 2032

7.6.8.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.8.3    Market estimates and forecast, by end-user, 2018 – 2032

7.6.9    Kuwait

7.6.9.1    Market estimates and forecast, 2018 – 2032

7.6.9.2    Market estimates and forecast, type by end-user, 2018 – 2032

7.6.9.3    Market estimates and forecast, by end-user, 2018 – 2032

Chapter 8   Company Profiles

8.1   Schneider Electric

8.1.1    Business overview

8.1.2    Financial data

8.1.3    Product landscape

8.1.4    Strategic outlook

8.1.5    SWOT analysis

8.2   Speed-O-Controls

8.2.1    Business overview

8.2.2    Financial data

8.2.3    Product landscape

8.2.4    Strategic outlook

8.2.5    SWOT analysis

8.3   Conductix-Wampfler USA

8.3.1    Business overview

8.3.2    Financial data

8.3.3    Product landscape

8.3.4    Strategic outlook

8.3.5    SWOT analysis

8.4   The Rowland Company

8.4.1    Business overview

8.4.2    Financial data

8.4.3    Product landscape

8.4.4    Strategic outlook

8.4.5    SWOT analysis

8.5   Uesco Cranes

8.5.1    Business overview

8.5.2    Financial data

8.5.3    Product landscape

8.5.4    Strategic outlook

8.5.5    SWOT analysis

8.6   Hoosier Crane Service Company

8.6.1    Business overview

8.6.2    Financial data

8.6.3    Product landscape

8.6.4    Strategic outlook

8.6.5    SWOT analysis

8.7   Demag Cranes & Components Corp.

8.7.1    Business overview

8.7.2    Financial data

8.7.3    Product landscape

8.7.4    Strategic outlook

8.7.5    SWOT analysis

8.8   Eastern Electric Corporation

8.8.1    Business overview

8.8.2    Financial data

8.8.3    Product landscape

8.8.4    Strategic outlook

8.8.5    SWOT analysis

8.9   Magnetek Inc.

8.9.1    Business overview

8.9.2    Financial data

8.9.3    Product landscape

8.9.4    Strategic outlook

8.9.5    SWOT analysis

  • Demag Cranes & Components Corp
  •  Speed-O-Controls
  •  Schneider Electric
  •  Conductix-Wampfler USA
  •  Uesco Cranes
  •  The Rowland Company
  •  Hoosier Crane Service Company
  •  Eastern Electric Corporation
  •  Siemens AG
  •  Magnetek Inc. 

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