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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

Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction

Publisher : MRA | Format : PDF&Excel

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 - 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 imposed some challenges on the expansion of the hoist controller industry growth due to the problems faced from sourcing raw materials and components, leading to hampered production capabilities. While the healthcare and logistics sectors witnessed high product demand to support essential operations, the construction and manufacturing industries experienced declined acceptance on account of economic uncertainties. However, the surging integration of advanced features, such as remote control and monitoring capabilities for improving safety & efficiency and reducing the need for physical presence contributed to the market growth. The growing investments in infrastructure projects and industrial revitalization in the post-pandemic era may also stimulate the demand for hoist controllers.

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.

Demand for handheld hoist controllers is set to garner significant traction between 2023 and 2032, owing to growing adoption in oil & gas, automotive production and mining activities. The rising prominence of ports and shipyards has instigated the higher need for managing cargo loading as well as unloading operations on ships, further driving the product uptake. The booming agricultural industries worldwide will also prove favorable for the usage of handheld hoist controllers to operate grain elevators and winches to lift and position heavy agricultural machinery. The OECD-FAO Agricultural Outlook 2023-2032 suggests that the main use of agricultural commodities will rise by 1.3% per year over the next decade.

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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