Global Pneumatic Hoist Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of xx.xx% during the forecast period that is 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

A hoist is a device that is used for lifting of materials that comprises of rope or chain around its wheels or drum lift, and a hook for attaching the goods. Pneumatic or air hoist is a type of a hoist and have almost similar features to an electric hoist except it is powered by a compressed air feed. Air hoists are being in the market for a long time and is available in chain and wired types, which are designed to assist in the transportation of heavy loads safely and efficiently.

Global pneumatic hoist market is witnessing a low growth across globe owing to the emergence of substitute and enhanced products such as electric hoists and hydraulic hoists that is being implemented at a rapid pace. In addition, various disadvantages that is hindering the market growth are the incapability of pneumatic hoists to lift or move heavy loads, and they use hazardous chemicals in their design. These chemicals can result in accidental launches into the air, which will be further harmful for the environment. However, in some industries like food manufacturing, marines, and explosive areas pneumatic hoist are still being, and it is inexpensive when compared to others. In addition, the initial cost of manufacturing a pneumatic device is least due to the low cost design materials. Plastics, aluminum, and zinc are all economical materials and are commonly found in pneumatic designs.

Air hoist is 100% duty cycle, means they are suitable for constant use for long lifts. Compressed air chain hoists have flexible lifting speed, more the user presses the button, the more amount of air will pass through the valve and the faster the hoist will rise or low. These can be controlled by the push button and for longer heights of lift, they are being controlled by cord control. In addition, it is highly suitable for the explosive areas, as there is no electric power source required to operate the assigned task. These hoists are ideal for harsh environments and are mostly found in steel mills, foundries and electroplating operations.

By Type Insights: Based on the types, the market has been categorized as air chain hoist and air wire hoist. The air chain hoist segment is expected to dominate the market during the forecast period. With the wide range of load capacities, and the ability to customize the hoists according to their load capacities, are the major factors propelling to the increase of the market over the coming years. The load bearing capacity of air chain hoist ranges from 1.0 tons to 35.0 tons and from 0.5 ton to 20.0 ton for air wire hoist.

Regional Analysis

The global pneumatic hoist market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.  Asia Pacific pneumatic hoist market is anticipated to dominate the market during the forecast period. The market growth in this region is attributed to the rising expenditure for the development of infrastructure primarily in highly developing nations such as India, and China. In addition, increasing urbanization is another major factor accelerating demand for pneumatic hoists during the forecast years.

North America pneumatic hoist market is expected to hold the second largest market share, owing to the increasing industrialization trends, growing population, and the subsequent demand for housing and commercial properties, across the developed nations such as U.S. and Canada.

Global Pneumatic Hoist Market Study Objective

1. To forecast the market size of pneumatic hoist market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of pneumatic hoist market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of pneumatic hoist market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of pneumatic hoist market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the pneumatic hoist market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The key players operating in the market include Kito Corporation, Ingersoll Rand, ABUS, Columbus McKinnon, Konecranes, Redfern Flinn Lifting Equipment, Terex, Hitachi Industrial, Street Crane, and Imer International. The strategy most of the established players adapt to grow in the market by expanding their business through strategic mergers & acquisitions. For instance, in 2016, Columbus McKinnon Corporation (CMCO) has acquired STAHL to increase the product penetration across Europe, North America, and Asia Pacific.

Global Pneumatic Hoist Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.