Crane and Hoist Market is predicted to reach USD 46.7 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Crane and Hoist Market size is predicted to reach USD 46.7 billion with a CAGR of 5 % by 2030.

Request FREE Sample: https://www.nextmsc.com/crane-and-hoist-market/request-sample

The rapid growth of the automotive industry is propelling the crane and hoist market growth at an accelerated pace by necessitating efficient material handling solutions for streamlined production processes.

Moreover, the growing stringent rules and regulations by regulatory bodies to promote workplace safety in industrial settings is driving the market growth by compelling businesses to upgrade outdated lifting equipment with advanced, and compliant solutions.

Asia Pacific holds the dominant share in the crane and hoist market trends, and is projected to maintain its dominance throughout the forecast period.

The crane and hoist industry comprises various market players such as Konecranes, Demag Cranes AG, Gorbel Inc., Brehob Corporation, Zoomlion Heavy Industry Science and Technology Co. Ltd., Stellar Industries, Columbus McKinnon Corporation, Kito Corporation, Hercules Hoists Ltd., and Komatsu Ltd.