Air Hoist Market Significant Growth, In-depth Analysis, Future Trends and Forecast 2031

Published : 3 years ago, on 14/07/2021

A new research report by Fact.MR offers the past, current and Future scenario of Air Hoist market across the globe. Key insights pertaining to various application areas of Air Hoist has been included in this study that portray an overall standing of the market in terms of revenue generated at a global level. The report also profiles the business and product strategy of some of the leading players in the market.

Regulations related to the sale of products across the global Air Hoist market have played to the advantage of the market vendors. There has been an increase in research related to the market forces of demand and supply by the leading vendors.

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Air Hoist Market Forecast and CAGR

According to a recent research study by Fact.MR, the air hoist market is anticipated to witness significant growth during 2021-2031. Demand will observe a steady boost in the medium run forecast, with an optimistic outlook over the long run. It is anticipated that the market is set to grow at a desirable CAGR of more than 5.6% over the assessment period.

What is Driving Demand for Air Hoist?

Air hoists are used for lifting objects in various industries. Without using electricity these are capable of lifting heavy objects and machinery with the help of air pressure.

Since these hoists don’t require electricity, they can be used in a remote environment as well. Compared with electrical hoist these hoists weigh 40 to 50% less hence they are easy to remove or install. They are more efficient and require minimum maintenance while in use. These hoists are also designed in such a way that they resist dirt, dust and humidity.

Besides, the presence of a skewed landscape of competitors has shaped the growth dynamics of the global Air Hoist market. It is worthwhile to assert that the vendors who have taken a holistic approach to market analysis have reaped favorable results.

The need to immerse into the regional dynamics is felt by the market vendors, driving them to understand national policies related to the sale of Air Hoist products.

What Factors are Affecting Sales of Air Hoists?

Natural disasters and pandemics such as COVID-19 are unforeseen and have affected all economies across the globe. COVID-19 has also impacted the demand for the air hoist. The imposition of lockdowns and stoppage in production in various industries have affected the sales of air hoist. However, the ease in lockdown restrictions and resuming of most of the industries will impact sales of these hoists.

These hoists can lift objects and machines weight from 140 kilograms to 50 tons. Due to that, these hoists are used in the automotive industry to lift heavy parts of vehicles and transport them from one place to another. As the automotive industry is expected to dominate in upcoming years the sales of these hoists will witness an upsurge in the industry.

Since these hoists have high durability and strong protection they are being used in assembly lines of various industries especially in the food and beverage industry. Air hoist is also used in shipyards and offshore oil industry, sales of these hoists have been increasing in these industries as well.

The use of these hoists have seen exceptional growth in the construction and mining industry, since these hoists do not require electricity, they preferable in these industries because these hoists can be easily used in an area without electricity. The booming construction industry will drive the sales of air hoist in upcoming years.

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Key Segments

• By Capacity Type
  • 140 KG – 250 KG
  • 250 KG – 500 KG
  • 500 KG – 1Ton
  • 1 Ton – 2 Ton
  • 2 Ton – 10 Ton
  • 10 Ton – 50 Ton
• By Application
  • Aerospace & Defence Industry
  • Automotive industry
  • Chemical Industry
  • Construction & Mining industry
  • Food Industry
  • Others
• By Distribution Channel
  • Online Channel
    • E-commerce website
    • Company Owned Website
    • Offline Channel
    • Specialty Store
    • Retail Store
    • Others

After reading the Air Hoist Market Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the growth of the global market.
• Analyze key regions holding significant share of the total market revenue.
• Study the growth outlook of the global market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use on the market growth.
• Investigate the recent R&D projects performed by each market player

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