A hoist is a mechanical device for lifting material, typically consisting of a rope or chain around a drum or wheel lift, and a hook for attaching payload.

A basic hoist is defined by two chief characteristics. The first is the lifting medium, which may be a wire rope wrapped around a drum or a chain raised by a pulley. The second is the type of power utilized by the hoist. Common power-sources are hydraulics, electricity, air driven motors, and, in the case of a manual hoist, muscle power.
China is the largest production region of Hoist, which take about 40% of the market share. Europe is the second with 23% of the market.
Columbus McKinnon, Kito, Beijing Lieying, TBM and Terex are the leaders in the market, the top 5 take 27% of the whole market share.

Market Analysis and Insights: Global Hoist Market
In 2020, the global Hoist market size was US$ 3584.9 million and it is expected to reach US$ 4469.2 million by the end of 2027, with a CAGR of 3.2% during 2021-2027.
Global Hoist Scope and Market Size
Hoist market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Hoist market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Hoist market is segmented into
Manual Hoists
Electric Hoists
Air Hoists
Hydraulic Hoists

Segment by Application, the Hoist market is segmented into
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Hoist Market Share Analysis
Hoist market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Hoist product introduction, recent developments, Hoist sales by region, type, application and by sales channel.

The major companies include:
Columbus McKinnon
Kito
Terex
Konecranes
Ingersoll Rand
TRACTEL
PLANETA
Hitachi
KAWASAKI
J.D. Neuhaus
TOYO
ABUS
Imer International
VERLINDE
DAESAN
ABLE FORGE
Endo Kogyo
Shanghai Yiying
Xi'an Liba
TBM
Zhejiang Wuyi Machinery
Beijing Lingying
Nanjing Jingming
Nucleon (Xinxiang)
DL Heavy
Mode
Cheng Day