Crane And Hoist Market Size, Share and Growth Report 2026




What Are The Anticipated Developments In The Crane And Hoist Market Report 2026 Market’s Size And Overall Value Through 2029?

The crane and hoist market size has grown strongly in recent years. It will grow from $33.81 billion in 2025 to $35.73 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing investment in industrial infrastructure, rising adoption of lifting automation, growth in construction activities, expansion of logistics and warehousing, development of modern manufacturing facilities.

The crane and hoist market size is expected to see strong growth in the next few years. It will grow to $43.85 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to growing integration of smart lifting controls, rising demand for energy-efficient lifting systems, expansion of automated material handling, increased adoption of modular lifting architectures, growth in durable composite lifting components. Major trends in the forecast period include rising demand for automated lifting systems, expansion of smart safety and load monitoring, growth in remote-controlled crane operations, increased adoption of energy-efficient hoists, rising development of modular lifting solutions.

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What Are The Leading Drivers To Growth In The Crane And Hoist Market Report 2026 Market Landscape?
The increasing construction activities are expected to propel the growth of the crane and hoist market going forward. Construction activities encompass the processes of erecting, altering, or repairing structures and infrastructure, typically involving site preparation, building assembly, and the installation of systems and finishes. Construction activities are rising due to increased urbanization, infrastructure development, and demand for new residential and commercial buildings. Cranes and hoists are essential for construction activities to lift heavy materials, equipment, and prefabricated components to heights and locations otherwise inaccessible or impractical by manpower alone. For instance, in July 2024, according to Atradius N.V., a Netherlands-based trade credit insurance company, global construction output increased by 3.7% in 2024 compared to 2023, reflecting a 2.0% overall growth for the year. Therefore, the increasing construction activities are driving the growth of the crane and hoist market.

How Is The Crane And Hoist Market Report 2026 Market Segmented To Assess Performance Across Different Product, Application, Or Regional Categories?
The crane and hoist market covered in this report is segmented –

1) By Type: Crane, Hoist
2) By Operation: Hydraulic, Electric, Hybrid
3) By Application: Construction, Transportation And Logistics, Marine, Oil And Gas, Mining, Agriculture, Other Applications

Subsegments:
1) By Crane: Bridge Cranes, Gantry Cranes, Jib Cranes, Tower Cranes, Overhead Cranes, Mobile Cranes
2) By Hoist: Electric Hoists, Manual Hoists, Pneumatic Hoists, Chain Hoists, Wire Rope Hoists

What Key Market Trends Are Contributing To The Ongoing Development Of The Crane And Hoist Market Report 2026 Market?
Major companies operating in the crane and hoist market are developing technologically advanced solutions, such as electric and hybrid cranes, to better serve customers with advanced features. Electric and hybrid cranes are types of lifting equipment that utilize electric power sources or a combination of electric and alternative energy sources for operation, aiming to reduce emissions and increase efficiency. For instance, in March 2024, Hiab, a Sweden-based company that provides load handling equipment and services, launched the HIAB WSPR, a next-generation electric hybrid crane solution designed to enhance efficiency and reduce environmental impact. The HIAB WSPR crane features dual power sources, operating on both a truck engine and an electric power take-off (ePTO), enabling emission-free performance and reducing carbon footprints by up to 85%. Available in three models—Standard, Light Duty, and Heavy Duty—it offers up to 1–2 days of operation on a full charge, with a compact battery pack that is easy to install, making it ideal for vehicles with limited space. Its quiet operation is perfect for low-emission zones and nighttime use, providing a sustainable and reliable load-handling solution.

Who Are The Top-Performing Companies Driving Growth In The Crane And Hoist Market Report 2026 Market?
Major companies operating in the crane and hoist market are Kubota Corporation, Kobe Steel Ltd., Liebherr-International GmbH, Sany Group, Hitachi Construction Machinery Co. Ltd., Sumitomo Heavy Industries Ltd., Ingersoll Rand Inc., Zoomlion Heavy Industry Science & Technology Co. Ltd., Cargotec Corporation, Shanghai Zhenhua Heavy Industries Co. Ltd, Terex Corporation, Konecranes, The Manitowoc Company Inc., PALFINGER AG, Tadano Ltd., Columbus McKinnon Corporation, Kito Corporation, Kobelco Construction Machineru USA Inc., Action Construction Equipment Ltd., ABUS Kransysteme GmbH, Wolffkran International AG, Gorbel Inc., STAHL CraneSystems GmbH, Street Crane Company Limited, XCMG Group

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Which Regions Are Projected To Advance The Fastest Over The Forecast Horizon In The Crane And Hoist Market Report 2026 Market?
Asia-Pacific was the largest region in the crane and hoist market in 2025. The regions covered in the crane and hoist market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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