Global passenger hoist market  was valued USD 807.67 Million in 2019 and is expected to grow at a rate of over 4% during the forecast period, 2020-2025. Growth in global passenger hoist market can be attributed to increasing industrialization on the global scale in developing economies and surge in new plans and projects for the construction of various structures in both developing and developed economies. Moreover, future expansions and proposed industrial plants, and upcoming projects for the construction of skyscrapers are promoting the adoption of passenger hoists, globally.

Global passenger hoist market can be segmented based on type, application, and region. In terms of type the market can bifurcate into below 2 ton, 2-3 ton, and above 3 ton. Below 2 Ton dominated the market, accounting for 60.76% share in 2019. Below 2 Ton passenger hoists segment accounts for highest share of the market owing to its high efficiency in comparison to others.  In terms of application, the market can be segmented into commercial, industrial and residential. Commercial segment dominated the overall market with a share of around 78% in 2019. Also, this segment is predicted to lead the market in the forecast period owing to increasing urbanization, developing construction industry, and industrialization.

Asia-Pacific is at the forefront of the global passenger hoist market and is expected to continue its dominance during the forecast period due to the numerous construction projects in APAC countries along with government initiatives to upgrade their infrastructure. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with rising commercial infrastructural activities, growing construction of skyscrapers, upcoming proposed industrial plants and increasing governmental funding for public infrastructure. APAC is also expected to witness highest growth in the global passenger hoist market in the forecast period due to the presence of major market players in the region and significant investment by leading industry players considering potential growth opportunities in the region.

Zoomlion, GJJ, Alimak, XL Industries, Hongda Construction, Xuzhou Construction Machinery Group, Fangyuan, SYS, Guangxi Construction, Sichuan Construction, GEDA, Jaypee, STROS, Zhejiang Construction Machinery Group, and BetaMax, are among the leading players operating in Global passenger hoist market. Companies operating in the market are using organic strategies such as product and technological advancement through addition of new features, mergers and collaborations to boost their share.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021-2025

Objective of the Study:

·         To analyze and estimate the market size of global passenger hoist market.

·         To classify and forecast global passenger hoist market based on type, application, company and regional distribution.

·         To identify drivers and challenges for global passenger hoist market.

·         To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global passenger hoist market.

·         To identify and analyze the profile of leading players operating in global passenger hoist market.

·         To identify key sustainable strategies adopted by market players in global passenger hoist market.


Click here to download the sample

To analyze and forecast Global Passenger Hoist Market, both top down and bottom up approaches have been used. Multiple employees from several companies have been interviewed through telephonic conversations to extract and verify the information. A brief study of the major players operating in construction sector was conducted, which included the analysis of information such as detailed estimated investments in upcoming years in construction sector, upcoming projects for the construction of skyscrapers, government funding for proposed industrial plants and various reforms & initiatives for the development of commercial infrastructure, high-rise apartments and Multi Storey buildings. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for passenger hoist, globally.

Various secondary sources such as company websites, Annual Reports, White Papers, Investor Presentation, News Articles, Associations, were also studied by TechSci Research.

Key Target Audience:

  • Companies operating in Global Passenger Hoist Market
  • Passenger Hoist Components, raw materials and equipment suppliers
  • Major end users
  • Associations, organizations, forums and alliances related to construction industry
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as companies operating in passenger hoist market, component and raw material suppliers and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, Global Passenger Hoist Market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

·         Market, By Type:

o   Below 2 Ton

o   2-3 Ton

o   Above 3 Ton

·         Market, By Application:

o   Commercial

o   Industrial

§  Cement Plants

§  Refineries

§  Steel Plants

§  Mines

§  Power Plants

o   Residential

  • Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • Russia
      • United Kingdom
      • France
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Egypt
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in Global Passenger Hoist Market.

Voice of Customer: Price, Brand, Availability, Customer Satisfaction level, and After Sales Service are the major factors affecting decision related to passenger hoist market for various users, globally.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Passenger Hoist Market

5.    Voice of Customer

6.    Global Passenger Hoist Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Below 2 Ton, 2-3 Ton, Above 3 Ton)

6.2.2.     By Application (Commercial, Residential & Industrial (Cement Plants, Refineries, Steel Plants, Mines, Power Plants))

6.2.3.     By Company (2019)

6.2.4.     By Region

6.3.  Product Market Map

7.    Asia-Pacific Passenger Hoist Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Passenger Hoist Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Application

7.3.2.     India Passenger Hoist Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Application

7.3.3.     Japan Passenger Hoist Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Application

7.3.4.     South Korea Passenger Hoist Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Application

7.3.5.     Australia Passenger Hoist Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Application

8.    Europe Passenger Hoist Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By Country

8.3.  Europe: Country Analysis

8.3.1.     Spain Passenger Hoist Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Application

8.3.2.     Germany Passenger Hoist Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Application

8.3.3.     United Kingdom Passenger Hoist Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Application

8.3.4.     Russia Passenger Hoist Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Application

8.3.5.     France Passenger Hoist Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Application

9.    North America Passenger Hoist Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Passenger Hoist Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Application

9.3.2.     Mexico Passenger Hoist Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Application

9.3.3.     Canada Passenger Hoist Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Application

10.  South America Passenger Hoist Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

10.2.3.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Passenger Hoist Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Application

10.3.2.  Argentina Passenger Hoist Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Application

10.3.3.  Colombia Passenger Hoist Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Application

11.  Middle East and Africa Passenger Hoist Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Application

11.2.3.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Passenger Hoist Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Application

11.3.2.  Saudi Arabia Passenger Hoist Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Application

11.3.3.  UAE Passenger Hoist Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Application

11.3.4.  Egypt Passenger Hoist Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value & Volume

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Type

11.3.4.2.2.           By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Zoomlion Heavy Industry Science & Technology Co., Ltd.

14.2.              GJJ

14.3.              Alimak Group AB

14.4.              XL Industries Services Inc.

14.5.              Hongda Construction Machinery Group Co. Ltd.

14.6.              Xuzhou Construction Machinery Group Co.

14.7.              Fangyuan Group Co. Ltd.

14.8.              Sichuan Construction

14.9.              GEDA-Dechentreiter GmbH & Co. KG

14.10.            STROS a.s.

14.11.            BetaMax Hoists, Inc.

14.12.            Jaypee India Limited

15.  Strategic Recommendations

16.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

    Figure 1: Global Passenger Hoist Market Size, By Value (USD Million) & By Volume (Units), 2014-2025F

    Figure 2: Global Passenger Hoist Market Share, By Type, 2014-2025

    Figure 3: Global Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 4: Global Passenger Hoist Market Share, By Region, 2014-2025F

    Figure 5: North America Passenger Hoist Market Size, By Value (USD Million) & By Volume (Units), 2014-2025F

    Figure 6: North America Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 7: North America Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 8: North America Passenger Hoist Market Share, By Country, 2014-2025F

    Figure 9: United States Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 10: United States Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 11: United States Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 12: Canada Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 13: Canada Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 14: Canada Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 15: Mexico Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 16: Mexico Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 17: Mexico Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 18: Europe Passenger Hoist Market Size, By Value (USD Million) & By Volume (Units), 2014-2025F

    Figure 19: Europe Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 20: Europe Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 21: Europe Passenger Hoist Market Share, By Country, 2014-2025F

    Figure 22: Russia Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 23: Russia Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 24: Russia Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 25: Germany Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 26: Germany Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 27: Germany Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 28: UK Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 29: UK Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 30: UK Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 31: Spain Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 32: Spain Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 33: Spain Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 34: France Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 35: France Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 36: France Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 37: APAC Passenger Hoist Market Size, By Value (USD Million) & By Volume (Units), 2014-2025F

    Figure 38: APAC Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 39: APAC Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 40: APAC Passenger Hoist Market Share, By Country, 2014-2025F

    Figure 41: China Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 42: China Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 43: China Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 44: India Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 45: India Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 46: India Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 47: Japan Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 48: Japan Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 49: Japan Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 50: South Korea Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 51: South Korea Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 52: South Korea Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 53: Australia Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 54: Australia Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 55: Australia Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 56: Middle East & Africa Passenger Hoist Market Size, By Value (USD Million) & By Volume (Units), 2014-2025F

    Figure 57: Middle East & Africa Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 58: Middle East & Africa Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 59: Middle East & Africa Passenger Hoist Market Share, By Country, 2014-2025F

    Figure 60: Saudi Arabia Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 61: Saudi Arabia Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 62: Saudi Arabia Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 63: UAE Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 64: UAE Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 65: UAE Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 66: Egypt Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 67: Egypt Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 68: Egypt Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 69: South Africa Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 70: South Africa Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 71: South Africa Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 72: South America Passenger Hoist Market Size, By Value (USD Million) & By Volume (Units), 2014-2025F

    Figure 73: South America Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 74: South America Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 75: South America Passenger Hoist Market Share, By Country, 2014-2025F

    Figure 76: Brazil Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 77: Brazil Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 78: Brazil Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 79: Argentina Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 80: Argentina Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 81: Argentina Passenger Hoist Market Share, By Application, 2014-2025F

    Figure 82: Colombia Passenger Hoist Market Size, By Value, 2014-2025F (USD Million)

    Figure 83: Colombia Passenger Hoist Market Share, By Type, 2014-2025F

    Figure 84: Colombia Passenger Hoist Market Share, By Application, 2014-2025F