Electric Hoist Market Size Forecast 2025-2030

Electric Hoist Market Size Forecast 2025-2030

In the field of industrial lifting equipment, electric hoists, with their core advantages of flexibility, efficiency, and wide applicability, have become indispensable key equipment in manufacturing, logistics, warehousing, infrastructure construction, and other fields. With the global upgrade of industrial automation and the surge in infrastructure demand in emerging markets, the electric hoist market is entering a golden period of growth, both in scale and quality. Based on authoritative industry data and market trends, this article will deeply analyze the global and key regional electric hoist market trends from 2025 to 2030, and identify key growth opportunities for export companies.

I. Global Electric Hoist Market: Scale Expansion and Structural Upgrading in Parallel

1. Overall Market Size Continues to Rise

In recent years, the global electric hoist market has shown steady growth. As a core production and consumption country, China's market dynamics directly influence the global industrial landscape. According to data from the China Heavy Machinery Industry Association, the market size of China's electric hoist alone will exceed 15 billion RMB in 2024, a cumulative increase of 35% compared to 2020. This growth trend is not unique to China, but rather reflects the global industrial recovery. Driven by the widespread adoption of smart manufacturing and the restructuring of the global supply chain, the global electric hoist market is expected to expand at a compound annual growth rate of 8%-10% from 2025 to 2030. By 2030, the global market size is expected to exceed US$80 billion, with China's market share expected to remain above 35%.

2. Differentiated Growth in Segments

From a product perspective, the market structure is shifting from traditional economy-class products to high-end, specialized products:

Wire rope electric hoists: With their strong load-bearing capacity and stability, they will account for 68.9% of the Chinese electric hoist market in 2024, with a market size of 18.65 billion yuan. Primarily used in heavy industrial applications, their global market share is expected to remain above 60% by 2030. Electric Chain Hoists: Benefiting from their lightweight design and cost advantages, they are in strong demand in small and medium-sized tonnage applications, with sales expected to increase by 5.1% year-on-year in 2024, particularly in the logistics and warehousing sector.

Smart specialty electric hoists: Explosion-proof, high-temperature adaptable, and intelligent monitoring products are emerging as growth drivers. While intelligent product sales accounted for only 25% in 2024, this proportion is expected to soar to 75% by 2030, with a compound annual growth rate of 18%.

II. Core Drivers of Market Growth: The Triple Resonance of Policy, Demand, and Technology

1. Policy Dividends Build the Foundation for Development
Global industrial upgrading policies are injecting strong momentum into the electric hoist market. China's "14th Five-Year Plan for the Development of Intelligent Manufacturing" explicitly lists lifting machinery as a key upgrade area, providing subsidies of up to 30% for the research and development of intelligent lifting equipment. This will directly drive the industry's total R&D investment to exceed 1.28 billion yuan in 2024. Internationally, the Belt and Road Initiative is accelerating infrastructure investment in 65 countries along the route. In 2024 alone, 12 overseas exhibitions are expected to drive electric hoist export sales exceeding US$450 million. Furthermore, the improvement of technical specifications such as the EU CE certification and North American UL standards is forcing the industry to improve product quality and accelerating market concentration.

2. Exploding downstream demand from multiple sources
The growth in demand for electric hoists demonstrates a trend of "stable growth in traditional industries and breakthroughs in emerging sectors":

Manufacturing upgrades: Demand for electric hoists in the manufacturing industry will reach 1.2 million units in 2024. Applications such as automotive manufacturing and electronic equipment assembly are seeing a surge in demand for high-precision lifting equipment. Leading companies such as CATL have already fully adopted AI-powered vision-recognition intelligent electric hoists, increasing efficiency by over 40%. Infrastructure and Logistics: The global logistics warehousing automation rate will increase from 28% in 2020 to 42% in 2024, driving a 7% annual increase in demand for electric hoists. Demand in the logistics sector will reach 800,000 units in 2024 and is expected to increase to 1.1 million units in 2030.
New Energy Industry: Demand for large-tonnage electric hoists is booming in wind power, photovoltaics, and other sectors. New energy-related orders will increase by 50% year-on-year in 2024, becoming the core engine driving the growth of high-end products.

3. Technological Innovation Reshapes Product Value
Technological iteration is reshaping the core competitiveness of electric hoists:
Intelligent Upgrade: IoT sensors and remote monitoring systems have become standard features of high-end products, enabling fault prediction and intelligent scheduling, reducing equipment failure rates by 75%.
Green Energy Transformation: The application of permanent magnet synchronous motors and variable frequency control technology will increase product energy efficiency by 20%-25%. In 2024, the proportion of high-efficiency and energy-saving products reached 45.2%, and is expected to exceed 52% in 2025. Breakthroughs in Materials and Processes: The domestic content rate of rare earth permanent magnet materials has reached 80%. The use of high-strength, lightweight alloys has enabled equipment lightweighting and extended service life by over 30%.

III. In-depth Analysis of Regional Markets: Domestic Landscape and Global Export Opportunities

1. China Market: Core Production Base and Consumption Engine
China is not only the world's largest producer of electric hoists but also a core consumer market. Its regional distribution demonstrates significant industrial agglomeration:
Production Structure: East China accounts for 45.7% of production, with Jiangsu, Henan, and Shandong provinces contributing 75% of national production capacity, with Jiangsu accounting for 32% of production, making it a core hub in the global supply chain.
Consumption Distribution: The three major economic zones of East China, North China, and South China account for 72% of the national market share. The Yangtze River Delta, due to its concentration of high-end manufacturing, will reach a 42.3% market share in 2024. The Pearl River Delta leads the way thanks to the growth in cross-border e-commerce logistics demand. Export Potential: By 2024, China's electric hoist exports accounted for 15% of the domestic market, with box-type electric hoist exports increasing by 9.6% year-on-year. This share is expected to rise to 22% by 2030.

2. Key Global Export Markets
The following three regions constitute core growth drivers:
Southeast Asia: In 2024, it will absorb 38.5% of China's electric hoist exports. Vietnam, Indonesia, and Malaysia, with infrastructure investment growth exceeding 8%, will become the fastest-growing overseas markets. Exports are expected to exceed 14,000 units in 2025, a year-on-year increase of 13.9%. This region prefers medium-sized products in the 5-10 ton range, with cost-effectiveness and localized service being key competitive advantages.
Middle East and Africa: In 2024, China's exports will account for 46.6%. Petrochemical and port construction demands in countries like the UAE and Saudi Arabia have strong demand for explosion-proof and large-tonnage products, with exports maintaining an average annual growth rate of over 12%. The European Market: While accounting for 27% of the market, it boasts the highest added value. Countries like Germany and Italy prioritize energy-saving certification and intelligent features. CE-certified smart products command a 30% premium, making it a core target market for high-end exports.

IV. Challenges Facing Exporters and Solutions

1. Core Challenges Needing to Be Overcome
Despite the broad market prospects, exporters still face multiple challenges:

Standard Barriers: Regional standards such as the EU CE, North American UL, and Australian AS differ significantly, with compliance costs accounting for 15%-20% of total export costs, placing particular pressure on small and medium-sized enterprises.

Cost Fluctuations: Steel and rare earth permanent magnet prices fluctuate by an average of 12%-18% annually. A 15% increase in rare earth prices in 2023 will directly squeeze profit margins and challenge supply chain stability.

Intensified Competition: Of the over 200 domestic manufacturers, over 50% are involved in exports. Homogeneous competition in the mid- and low-end markets has led to a 5% year-on-year decline in export prices for some products.

2. Breakthrough Strategies and Growth Recommendations
To address export pain points, companies can build competitiveness in the following three areas:
Targeted regional market positioning: In Southeast Asia, focus on "cost-effectiveness + fast delivery," focusing on medium-sized products weighing 5-20 tons; in Europe, focus on "intelligence + energy efficiency," developing high-end models that meet ERP energy efficiency standards; in the Middle East and Africa, strengthen "durability + explosion-proof" features and provide localized repair services.
Building technical compliance advantages: Increase R&D investment to over 4% of revenue, focusing on breakthroughs in core technologies such as intelligent monitoring and energy-saving motors, and proactively prepare for EU 2026 mandatory energy efficiency catalog certification, offsetting cost pressures through technology premiums.
Optimizing supply chain and services: Establish dedicated export lines based on production bases in Jiangsu and Shandong, shortening delivery cycles to under 45 days; establish regional service centers in Vietnam and the UAE, providing 24-hour fault response and enhancing customer loyalty.

V. Conclusion: Seizing the Dual Opportunities of Globalization and Intelligence

The electric hoist industry will experience a "golden growth period" from 2025 to 2030. The Chinese market is expected to exceed 30 billion yuan, while the global market is poised to reach $80 billion. Exports will become a core growth driver for Chinese companies. For exporting companies, this presents both opportunities and challenges. Only by focusing on technological innovation, guided by regional needs, and ensuring compliant services can they secure a competitive advantage in the global market.