The global demand for Mine Hoists Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020- 2026.
A mine hoist refers to the device used for raising or lowering ore, rock, or coal from a mine. Two types of mine hoists are available including winding hoists and friction hoists. Mine hoists find application majorly across mines and construction among others.
The increasing demand for lifting loads across the end-use industries is driving market growth. Rising demand for ore extraction and handling equipment in the mining industry is again accelerating the market growth. However, the lack of skilled worker to operate hoist is a major challenge to market growth. Whereas, rising demand in the construction industry is likely to offer an opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give an inclusive assessment of each application/product segment in the global market of mine hoists.
The entire mine hoists market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Winding Hoists
- Friction Hoists
This section covers regional segmentation which accentuates on current and future demand for mine hoists market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Mine Hoists Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mine hoists market include Columbus McKinnon, Hitachi, Ingersoll Rand, J.D. Neuhaus, KAWASAKI, Kito, Konecranes, PLANETA, Terex and TRACTEL among others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.