Hoist Controller Market Analysis, Emerging Trends, Forecast and COVID-19 Imp

1. Presents a Research Report on Hoist Controller Market The report on the Global Hoist Controller Market is segmented By Type (Handheld and Automatic), by Hoist Type (Electric and Hydraulic), by End-User Type (Automotive, Cement, Chemical, Construction, Marine, Metal Processing, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. The Hoist Controller Market Highlights& Drivers • Hoist Controller Market is likely to witness a CAGR of 3.9% during the forecast period. • Hoist controller refers to a device that is employed for lifting a load by means of a lift-wheel around which a chain is warped. • It is mainly operated electrically and can be controlled by two main methods, i.e. wireless and wired. In addition, it is a machine that governs the movement of hoists. • The hoist controller market is likely to be driven by rising demand for various types of hoists in non-residential and residential construction. • MarketInsight • By Hoist Controller Market Share: By Type • Based on the type, the market is segmented as handheld and automatic.  • The handheld hoist controller market is expected to capture more than 90.9% share of the market revenue during the forecast period. • The growth of handheld hoist controllers can be attributed to their operative easiness. • On the other hand, finding very few applications in any type of industrial or manufacturing sector, automatic hoist controllers are preferred for recreational use.

3. Market Insight & Competitive Insights • By Hoist Controller Market Share: By Hoist Type • Based on the hoist type, the market is segmented as electric and hydraulic.  • Electric hoists are expected to lead the market during the forecast period as they can be controlled by both handheld and automatic controllers, whereas hydraulic hoists can be operated only by handheld controllers. • The demand for hoist controllers for use in electric hoists occupied a whopping share of over 97% in 2020, and this is likely to increase at a CAGR over 3.0% over the forecast period. • Electric hoists are experiencing a significant growth in the developed economies, despite being expensive. • This demand will further increase due to the growing manufacturing sector in the coming years. • By Hoist Controller Market Share: By End-User Type • Based on the end-user type, the market is segmented as automotive, cement, chemical, construction, marine, metal processing, and others.  • The cement end-user industry owns the highest share of the handheld hoist controller market, followed by metal processing, automotive, and construction end-users. • This is due to an increase in product demand for metal processing operations that involve a lot of material handling.

4. Market Insight & Competitive Insights • By Hoist Controller Market Share: By Region • In terms of regions, Asia-Pacific held a major share of the market for hoist controllers in 2020, and is expected to reflect its significant growth during the forecast period. • The region’s growth is majorly due to the increasing industrialization in the economies such as China and Japan. • On the other hand, North America was the second-largest market in 2020, and is also estimated to offer sizeable growth opportunities, over the forecast period, on account of the established material handling business in both The United States and Canada. • Key Players • Schneider Electric • Speed-O-Controls • Conductix-Wampfler USA • The Rowland Company • Uesco Cranes • Hoosier Crane Service Company • Demag Cranes & Components Corp. • Eastern Electric Corporation • Magnetek Inc.

5. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

6. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

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