Get lifted: Demand is expected to rise as key downstream markets increase purchases

The Hoists and Winch Manufacturing Industry has experienced a moderate revenue decline during the five-year period to 2017. Weak commodity prices in recent years are expected to have limited equipment expenditures in mining and manufacturing markets, which has reduced their demand for industry products. Investment in industry products waned and the price of steel fell, which effectively reduced the selling price of industry products and further reduced demand. Over the five years to 2022, industry revenue is forecast to increase. The key components of demand for industry products are anticipated to expand gradually over the next five years, which should support stable growth in purchases of industry products...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-2.7%
Forecast Growth 17-22
Profit
Employment
2,176
Businesses
34
What Our Customers Say

Industry Threats & Opportunities

  • Investment in industry products waned and the price of steel fell, reducing industry prices and demand
  • The decline in exports has been mitigated by the increased level of industry concentration
  • Increased steel price stability and demand should support rising profit margins
  • Industry Report - Starting a New Business Chapter

    There are no licensing requirements, government regulations or resource constraints that significantly increase this industry's barriers to entry above that of the average manufacturing industry. However, the presence of a strong industry association, the Materials Handling Institute (MHI), does create artificially increased standards. As a result, while the institution supports industry operators and forwards the industry's products, it creates barriers to entry for companies not already part of the network. Additionally, the cost of establishing manufacturing facilities and sourcing skilled employees may deter some companies from entering the industry. Moreover, industry operators have typically been operating for several decades and have a wide variety of related products. Thi...purchase to read more.

    Additional Insights for the Hoist & Winch Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hoist & Winch Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Having an integrated operation
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Private investment in manufacturing structures in the Hoist & Winch Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Hoist & Winch Manufacturing Industry?

    This industry manufactures hoists and winches. Hoists are usually designed to lift objects vertically, while winches move objects laterally.

    Industry Products
  • Winches mounted on vehicles
  • Electric and other winches
  • Electric motor hoists
  • Nonelectric hoists
  • Hoist parts
  • Winch parts
  • Industry Activities
  • Manufacturing winches for mounting on wheel and crawler tractors and other prime movers
  • Manufacturing electric and other winches
  • Manufacturing parts for winches
  • Manufacturing chain hand hoists
  • Manufacturing electric (roller and link) chain hoists
  • Manufacturing electric wire rope hoists
  • Manufacturing air or other nonelectric chain hoists
  • Manufacturing air and other nonelectric wire rope hoists
  • Manufacturing parts for hoists
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Private investment in manufacturing structures
  • Trade-weighted index
  • Price of steel

  • Current Performance
  • Industrial demand components
  • International trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Returning demand
  • International trade
  • Industry structure
  • Table: Hoist & Winch Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hoist & Winch Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Construction
  • Manufacturing
  • Transportation and Warehousing

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing
  • Pump & Compressor Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Electric and other winches
  • Hoist parts
  • Electric motor hoists
  • Winches mounted on vehicles
  • Nonelectric hoists
  • Winch parts
  • Chart: Hoist & Winch Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing markets
  • Other markets
  • Mining markets
  • Exports
  • Government
  • Construction markets
  • Transportation and warehousing
  • Utilities markets
  • Chart: Major Market Segmentation for the Hoist & Winch Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Hoist & Winch Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hoist & Winch Manufacturing Industry

  • Industry Globalization
    Columbus McKinnon CorporationIngersoll-Rand Company Ltd.Dover CorporationRamsey Winch Company
  • Table: Columbus McKinnon Corporation - financial performance
  • Table: Ingersoll-Rand Company Ltd. - financial performance
  • Table: Dover Corporation - financial performance
  • Table: Ramsey Winch Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hoist & Winch Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hoist & Winch Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hoist
  • A device used for lifting or lowering a load by means of a drum or lift-wheel where a rope, chain or cable wraps.
  • Materials Handling
  • The moving, storing and protecting of goods and products.
  • Winch
  • A mechanical device used to pull in (wind up) or let out (wind out) rope, chain or cable.
  • Why buy this report?

    IBISWorld’s Hoist & Winch Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Hoist & Winch Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hoist & Winch Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hoist & Winch Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hoist & Winch Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear