Crane and Hoist Market Projected to Reach $43.85 Billion by 2030 Driven by Construction Boom, Logistics Expansion, and Modern Manufacturing [Yahoo! Finance]
KUBOTA CORP ADR (KUBTY)
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Source: Yahoo! Finance
The report provides comprehensive statistics, including global market size, regional shares, detailed market segments, and trends. Asia-Pacific represents the largest region within this sector as of 2025. The crane and hoist market has witnessed substantial growth over recent years, with its market size projected to expand from $33.81 billion in 2025 to $35.73 billion in 2026, maintaining a compound annual growth rate (CAGR) of 5.7%. This expansion is driven by increasing investment in industrial infrastructure, the adoption of lifting automation, construction industry growth, logistical and warehousing expansion, and new manufacturing facility development. Looking ahead, the crane and hoist market is expected to reach $43.85 billion by 2030, at a CAGR of 5.2%. Key growth drivers include integrating smart lifting controls, demand for energy-efficient systems, automated material handling expansion, and modular lifting architectures adoption. Emerging trends feature automated liftin
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