Global Hoist For Mining Market – Market Reports World

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Market Overview

of Global Hoist for Mining market:
The latest research study on the global Hoist for Mining market finds that the global Hoist for Mining market reached a value of USD 413.95 million in 2022. It’s expected that the market will achieve USD 577.63 million by 2028, exhibiting a CAGR of 5.71% during the forecast period.

The hoist for mining is a large-scale machinery that is installed on the ground and uses a steel wire rope to drive the container to run in the shaft or ramp to complete the transportation tasks of ore, personnel, and materials. It is mainly composed of a motor, reducer, reel, braking system, a depth indicating system, speed measuring, speed limiting system, and control system, and is driven by AC or DC motor. According to the working principle of hoisting, mining hoists are divided into three categories: friction hoists, drum hoists, and Blair multi-rope hoists.

As an important raw material for Hoist for Mining, steel is facing multiple challenges. Since the conflict between Russia and Ukraine at the end of February 2022, transportation in the Black Sea has been blocked, and the supply of raw materials has been difficult. In addition, Europe and the United States have announced sanctions against Russia, and crude oil and energy prices have soared, Inflation climbed, and production and capital costs pushed up so that European steel mills faced pressure to cut production. Steel prices soared about 50% year-on-year to a record high.

Cold & Hot Isostatic Pressing Equipment is widely used
Due to its excellent performance, cold isostatic presses equipment is widely used in magnetic materials, ceramics, hard alloys, high-temperature refractory materials, rare earth permanent magnets, carbon materials, rare metal powders, and other industries. Hot isostatic pressing equipment is widely used in aviation, aerospace, shipbuilding, weapons, the nuclear industry, and other fields. With the continuous development of hot isostatic pressing technology, hot isostatic pressing machines are developing in the direction of large specifications, shortening the processing cycle and reducing processing costs.

Region Overview:
In 2021, the share of the Hoist for Mining market in Asia Pacific stood at 38.89%.

Company Overview:
ABB is a leading global engineering company offering a full range of electric motors, generators, drives and services, as well as mechanical power transmission products and integrated digital powertrains, by combining software with its electrification, robotics, automation and motion portfolio solution. They serve a wide range of automation applications in transportation, infrastructure, and discrete and process industries.

Segmentation Overview:
As for product types, the Friction Hoist segment held the largest market share in 2021.

Application Overview:
By application, the Coal Mine segment occupied the biggest share from 2017 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Hoist for Mining market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Hoist for Mining market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Hoist for Mining and its sub-markets in an intuitive way.

Key Companies in the global Hoist for Mining market covered in Chapter 3:
Zitron
FLSmidth
FKC-Lake Shore
Inco Engineering
SIEMAG Tecberg
ABB
Luoyang CIC
Hepburn Engineering
Olko-Maschinentechnik GmbH
Nidec

In Chapter 4 and Chapter 14.2, on the basis of types, the Hoist for Mining market from 2018 to 2029 is primarily split into:
Friction Hoist
Drum Hoist
Blair Multi-rope Hoist

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hoist for Mining market from 2018 to 2029 covers:
Coal Mine
Iron Ore
Non-ferrous Metal Ore
Non-metallic Minerals Ore

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Hoist for Mining market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.