The Global Automotive Engine Hoists & Cranes Market is estimated to be USD 905.38 Mn in 2023 and is expected to reach USD 1128.8 Mn by 2028 growing at a CAGR of 4.51%.Mobile cranes are using new technologies and sensors to improve operational and mechanical visibility
The global automotive industry has witnessed significant engine design and technology advancements, leading to the development of robust and efficient engines. However, the maintenance and repair of these engines often require heavy lifting and precise positioning, which cannot be easily accomplished through manual labor alone. This has led to the emergence of the global automotive engine hoists and cranes market, which focuses on providing specialized equipment for lifting and handling automotive engines. The automotive engine hoists and cranes market refers to the industry dedicated to manufacturing and supplying lifting equipment specifically designed for automotive engines. These hoists and cranes play a crucial role in vehicles' maintenance and repair processes by enabling technicians and mechanics to safely lift, position, and remove engines with precision and efficiency. Automotive engine hoists and cranes are engineered to handle the weight and dimensions of different types of engines, ranging from smaller gasoline engines to larger diesel engines. These lifting devices have robust frameworks, hydraulic systems, and adjustable features to ensure stability, flexibility, and ease of use during engine handling operations.
Several factors drive the market for automotive engine hoists and cranes. Firstly, the complexity of modern engines necessitates the use of specialized equipment to ensure safe and efficient handling during maintenance and repair tasks. Engine hoists and cranes provide the support and control required to lift engines in and out of vehicles, reducing the risk of damage and accidents. Furthermore, the increasing demand for engine upgrades and replacements, coupled with the growing fleet of vehicles globally, drives the need for reliable and durable lifting equipment. As vehicles age and require engine replacements or repairs, automotive workshops and service centers heavily rely on engine hoists and cranes to streamline operations and ensure customer satisfaction. Moreover, stringent safety regulations imposed by government authorities and industry standards have mandated the use of proper lifting equipment in automotive repair and maintenance facilities. Engine hoists and cranes facilitate compliance with these regulations and enhance workplace safety by reducing potential accidents and injuries. Therefore, the global automotive engine hoists and cranes market plays a pivotal role in the maintenance and repair processes of vehicles by providing specialized lifting equipment for automotive engines. With modern engines' increasing complexity and weight, the market is expected to grow substantially in the coming years. The industry's focus on safety, efficiency, and technological advancements will continue to drive the development of innovative solutions to meet the evolving needs of automotive repair facilities and professionals worldwide.
Market Segmentations
- The Global Automotive Engine Hoists & Cranes Market is segmented based on Product, End-Users, and Geography.
- By Product, the market is classified into Hydraulic engine hoists and cranes, Electric engine hoists and cranes, and Pneumatic engine hoists and cranes. The Hydraulic engine hoists and cranes segment is expected to have the largest market share due to their high lifting capacity, ease of operation, and reliability. Hydraulic engine hoists and cranes are used in various applications, including automotive manufacturing, automotive repair and maintenance, and car dealerships and service centers.
- By End-Users, the market is classified into the Automotive manufacturing industry, Automotive repair and maintenance workshops, and Car dealerships and service centers. The automotive manufacturing industry segment is expected to have the largest market during the forecast period due to the increasing demand for high-quality and reliable engine hoists and cranes in the automotive manufacturing industry. Automotive manufacturing companies use engine hoists and cranes to lift and move engines during production.
- By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific. Asia-Pacific has the largest market share during the forecast period due to the growing automotive industry in China, India, and other countries. The automotive industry in Asia-Pacific is growing rapidly due to the increasing demand for passenger cars and commercial vehicles.
Recent Development
- The automotive parts manufacturer Bosch announced that it would be investing USD 100 Bn in a new plant in North Carolina to manufacture automotive engine hoists and cranes. The plant is expected to create over 200 jobs and start production in 2024 - April 2023
- AutoCrane launched the new X-Gen engine hoist. The X-Gen is a more robust and versatile hoist that is designed to meet the needs of today's automotive industry. It is capable of lifting to 10,000 pounds and has a reach of up to 12 feet - February 2023
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are AC Hydraulic, BendPak, JMC Equipment, OMEGA Lift Equipment, Shinn Fu, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Automotive Engine Hoists & Cranes Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Automotive Engine Hoists & Cranes Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automotive Engine Hoists & Cranes Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Automotive Engine Hoists & Cranes Market, By Product
7 Global Automotive Engine Hoists & Cranes Market, By End-Users
8 Americas' Automotive Engine Hoists & Cranes Market
9 Europe's Automotive Engine Hoists & Cranes Market
10 Middle East and Africa's Automotive Engine Hoists & Cranes Market
11 APAC's Automotive Engine Hoists & Cranes Market
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned
- AC Hydraulic AS
- Autoquip Corp.
- BendPak, Inc.
- Columbus McKinnon Corp.
- Ellsen Machinery Equipment Co., Ltd.
- Guangzhou Mefeir Trading Co., Ltd.
- Harrington Hoists, Inc.
- Hein-Werner Automotive
- JET Equipment & Tools Ltd.
- JMC Equipment
- K&L Supply Co.
- Konecranes
- OMEGA Lift Equipment
- OTC Tools
- Performance Tool
- Ranger Products
- Rotary Lift
- Shinn Fu Corp.
- SuperJack Lifts Ltd.
- The David Round Company, Inc.
- Torin Jacks Inc.
- Tractel Group
- Zhengzhou Hongxin Rubber Products Co., Ltd.
- Zinko Hydraulic Jack
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | February 2024 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 905.38 Million |
| Forecasted Market Value ( USD | $ 1128.8 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
