Electric Hoist Market to Grow by USD 2,000 Mn | Market Segmentation by Product-Market.us
It is estimated that the global electric hoist market will be worth USD 2,000 million by 2023, at a CAGR of 6.2% during the forecast period 2018-2023. The electric hoist market is growing at a significant rate. This is due to the increasing demand for electric hoists in various industries such as construction, mining, and power generation. Electric hoists are used in various industries such as construction, mining, and power generation for lifting heavy loads that are not possible with manual labor alone. Their use has increased over the years due to their versatility and easy operation combined with their…
- Date: December 8, 2022
- Author: Timmy Thomas
- Category: Taiwan News