세계의 승용 호이스트 시장 규모는 2024년에 16억 1,000만 달러로, 예측 기간 중 CAGR은 3.61%로 2030년에는 19억 8,000만 달러에 달할 것으로 예측됩니다.
세계의 승용 호이스트 시장은 도시화, 인프라 개발, 건설 및 산업 프로젝트에서 효율적인 수직 운송에 대한 수요 증가로 인해 크게 성장하고 있습니다. 건설용 엘리베이터로도 알려진 승객용 호이스트는 건설 현장에서 여러 층에 걸쳐 작업자와 자재를 안전하게 운반하는 데 필수적입니다. 급속한 산업화와 전 세계 고층 빌딩의 확산에 따라 특히 아시아태평양, 중동, 북미 등의 지역에서 신뢰할 수 있고 효율적인 승강기 호이스트에 대한 수요가 급증하고 있습니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030 |
| 시장 규모 : 2024년 | 16억 1,000만 달러 |
| 시장 규모 : 2030년 | 19억 8,000만 달러 |
| CAGR : 2025-2030년 | 3.61% |
| 급성장 부문 | 3톤 이상 |
| 최대 시장 | 북미 |
강화된 안전 기능, IoT 지원 모니터링 시스템, 에너지 효율적인 설계 등 승강기 호이스트의 기술 발전은 시장 성장을 더욱 촉진하고 있습니다. 제조업체들은 현대 건설 프로젝트 수요를 충족시키기 위해 더 높은 적재량, 더 빠른 작동 속도, 더 높은 내구성을 제공하는 호이스트 개발에 점점 더 집중하고 있습니다. 또한 스마트 기술의 통합은 실시간 데이터 추적 및 유지보수 경고를 통해 다운타임을 줄이고 작업 효율을 향상시킬 수 있는 스마트 기술을 통합하여 호이스트의 가동 중단 시간을 줄였습니다.
지속가능한 인프라 구축을 지원하는 정부 구상은 안전 규제 강화와 함께 시장 역학 형성에 매우 중요한 역할을 하고 있습니다. 신흥 국가에서는 급속한 도시화와 스마트 시티, 지하철 확장 등 야심찬 인프라 프로젝트가 여객용 호이스트의 채택 확대에 기여하고 있습니다. 반대로 선진국에서는 노후화된 인프라의 보수 및 개조로 인해 여객용 호이스트에 대한 수요가 증가하고 있습니다.
시장은 유형, 부하 용량, 용도, 지역별로 구분됩니다. 유형별로는 단일 케이지와 트윈 케이지 승용 호이스트가 주류이며, 다양한 건설 요구 사항에 대응하고 있습니다. 용도는 주거, 상업, 산업 건설 프로젝트에 이르기까지 다양하며, 공항, 쇼핑몰, 오피스 단지와 같은 대규모 프로젝트의 급증으로 인해 상업 부문이 주도하고 있습니다. 아시아태평양은 중국, 인도, 인도네시아와 같은 국가의 활발한 건설 활동에 힘입어 승용 호이스트의 가장 큰 시장입니다. 북미와 유럽도 도시 개발 및 인프라 현대화에 대한 투자가 증가함에 따라 상당한 시장 점유율을 차지하고 있습니다.
그러나 이 시장은 높은 설치 비용과 유지보수 비용, 숙련된 작업자의 필요성 등의 문제에 직면해 있습니다. 또한 원자재 가격의 변동은 제조 비용에 영향을 미칠 수 있습니다. 이러한 어려움에도 불구하고 기술 발전과 건설 산업의 자동화 도입 증가에 힘입어 시장은 안정적인 성장세를 보이고 있습니다. 시장의 주요 기업은 전략적 제휴, 제품 혁신, 지역적 확장을 통해 시장 입지를 강화하고 진화하는 고객 수요에 대응하기 위해 노력하고 있습니다.
급속한 도시화와 인프라 개발
승용 호이스트의 기술적 진보
엄격한 안전 규제와 기준
산업 프로젝트에서의 채택 확대
지속가능 건설 관행에 대한 주목의 증가
높은 초기 투자 비용
복잡한 규제 준수
숙련 노동자의 부족
정비와 운영의 과제
원재료 가격의 변동
에너지 효율이 높은 승용 호이스트로의 이동
안전 기능에 대한 주목의 증가
건설 업계에서 렌탈 서비스의 성장
The Global Passenger Hoist Market was valued at USD 1.61 Billion in 2024 and is expected to reach USD 1.98 Billion by 2030 with a CAGR of 3.61% during the forecast period. The global passenger hoist market is witnessing significant growth, driven by increasing urbanization, infrastructure development, and the rising demand for efficient vertical transportation in construction and industrial projects. Passenger hoists, also known as construction elevators, are critical for safely transporting workers and materials across multiple levels at construction sites. With rapid industrialization and the proliferation of high-rise buildings worldwide, the need for reliable and efficient passenger hoists has surged, especially in regions like Asia-Pacific, the Middle East, and North America.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 1.61 Billion |
| Market Size 2030 | USD 1.98 Billion |
| CAGR 2025-2030 | 3.61% |
| Fastest Growing Segment | Above 3 Ton |
| Largest Market | North America |
Technological advancements in passenger hoists, including enhanced safety features, IoT-enabled monitoring systems, and energy-efficient designs, are further fueling market growth. Manufacturers are increasingly focusing on developing hoists that offer higher load capacities, faster operational speeds, and greater durability to meet the demands of modern construction projects. The integration of smart technologies has also enabled real-time data tracking and maintenance alerts, reducing downtime and improving operational efficiency.
Government initiatives supporting sustainable infrastructure development, along with stricter safety regulations, are playing a pivotal role in shaping the market dynamics. In emerging economies, rapid urbanization and ambitious infrastructure projects, such as smart cities and metro rail expansions, are contributing to the increasing adoption of passenger hoists. Conversely, developed regions are experiencing demand for passenger hoists due to renovations and retrofitting of aging infrastructure.
The market is segmented based on type, load capacity, application, and region. On the basis of type, single-cage and twin-cage passenger hoists dominate, catering to diverse construction requirements. The applications span residential, commercial, and industrial construction projects, with the commercial segment leading due to the proliferation of large-scale projects like airports, shopping malls, and office complexes. Asia-Pacific is the largest market for passenger hoists, driven by robust construction activities in countries like China, India, and Indonesia. North America and Europe also hold substantial market shares, with increasing investments in urban development and infrastructure modernization.
However, the market faces challenges such as high installation and maintenance costs and the need for skilled operators. Additionally, fluctuations in raw material prices may impact manufacturing costs. Despite these challenges, the market is poised for steady growth, supported by advancements in technology and the increasing adoption of automation in the construction industry. Key players in the market are focusing on strategic collaborations, product innovations, and geographic expansions to strengthen their market presence and meet evolving customer demands.
Key Market Drivers
Rapid Urbanization and Infrastructure Development
The global population shift toward urban centers has accelerated the demand for passenger hoists. According to the United Nations, approximately 55% of the world's population lived in urban areas in 2020, and this figure is expected to reach 68% by 2050. Urbanization has led to a surge in the construction of high-rise residential and commercial buildings, particularly in emerging economies. For instance, in China alone, the number of high-rise buildings increased by over 60% between 2015 and 2023. Passenger hoists play a critical role in such projects, enabling efficient vertical transportation of workers and materials. Furthermore, government-backed smart city initiatives, such as India's plan to develop 100 smart cities, are creating substantial opportunities for passenger hoist adoption in large-scale infrastructure projects like metro systems, airports, and industrial hubs.
Technological Advancements in Passenger Hoists
The introduction of innovative technologies in passenger hoists is a major driver of market growth. Features such as automated control systems, IoT-enabled monitoring, and energy-efficient mechanisms have significantly improved safety and operational efficiency. For example, the integration of AI-based predictive maintenance systems can reduce downtime by up to 30% while extending equipment lifespan. Furthermore, lightweight yet durable materials such as aluminum alloys are replacing traditional steel components, reducing the overall weight of passenger hoists by 15-20% without compromising strength. Additionally, advancements in variable frequency drives (VFDs) have enhanced operational speed and energy efficiency, with some systems achieving energy savings of up to 40%.
Stringent Safety Regulations and Standards
Governments and regulatory bodies are enforcing stringent safety standards, driving the adoption of modern passenger hoists with advanced safety features. For example, the European Union's Machinery Directive (2006/42/EC) mandates safety mechanisms such as overload protection and emergency braking systems in construction elevators. Similarly, OSHA in the United States has outlined detailed guidelines for hoist operations to minimize workplace injuries. The International Labour Organization (ILO) reported that nearly 25% of all construction-related accidents globally are due to inadequate vertical transportation systems. These statistics have compelled companies to invest in safer passenger hoists, which are equipped with anti-fall devices, limit switches, and real-time safety monitoring.
Growing Adoption in Industrial Projects
Beyond construction, passenger hoists are increasingly being utilized in industrial projects such as power plants, refineries, and shipyards. The global energy sector, for instance, invested over USD2 trillion in 2022 in infrastructure projects, many of which required vertical access solutions. In mining operations, passenger hoists are critical for transporting personnel and equipment to underground levels efficiently. The expanding demand for industrial facilities, including chemical plants and oil refineries, has further bolstered passenger hoist adoption. In Brazil's offshore oilfields, the use of passenger hoists has improved worker safety and reduced operational inefficiencies, demonstrating their importance in high-stakes industrial environments.
Increasing Focus on Sustainable Construction Practices
Sustainability trends are encouraging the adoption of energy-efficient passenger hoists. The construction sector accounts for 36% of global energy consumption, prompting stakeholders to seek eco-friendly solutions. Modern passenger hoists incorporate regenerative braking systems, which can recover up to 30% of the energy used during operation, reducing overall electricity consumption. Additionally, the use of recyclable materials in hoist manufacturing aligns with green building certifications such as LEED (Leadership in Energy and Environmental Design). For instance, in Dubai, sustainable construction initiatives have mandated the use of energy-efficient machinery, including passenger hoists, for all new high-rise projects. This shift toward sustainability is not only reducing environmental impacts but also lowering operational costs, creating a win-win scenario for manufacturers and end-users.
Key Market Challenges
High Initial Investment Costs
One of the primary challenges in the global passenger hoist market is the significant initial investment required for purchasing and installing these systems. Passenger hoists involve advanced technology, robust materials, and stringent safety standards, which contribute to their high cost. This can be a financial burden, particularly for small and medium-sized enterprises (SMEs) and construction firms operating in developing regions. Additionally, high capital expenditure on passenger hoists may deter some companies from adopting these systems, especially in projects with tight budgets. Leasing options are available, but long-term rentals can also strain finances.
Complex Regulatory Compliance
The passenger hoist market is heavily influenced by strict government regulations and safety standards. Manufacturers and operators must comply with regional safety guidelines, which vary significantly across countries and regions. Adherence to these regulations requires substantial investments in research, testing, and certifications, potentially delaying product launches and increasing costs. For construction firms, failure to comply with these standards can lead to fines, project delays, and reputational damage. This complexity in regulatory frameworks presents an ongoing challenge for both manufacturers and end-users.
Skilled Workforce Shortages
The operation and maintenance of passenger hoists demand a skilled workforce familiar with advanced machinery and safety protocols. However, there is a growing shortage of trained operators and technicians in several regions. This lack of expertise can lead to inefficient operations, increased downtime, and higher operational risks. Training programs and certifications are available, but they require time and financial resources, which may not be feasible for all construction firms, particularly in emerging economies.
Maintenance and Operational Challenges
Passenger hoists require regular maintenance and servicing to ensure safety and reliability. However, maintaining these systems can be challenging due to the need for specialized parts, tools, and skilled technicians. Delayed or inadequate maintenance can lead to equipment failures, project delays, and increased costs. In addition, the operational efficiency of passenger hoists may be affected by harsh environmental conditions, such as extreme heat, dust, or humidity, which further complicates maintenance efforts.
Raw Material Price Volatility
The cost of raw materials, such as steel and aluminum, significantly impacts the manufacturing cost of passenger hoists. Fluctuations in raw material prices due to geopolitical tensions, trade restrictions, or supply chain disruptions create uncertainty for manufacturers. These cost variations are often passed on to buyers, potentially discouraging adoption. Additionally, the global supply chain's vulnerability to disruptions, as highlighted during the COVID-19 pandemic, further exacerbates the challenge of managing production costs effectively.
Key Market Trends
Shift Towards Energy-Efficient Passenger Hoists
With growing environmental concerns and stricter regulations on energy consumption, the demand for energy-efficient passenger hoists is on the rise. Manufacturers are introducing hoists with features like regenerative braking systems, energy-saving motors, and advanced control systems to reduce power consumption. These innovations align with the global push for sustainable construction practices. Additionally, energy-efficient hoists are more cost-effective in the long run, making them an attractive choice for construction firms looking to optimize operational expenses while adhering to green building standards.
Increased Focus on Safety Features
Safety has become a paramount concern in the passenger hoist market, driving manufacturers to incorporate enhanced safety mechanisms. Features such as anti-fall devices, emergency braking systems, and overload detection have become standard in modern hoists. Compliance with international safety standards is increasingly prioritized, as regulatory bodies impose stricter guidelines for construction equipment. This focus on safety is not only reducing accidents but also improving the reliability of passenger hoists, making them indispensable for complex and large-scale construction projects.
Growth of Rental Services in the Construction Industry
The rising cost of purchasing and maintaining passenger hoists has led to significant growth in the rental services market. Construction companies, especially small and medium-sized enterprises (SMEs), are increasingly opting for rental solutions to reduce capital expenditure. Rental services offer flexibility, allowing firms to access modern and well-maintained equipment without the need for long-term investment. This trend has prompted major market players to expand their rental offerings, ensuring access to the latest models equipped with advanced features. The rental segment is particularly gaining traction in regions with fluctuating construction activity levels, such as Europe and North America.
Segmental Insights
Type Insights
Below 2 Ton segment dominated in the Global Passenger Hoist market in 2024 primarily due to its suitability for a wide range of construction and industrial applications. These hoists are particularly favored in the construction of residential buildings, low- to mid-rise structures, and smaller commercial projects. Their compact design, affordability, and ease of installation make them an ideal choice for contractors working on projects with moderate load and height requirements. One of the key factors driving this segment's dominance is the surge in urbanization and housing demand, especially in developing economies across Asia-Pacific, Africa, and Latin America. Governments and private developers in these regions are heavily investing in affordable housing initiatives and urban infrastructure, which typically require lightweight passenger hoists. The cost-effectiveness of Below 2 Ton hoists makes them a preferred option for such projects, enabling construction firms to optimize budgets without compromising efficiency. Moreover, the Below 2 Ton hoists are easier to maintain and operate, further enhancing their appeal among small and medium-sized enterprises (SMEs) in the construction sector. These companies often operate with tighter budgets and prefer solutions that balance functionality and cost. The availability of rental options for Below 2 Ton hoists has also contributed to their widespread adoption, allowing firms to access modern equipment without the need for significant capital investment.
Regional Insights
North America dominated the Global Passenger Hoist market in 2024 due to a combination of robust infrastructure development, advanced construction practices, and stringent safety regulations. The region's thriving construction industry, particularly in the United States and Canada, has been fueled by significant investments in residential, commercial, and industrial projects. The rise of high-rise buildings and large-scale urban developments across major metropolitan areas like New York, Toronto, and Los Angeles has driven the demand for passenger hoists, as they are indispensable for efficient vertical transportation on construction sites. Technological innovation is another critical factor contributing to North America's dominance. The region is at the forefront of adopting advanced construction equipment, including smart passenger hoists integrated with IoT and automation technologies. These solutions enhance safety, operational efficiency, and project timelines, aligning with the increasing emphasis on digital transformation in the construction sector. North American manufacturers also benefit from access to cutting-edge research and development facilities, enabling the introduction of energy-efficient and high-performance hoists tailored to market demands.
Stringent safety regulations imposed by bodies like OSHA (Occupational Safety and Health Administration) and ANSI (American National Standards Institute) have further bolstered the demand for high-quality passenger hoists. Compliance with these standards has led to the adoption of hoists equipped with advanced safety features, such as anti-fall devices and emergency braking systems, ensuring worker safety and reducing liability for construction companies. Additionally, the region's strong rental market supports its dominance. The high cost of ownership has encouraged many construction firms to opt for rental services, allowing them access to modern and well-maintained equipment. This trend has been accelerated by the presence of major rental companies that offer tailored solutions for varying project requirements. Collectively, these factors establish North America as the leading market for passenger hoists in 2024.
In this report, the Global Passenger Hoist Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Passenger Hoist Market.
Global Passenger Hoist Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: