According to Research Intelo, the global Electric Hoist Market size reached USD 2.47 billion in 2024, reflecting robust demand across diverse industrial sectors. The market is projected to grow at a CAGR of 6.2% from 2025 to 2033, reaching a forecasted value of USD 4.23 billion by 2033. This sustained growth is primarily attributed to the rising emphasis on workplace safety, increasing automation in material handling processes, and expanding infrastructure development worldwide. As industries seek efficient, reliable, and safe lifting solutions, the adoption of electric hoists continues to accelerate, reinforcing their pivotal role in modern industrial operations.