| Product Code: ETC5082992 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for the hoists market experienced a decline from 2023 to 2024, with a growth rate of -9.98%. However, the compound annual growth rate (CAGR) for 2020-2024 stood at a notable 35.06%. This decline in import momentum could be attributed to shifts in demand dynamics or changes in market stability during this period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Hoists Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Hoists Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Hoists Market - Industry Life Cycle |
3.4 Armenia Hoists Market - Porter's Five Forces |
3.5 Armenia Hoists Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
3.6 Armenia Hoists Market Revenues & Volume Share, By End-users, 2022 & 2032F |
4 Armenia Hoists Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction activities in Armenia |
4.2.2 Increasing demand for material handling equipment in various industries |
4.2.3 Government initiatives to improve infrastructure and industrial development |
4.3 Market Restraints |
4.3.1 Economic instability in the region |
4.3.2 High initial investment and maintenance costs of hoists |
4.3.3 Lack of skilled labor for operating and maintaining hoists |
5 Armenia Hoists Market Trends |
6 Armenia Hoists Market Segmentations |
6.1 Armenia Hoists Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Hoists Market Revenues & Volume, By Manual Hoists, 2022-2032F |
6.1.3 Armenia Hoists Market Revenues & Volume, By Electric Hoists, 2022-2032F |
6.1.4 Armenia Hoists Market Revenues & Volume, By Air Hoists, 2022-2032F |
6.1.5 Armenia Hoists Market Revenues & Volume, By Hydraulic Hoists, 2022-2032F |
6.2 Armenia Hoists Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 Armenia Hoists Market Revenues & Volume, By Marinas and Shipyards, 2022-2032F |
6.2.3 Armenia Hoists Market Revenues & Volume, By Construction Sites, 2022-2032F |
6.2.4 Armenia Hoists Market Revenues & Volume, By Factories, 2022-2032F |
7 Armenia Hoists Market Import-Export Trade Statistics |
7.1 Armenia Hoists Market Export to Major Countries |
7.2 Armenia Hoists Market Imports from Major Countries |
8 Armenia Hoists Market Key Performance Indicators |
8.1 Average utilization rate of hoists in construction projects |
8.2 Number of new industrial projects utilizing hoists |
8.3 Rate of adoption of advanced hoisting technologies |
8.4 Average downtime of hoists due to maintenance issues |
8.5 Number of training programs conducted for hoist operators |
9 Armenia Hoists Market - Opportunity Assessment |
9.1 Armenia Hoists Market Opportunity Assessment, By Product Type, 2022 & 2032F |
9.2 Armenia Hoists Market Opportunity Assessment, By End-users, 2022 & 2032F |
10 Armenia Hoists Market - Competitive Landscape |
10.1 Armenia Hoists Market Revenue Share, By Companies, 2025 |
10.2 Armenia Hoists Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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