What is Global Air Chain Hoists Market?
The Global Air Chain Hoists Market is a comprehensive study of the global market trends and growth prospects in the air chain hoists industry. Air chain hoists are lifting devices that use air pressure to lift, lower and move loads. They are commonly used in industries where electrical devices are potentially hazardous due to the presence of flammable gases or other materials. The market analysis includes the study of various factors that influence the growth of the market, including the competitive landscape, technological advancements, and the regulatory environment. The report also provides a detailed analysis of the market's growth potential in different regions and countries.
Light Duty, Medium Duty, Heavy Duty in the Global Air Chain Hoists Market:
The Global Air Chain Hoists Market is segmented based on the load capacity of the hoists into light duty, medium duty, and heavy duty. Light duty air chain hoists are designed for applications where the load is less than 20 tons. They are typically used in small-scale industries and workshops. Medium duty air chain hoists are designed for loads between 20 and 50 tons. They are commonly used in construction sites and manufacturing units. Heavy duty air chain hoists are designed for loads above 50 tons. They are used in heavy industries such as mining and shipbuilding. Each of these segments has its own set of market dynamics, growth drivers, and challenges.
Oil & Gas, General Industry, Construction, Mining & Excavating Operation, Others in the Global Air Chain Hoists Market:
The Global Air Chain Hoists Market finds its application in various sectors such as Oil & Gas, General Industry, Construction, Mining & Excavating Operation, and others. In the Oil & Gas industry, air chain hoists are used for lifting heavy equipment and materials. In the General Industry, they are used in manufacturing units for lifting and moving heavy goods. In the Construction industry, air chain hoists are used for lifting construction materials. In the Mining & Excavating Operation, they are used for lifting and moving mined materials. Other applications include shipbuilding, power plants, and warehousing. Each of these sectors has its own set of market dynamics, growth drivers, and challenges.
Global Air Chain Hoists Market Outlook:
The Global Air Chain Hoists Market was valued at US$ 205.7 million in 2022. It is expected to reach a value of US$ 248.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period of 2023-2029. North America holds the largest share of the market, accounting for approximately 34% of the total market. Europe follows closely behind, holding about 32% of the market share. The top three companies in the market hold about 43% of the total market share. This data indicates a highly competitive market landscape with a few key players dominating the market.
| Report Metric | Details |
| Report Name | Air Chain Hoists Market |
| Accounted market size in 2022 | US$ 205.7 million |
| Forecasted market size in 2029 | US$ 248.4 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Columbus McKinnon, KITO, JD Neuhaus, Ingersoll Rand, Toku, Atlas Copco, KHC, Endo-kogyo, Chengday, Shanghai yiying, Shanyan, PLANETA Hebetechnik, Changzhou Meiseng |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
