What is Global Chain Hoist Market?
The Global Chain Hoist Market is a comprehensive study of the various aspects of the chain hoist industry on a global scale. Chain hoists are mechanical devices used for lifting heavy objects and materials. They are an integral part of various industries such as construction, manufacturing, marine, and mining. The market study encompasses the production, sales, and consumption patterns of chain hoists across the globe. It provides a detailed analysis of the key players in the market, their strategies, market shares, and the overall competitive landscape. The study also delves into the various types of chain hoists available in the market, their applications, and the emerging trends in the industry. It is a valuable resource for stakeholders, investors, industry leaders, and new entrants to understand the dynamics of the global chain hoist market and make informed business decisions.
Manual Chain Hoists, Electric Chain Hoists, Others in the Global Chain Hoist Market:
The Global Chain Hoist Market is segmented into Manual Chain Hoists, Electric Chain Hoists, and Others. Manual Chain Hoists are the most common type and hold the largest market share. They are simple to use, cost-effective, and require minimal maintenance. They are widely used in small-scale industries and workshops. Electric Chain Hoists are more advanced and are used for lifting heavier loads. They are equipped with electric motors and are controlled by a remote or a switch. They are commonly used in large-scale industries, construction sites, and warehouses. The 'Others' category includes pneumatic and hydraulic chain hoists. These are used in specific industries such as marine, mining, and oil and gas where there is a need for high lifting capacity and speed. The market study provides a detailed analysis of each of these segments, their growth patterns, and future prospects.
Factories and warehouse, Construction Sites, Marine and Ports, Mining and Excavating Operation, Oil and Gas, Others in the Global Chain Hoist Market:
The Global Chain Hoist Market finds its application in various sectors such as Factories and Warehouses, Construction Sites, Marine and Ports, Mining and Excavating Operation, Oil and Gas, and Others. In factories and warehouses, chain hoists are used for lifting and moving heavy goods. They help in reducing manual labor and increase efficiency. In construction sites, they are used for lifting construction materials, equipment, and workers. In the marine and ports sector, chain hoists are used for loading and unloading cargo. In the mining and excavating operations, they are used for lifting mined materials and heavy machinery. In the oil and gas industry, chain hoists are used for lifting and moving drilling equipment and other heavy machinery. The 'Others' category includes applications in sectors such as agriculture, automotive, and power generation. The market study provides a detailed analysis of the application of chain hoists in each of these sectors, their growth patterns, and future prospects.
Global Chain Hoist Market Outlook:
The Global Chain Hoist Market, which was valued at US$ 2074 million in 2022, is expected to reach US$ 2515.6 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period of 2023-2029. The market is dominated by the top four manufacturers who collectively hold a share of over 25%. In terms of product types, Manual Chain Hoists lead the market with a share of over 65%. This dominance can be attributed to their widespread use due to their simplicity, cost-effectiveness, and low maintenance requirements. The market study provides a detailed analysis of these trends and their impact on the future growth of the Global Chain Hoist Market.
| Report Metric | Details |
| Report Name | Chain Hoist Market |
| Accounted market size in 2023 | US$ 2131.5 million |
| Forecasted market size in 2029 | US$ 2515.6 million |
| CAGR | 2.8 |
| Base Year | 2023 |
| 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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| Sales by Region |
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| By Company | Columbus McKinnon, KITO, Konecranes, Terex, Hitachi Industrial, TBM, Ingersoll Rand, TOYO, Shanghai yiying, ABUS crane systems, Zhejiang Guanlin, Zhejiang Wuyi, Chengday, J.D.Neuhaus L.P.,, Liftket, Nitchi, TXK, Chongqing Kinglong, WKTO, DAESAN, GIS AG, Nucleon, PLANETA-Hebetechnik, Liaochengwuhuan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
