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Chain Hoist is a mechanical device for lifting material, consisting of chain around a drum or wheel lift, and a hook for attaching payload.
In terms of production, the global chain hoist market accounted for 3593 K Units in 2015, and is anticipated to reach 4991 K Units by 2021.
China is the dominant producer and exporter of chain hoist, the production of chain hoist is 1639 K Unit in 2015, according about 45.62% of the total amount. China is also the biggest consumer of chain hoist, with the consumption market share of about 38.13% in 2015. EU is the second largest production area, with the market share of 19.01% in 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.
Leading players in chain hoist industry are Columbus McKinnon, Terex, KITO, Konecranes, and Hitachi Industrial. Columbus McKinnon is the largest manufacturer, occupies about 14.48% share of the market.
The price of chain hoist is lower year by year from 569 USD/Unit in 2011 to 524 USD/Unit in 2015. The product profit margin is about 27.41% in 2015, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.
Market Analysis and Insights: Global Chain Hoist Market
The global Chain Hoist market was valued at US$ 2418.2 in 2020 and will reach US$ 3042.2 million by the end of 2027, growing at a CAGR of 3.9% during 2022-2027.
Global Chain Hoist Scope and Market Size
The global Chain Hoist market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Chain Hoist market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Manual Chain Hoists
Electric Chain Hoists
Others
Segment by Application
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Others
The Chain Hoist market is analysed and market size information is provided by regions (countries). Segment by Application, the Chain Hoist market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Columbus McKinnon
Terex
KITO
Konecranes
Hitachi Industrial
Stahl
ABUS crane systems
Ingersoll Rand
TBM
Zhejiang Guanlin
Zhejiang Wuyi
J.D.Neuhaus L.P.
Verlinde
Liftket
Shanghai yiying
TOYO
TXK
Chongqing Kinglong
WKTO
DAESAN
GIS AG
Nucleon
PLANETA
Liaochengwuhuan
In terms of production, the global chain hoist market accounted for 3593 K Units in 2015, and is anticipated to reach 4991 K Units by 2021.
China is the dominant producer and exporter of chain hoist, the production of chain hoist is 1639 K Unit in 2015, according about 45.62% of the total amount. China is also the biggest consumer of chain hoist, with the consumption market share of about 38.13% in 2015. EU is the second largest production area, with the market share of 19.01% in 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.
Leading players in chain hoist industry are Columbus McKinnon, Terex, KITO, Konecranes, and Hitachi Industrial. Columbus McKinnon is the largest manufacturer, occupies about 14.48% share of the market.
The price of chain hoist is lower year by year from 569 USD/Unit in 2011 to 524 USD/Unit in 2015. The product profit margin is about 27.41% in 2015, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.
Market Analysis and Insights: Global Chain Hoist Market
The global Chain Hoist market was valued at US$ 2418.2 in 2020 and will reach US$ 3042.2 million by the end of 2027, growing at a CAGR of 3.9% during 2022-2027.
Global Chain Hoist Scope and Market Size
The global Chain Hoist market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Chain Hoist market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Manual Chain Hoists
Electric Chain Hoists
Others
Segment by Application
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Others
The Chain Hoist market is analysed and market size information is provided by regions (countries). Segment by Application, the Chain Hoist market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Columbus McKinnon
Terex
KITO
Konecranes
Hitachi Industrial
Stahl
ABUS crane systems
Ingersoll Rand
TBM
Zhejiang Guanlin
Zhejiang Wuyi
J.D.Neuhaus L.P.
Verlinde
Liftket
Shanghai yiying
TOYO
TXK
Chongqing Kinglong
WKTO
DAESAN
GIS AG
Nucleon
PLANETA
Liaochengwuhuan
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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