Los Angeles, CA -- (SBWire) -- 10/04/2018 --In terms of production side, this report researches the Chain Hoist capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Chain Hoist by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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.
The Chain Hoist market was valued at 2060 Million US$ in 2017 and is projected to reach 2790 Million US$ by 2025, at a CAGR of 3.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Chain Hoist.
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This report includes the following manufacturers; we can also add the other companies as you want.
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
Market Segment by Product Type
Manual Chain Hoists
Electric Chain Hoists
Others
Market Segment by Application
Factories
Construction Sites
Marinas & Shipyards
Mining & Excavating Operation
Warehouse
Others
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Chain Hoist Market Projected to Reach 2790 Million US$ by 2025, at a CAGR of 3.9%
This study focuses on the production side and consumption side of Chain Hoist, presents the global Chain Hoist market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.