Global Hoist Chains Market, By Type (Manual Hoists Chain, Electric Hoists Chain, Others), By Applic

Published Date: | Report Code : EQ1958554

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The Hoist Chains Market growth is expected to gain high momentum during the forecast period due to Increasing demand for material handling equipment in the aerospace & defense sector.

The hoist chain is used with a hoist to lift the load, consisting of high-grade steel considering security, durability, and reliability. It is wrapped around the drum or lifts wheel in a unique lifting mechanism pocket and this pocket allows the hoist chain to move readily on the wheel. The hoist can be operated manually, engine powered or pneumatically driven. Indeed manual hoist can be categorized in three different parts lifting chain, hooks, lifting mechanism. By lifting the hook, the hoist chain is combined to load. It has two chain loops that lift the chain and the hand chain, where the hand chain has to pool by side and the lifting chain has a hook at the end where the load can be connected.

The process of transforming tiny force over a long range into big force over a tiny range is used to keep heavy items in a host for such a long time. Hoists chains are commonly used in warehouses, assembly lines, punching workshops, and stamping. Besides, hoist chains are also used in storing and handling steel coils that are used in the manufacturing of automobiles. It is also useful for material handling in the mining industry. This is used with electrical or non-electrical hoist for lifting loads, along with a host controller to control the direction. It can lift heavy loads from 63kg up to 10,000kg. These chains are available in different grades and diameter based on the strength required for various application.

The growing demand of hoists from construction and construction for material handling and lifting machinery was further expected to increase demand from the hoist chain, thus boosting the development of the worldwide hoist chain industry during the forecast period. Hoist chains have wide application in the warehouse and in cargo movement, which positively impacts on the growth of global hoist chain market. The global hoist chain has strong demand in the field of aircraft and maintenance to turn, lift and change the position of large components in an assembly. However lack of highly skilled manpower to operate hoist expected to hamper the growth of the global hoist chain market during the forecast period.

Key Factors Impacting Market Growth:

  • More demand for oil & gas drilling

  • The rapid increasing construction industry

  • Heavy demand for lifting equipment in the automotive industry

  • Increasing demand for material handling equipment in the aerospace & defense sector

Regional Outlook:

Major regions for hoist chain market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for hoist chain owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be increasing demand for material handling equipment in the aerospace & defense sector. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for hoist chain market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others. Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, increasing demand for material handling equipment in the aerospace & defense sector are estimated to register high demand for hoist chain market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of hoist chain market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for hoist chain market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: J.D. Theile, Gunnebo, FEC Corporation, Weissenfels, Campbell, Retezarna A.S., McKinnon Chain, Atli Industry Co., Ltd., Juli Sling Co., Ltd., Force Chain, Hangzhou Modern Lifting Machinery Works, and Peerless Industrial Group

Market Segmentation:

By Type:

  • Manual Chain Hoists

  • Electric Chain Hoists

  • Others

By Application:

  • Aerospace

  • Automotive

  • Construction

  • Energy

  • Marine

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global hoist chains market on regional and global basis

  • Unique research Usage for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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