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Hoist Chains Market Share

Report ID: GMI2898
Published Date: Sep 2018
Report Format: PDF

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Hoist Chains Market Share

Global hoist chains market is consolidated as the major hoist chain manufacturers constitute more than 50% of the total industry share. Some of the key hoist chains manufacturers in the market are

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

Gunnebo constituted a share close to 15% of the total market share in 2017. The company is engaged in the manufacturing and distribution of lifting and material handling equipment such as crane blocks, wire rope sheaves, chain & lifting components, shackles, and lashing products. Furthermore, the company has manufacturing units in three countries and sales facilities in over 10 countries across the globe.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of hoist chains exceeded USD 4.5 million in 2017.

The industry share of hoist chains is projected to expand at over 10% CAGR from 2018 to 2025.

Escalating requirement for efficient material handling equipment across the aerospace and defense sector and the need to lift, turn and position large components in warehouses & assembly lines are propelling hoist chains demand.

Surface-hardened hoist chains are finding key applications across end-user industries such as oil & gas, aerospace, automotive, construction, mining, etc.

Availability of rich shale oil reserves and numerous exploration activities being conducted in the oil & gas sector are shaping North America as a key contender in global hoist chains industry.

Rise in per capita income & escalating air passenger numbers is expected to support the growth of the commercial aerospace sector of Asia Pacific, bolstering hoist chains demand.