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Hoist Sling Chains Assemblies Market Share

Report ID: GMI2896
Published Date: Sep 2018
Report Format: PDF

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Hoist Sling Chains Assemblies Market Share

Some of the key sling chain manufacturers in the market have been:

RUD Group
pewag
Gunnebo
Peerless Industrial Group
J.D. Theile

The market has been highly competitive with significant strategy initiatives by competitors. For instance, in May 2018, RUD Group entered into a partnership with Caldwell Lifting Solutions and combined its sales & service activities for its lifting and material handling solutions in the U.S. and Canada. This partnership will help the company to increase its market in the U.S. and Canada with a new level of expertise and a wider range of products from a single source.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of hoist lifting chains assemblies exceeded USD 4.2 million in 2017.

The industry share of hoist lifting chains assemblies is projected to grow at 10% CAGR between 2018 and 2025.

Robust advancements in the global shipbuilding sector and commencement of mega-ship building projects are expected to endow hoist lifting chains assemblies industry with lucrative growth proceeds over the coming years.

Master link assemblies are recording robust demand owing to its excessive strength and stress enduring capacity as well as its ability to operate with environmental hazards like chemicals or excessive heat.

Currently, RUD Chain, Inc., THIELE, Parsons Chain China, Chaineries Limousines, FEW Ketten Walder, J. D. Theile GmbH & Co. KG, Retezarna A.S., McKinnon Chains, Peerless Industrial Group, Inc., Juli Sling Co. Ltd., and Force Chain are some of the leading manufacturers of hoist sling chains assemblies.

Rapid urbanization across countries like India, Taiwan and South Korea has generated strong growth prospects in the regional construction sector, favoring the demand for hoist sling chains assemblies across APAC.