Global Chain Hoist Market Growth 2019-2024

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. According to this study, over the next five years the Chain Hoist market will register a 3.8% CAGR in terms of revenue, the global market size will reach US$ 2580 million by 2024, from US$ 2060 million in 2019. In particular, this report presents the global market share (sales and revenue) of key compa ...
Table of Contents 2019-2024 Global Chain Hoist Consumption Market Report 1 Scope of the Report 1.1 Market Introduction 1.2 Research Objectives 1.3 Years Considered 1.4 Market Research Methodology 1.5 Economic Indicators 1.6 Currency Considered 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Chain Hoist Consumption 2014-2024 2.1.2 Chain Hoist Consumption CAGR by Region 2.2 Chain Hoist Segment by Type 2.2.1 Manual Chain Hoists 2.2.2 Electric Chain Hoists 2.2.3 Others 2.3 Chain Hoist Consumption by Type 2.3.1 Global Chain Hoist Consumption Market Share by Type (2014-2019) 2.3.2 Global Chain Hoist Revenue and Market Share by Type (2014-2019) 2.3.3 Global Chain Hoist Sale Price by Type (2014-2019) 2.4 Chain Hoist Segment by Application 2.4.1 Factories 2.4.2 Construction Sites 2.4.3 Marinas & Shipyards 2.4.4 Mining & Excavating Operation ...
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