The hoist chain market size exceeded USD 4.5 million in 2017 and is expected to expand at a CAGR of more than 10.0% during the forecast period.
Strong demand for material handling equipment in the aerospace and defense industry will increase the demand for hoists, which will have a positive impact on the overall hoist chain market size in the coming years. Hoists are widely applied for lifting, turning and placing large components in the assembly line of aircraft assembly/maintenance, warehouse and cargo movement. Mainly in the Asia Pacific region, the increase in personal income and the increase in passenger air travel will promote the commercial aerospace industry in the region, triggering the demand for hoists and positively impact the lifting chain market size for the coming forecast period.
A full report of Hoist & Chains Market available at https://www.orionmarketreports.com/hoist-chains-market/53490/
Hoist & Chains Market Segmentations
By Type
• Profile chain
• Round chain
• Others
By End-use application
• Automotive
• Marinas & Shipyards
• Construction Sites
• Mining & Excavating Operation
• Aerospace
• Others
By Mode of operation
• Manual Chain Hoists
• Electric Chain Hoists
• Others
Company Profiles
• Columbus McKinnon Corporation
• Demag Cranes & Components Corp.
• Gunnebo Industries AB
• Harrington Hoists, Inc.
• KITO Chain Italia S.r.l.
• pewag International GmbH
• RUD Ketten Rieger & Dietz GmbH u. Co. KG
• The David Round Company, Inc.
• THIELE GmbH & Co. KG
• US Cargo Control
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
