Los Angeles, CA -- (SBWIRE) -- 11/30/2018 -- This report presents the worldwide Chain Hoist market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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.

The Chain Hoist market was valued at 2060 Million US$ in 2017 and is projected to reach 2790 Million US$ by 2025, at a CAGR of 3.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Chain Hoist.

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The following manufacturers are covered in this report:

Columbus McKinnon

Terex

KITO

Konecranes

Hitachi Industrial

Stahl

ABUS crane systems

Ingersoll Rand

TBM

Zhejiang Guanlin

Zhejiang Wuyi

J.D.Neuhaus L.P.

Verlinde

Liftket

Shanghai yiying

TOYO

TXK

Chongqing Kinglong

WKTO

DAESAN

GIS AG

Nucleon

PLANETA

Liaochengwuhuan

Chain Hoist Breakdown Data by Type

Manual Chain Hoists

Electric Chain Hoists

Others

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