Market Overview:
The global chain rigging market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chain rigging in steel industry, transportation, ports and other applications. Additionally, the growing demand for lightweight and durable chain rigging systems is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing chain rigging systems may restrain the growth of this market during the forecast period. On basis of type, single chain rigging segment is expected to hold major share in global Chain Rigging Market during forecast period owing its properties such as high strength-to-weight ratio and low maintenance cost as compared multiple chains rigsing segments .On basis on application ,steel industry segment accounted for largest share followed by transportation sector due rising demand from automotive & aerospace industries across globe .
Product Definition:
Chain rigging is a type of rigging that uses chains instead of ropes to support or move loads. The chains are attached to the load either directly or through a series of blocks and tackle. Chain rigging is used when there is a need for heavy lifting or moving, as it can handle large loads without breaking.
Single Chain Rigging:
Single chain rigging is a process of using one chain to suspend and hold the objects/articles. It is mostly used in shipbuilding for holding masts, yards, spars or any other object that needs to be raised off the ground. Single-chain rigs consist of only one anchor point (the nearest link in the chain) which can be used to suspending an object from a horizontal surface such as a mast or tree.
Multiple Chain Rigging:
Multiple chain rigging is a process where more than two chains are used to suspend loads from a single point. It is mainly used in the construction industry for cranes, bridge sections, and other heavy-duty applications. The technique allows the use of smaller blocks and links which reduces cost as well as weight of the system. Multiple chain rigging offers high strength due to longer suspension chains resulting in increased load capacity compared to single-chain rigs.
Application Insights:
The steel industry was the largest application segment in 2016 and accounted for more than 50.0% of the total market revenue. The growth can be attributed to increasing demand for steel across various end-use industries including construction, automotive, electrical & electronics, machinery and others. Chain rigging is used in several applications such as material handling; bridge inspection; oil & gas platform maintenance; wind turbine installation/maintenance etc.
Ports are expected to witness significant growth over the forecast period owing to growing container traffic at seaports around the world including Los Angeles; Shanghai; Dubai etc., which is likely to propel demand for chain rigs from ports globally. Furthermore, stringent government regulations regarding port infrastructure development along with rising investments by private players are anticipated drive industry expansion over the coming years positively impacting overall market growth worldwide eventually leading us into 2030 ¢â‚¬ %.
Regional Analysis:
Asia Pacific dominated the global chain rigging market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure activities in China, India, Japan, South Korea, Singapore and other Southeast Asian countries. In addition, rising trade activities with Australia & New Zealand are expected to drive demand for port facilities in this region which will propel industry growth over the next eight years.
Europe accounted for a significant share of revenue as well as volume in 2016 owing to growing steel production capacity at home and abroad coupled with increased spending on port infrastructure by Germany’s ports authority (GPA) is anticipated to augment industry expansion over the coming years. However slow down or halt in construction projects due to economic slowdown or political instability may affect industry development prospects negatively.
Growth Factors:
- Increasing demand for lifting and rigging equipment in the construction and manufacturing industries
- Growing popularity of electric chain hoists in the industrial sector
- Rising demand for advanced rigging systems from marine applications
- Proliferation of automated material handling systems across various industries
- Increasing use of chain rigging systems in wind energy applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Chain Rigging Market Research Report
By Type
Single Chain Rigging, Multiple Chain Rigging
By Application
Steel Industry, Transportation, Ports, Others
By Companies
Franklin Offshore Group, BC Wire Rope, Sullivan Wire Rope Inc., West Coast Wire Rope & Rigging, Inc., Silver State Wire Rope, PAGE WIRE ROPE INC., Julisling
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Chain Rigging Market Report Segments:
The global Chain Rigging market is segmented on the basis of:
Types
Single Chain Rigging, Multiple Chain Rigging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Steel Industry, Transportation, Ports, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Franklin Offshore Group
- BC Wire Rope
- Sullivan Wire Rope Inc.
- West Coast Wire Rope & Rigging, Inc.
- Silver State Wire Rope
- PAGE WIRE ROPE INC.
- Julisling
Highlights of The Chain Rigging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Chain Rigging
- Multiple Chain Rigging
- By Application:
- Steel Industry
- Transportation
- Ports
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chain Rigging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chain rigging is a type of fraud where a trader or broker uses false information to manipulate the price of an asset. This can be done by artificially increasing or decreasing the supply of an asset, which will cause its price to rise or fall.
Some of the major players in the chain rigging market are Franklin Offshore Group, BC Wire Rope, Sullivan Wire Rope Inc., West Coast Wire Rope & Rigging, Inc., Silver State Wire Rope, PAGE WIRE ROPE INC., Julisling.
The chain rigging market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chain Rigging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chain Rigging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chain Rigging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chain Rigging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chain Rigging Market Size & Forecast, 2018-2028
4.5.1 Chain Rigging Market Size and Y-o-Y Growth
4.5.2 Chain Rigging Market Absolute $ Opportunity
Chapter 5 Global Chain Rigging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chain Rigging Market Size Forecast by Type
5.2.1 Single Chain Rigging
5.2.2 Multiple Chain Rigging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chain Rigging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chain Rigging Market Size Forecast by Applications
6.2.1 Steel Industry
6.2.2 Transportation
6.2.3 Ports
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chain Rigging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chain Rigging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chain Rigging Analysis and Forecast
9.1 Introduction
9.2 North America Chain Rigging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chain Rigging Market Size Forecast by Type
9.6.1 Single Chain Rigging
9.6.2 Multiple Chain Rigging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chain Rigging Market Size Forecast by Applications
9.10.1 Steel Industry
9.10.2 Transportation
9.10.3 Ports
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chain Rigging Analysis and Forecast
10.1 Introduction
10.2 Europe Chain Rigging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chain Rigging Market Size Forecast by Type
10.6.1 Single Chain Rigging
10.6.2 Multiple Chain Rigging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chain Rigging Market Size Forecast by Applications
10.10.1 Steel Industry
10.10.2 Transportation
10.10.3 Ports
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chain Rigging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chain Rigging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chain Rigging Market Size Forecast by Type
11.6.1 Single Chain Rigging
11.6.2 Multiple Chain Rigging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chain Rigging Market Size Forecast by Applications
11.10.1 Steel Industry
11.10.2 Transportation
11.10.3 Ports
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chain Rigging Analysis and Forecast
12.1 Introduction
12.2 Latin America Chain Rigging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chain Rigging Market Size Forecast by Type
12.6.1 Single Chain Rigging
12.6.2 Multiple Chain Rigging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chain Rigging Market Size Forecast by Applications
12.10.1 Steel Industry
12.10.2 Transportation
12.10.3 Ports
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chain Rigging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chain Rigging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chain Rigging Market Size Forecast by Type
13.6.1 Single Chain Rigging
13.6.2 Multiple Chain Rigging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chain Rigging Market Size Forecast by Applications
13.10.1 Steel Industry
13.10.2 Transportation
13.10.3 Ports
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chain Rigging Market: Competitive Dashboard
14.2 Global Chain Rigging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Franklin Offshore Group
14.3.2 BC Wire Rope
14.3.3 Sullivan Wire Rope Inc.
14.3.4 West Coast Wire Rope & Rigging, Inc.
14.3.5 Silver State Wire Rope
14.3.6 PAGE WIRE ROPE INC.
14.3.7 Julisling
