Market Overview:
The global hoisting plugs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for construction and mining activities across the globe. Additionally, the growing awareness about safety in these industries is also propelling the demand for hoisting plugs globally. The global hoisting plugs market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into fixed bail hoisting plug and rod plug segments. The fixed bail hoisting plug segment is estimated to account for a larger share in terms of revenue in 2018 as compared to that of rod plug segment owing to its wide usage across various applications such as mining, construction and others.
Product Definition:
Hoisting Plugs are used to temporarily seal an opening in a pipeline while the permanent closure is being installed.
Fixed Bail Hoisting Plug:
Fixed bail hoisting plug is a device used in the oil & gas industry for removing drill cuttings from wellbore. The fixed bails are lowered into the wellbore and then they are raised with a cable attached to the drilling equipment or suspended by wireline above the borehole. As soon as drilling finishes, lowering of bails begins and continues till all cuttings are removed from hole.
Rod Plug:
Rod plug is a device used in hoisting plugs industry. It is designed to fit into the opening of rods and thus hold them securely while lifting or lowering the load. The product has an advantage over conventional washers as it can withstand high loads without being damaged or dislodged from their position.
Application Insights:
The construction application segment accounted for the largest revenue share of over 50% in 2017. The rising demand for hoisting plugs from various construction industries, such as civil, mechanical and electrical is expected to drive the product demand over the forecast period. In addition, favorable government regulations and policies regarding safety equipment are anticipated to further propel industry growth.
The mining application segment is projected to witness significant growth during the forecast period owing to increasing coal production across various countries including China, India and Australia. In addition, growing investments by foreign companies in different minerals including copper (Chile), iron ore (Brazil) and gold (South Africa) are likely to boost industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in construction spending, especially in developing economies such as China and India. Growing industrialization coupled with increasing infrastructure activities are likely to drive demand for hoisting plugs across Asia Pacific over the coming years.
The North America market was valued at USD X million in 2017 owing to high demand from oil & gas, utility industries for raising heavy machinery above ground level during installation/repair works or when it is needed at a particular location inaccessible by road.
Growth Factors:
- Increasing demand for electric vehicles
- Growing construction and infrastructure activities
- Rising awareness about safety and security issues
- Proliferation of smart homes and buildings
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Hoisting Plugs Market Research Report
By Type
Fixed Bail Hoisting Plug, Rod Plug
By Application
Mining, Construction
By Companies
Sandvik, Global Geotech, Mills Machine, Drill Pipe, Matrix, PEGA HOIST, Tube Technologies, Harrington, Wuxi Geotec Geological Equipment
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hoisting Plugs Market Report Segments:
The global Hoisting Plugs market is segmented on the basis of:
Types
Fixed Bail Hoisting Plug, Rod Plug
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
Mining, Construction
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:
- Sandvik
- Global Geotech
- Mills Machine
- Drill Pipe
- Matrix
- PEGA HOIST
- Tube Technologies
- Harrington
- Wuxi Geotec Geological Equipment
Highlights of The Hoisting Plugs 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:
- Fixed Bail Hoisting Plug
- Rod Plug
- By Application:
- Mining
- Construction
- 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 Hoisting Plugs 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?
Hoisting plugs are a type of safety plug used in the construction industry. They are inserted into holes drilled in concrete or masonry to prevent workers from being lifted off the ground by their tools.
Some of the major players in the hoisting plugs market are Sandvik, Global Geotech, Mills Machine, Drill Pipe, Matrix, PEGA HOIST, Tube Technologies, Harrington, Wuxi Geotec Geological Equipment.
The hoisting plugs market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hoisting Plugs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hoisting Plugs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hoisting Plugs Market - Supply Chain
4.5. Global Hoisting Plugs Market Forecast
4.5.1. Hoisting Plugs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hoisting Plugs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hoisting Plugs Market Absolute $ Opportunity
5. Global Hoisting Plugs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hoisting Plugs Market Size and Volume Forecast by Type
5.3.1. Fixed Bail Hoisting Plug
5.3.2. Rod Plug
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hoisting Plugs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hoisting Plugs Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Construction
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hoisting Plugs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hoisting Plugs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hoisting Plugs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hoisting Plugs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hoisting Plugs Demand Share Forecast, 2019-2026
9. North America Hoisting Plugs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hoisting Plugs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hoisting Plugs Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Construction
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hoisting Plugs Market Size and Volume Forecast by Type
9.7.1. Fixed Bail Hoisting Plug
9.7.2. Rod Plug
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hoisting Plugs Demand Share Forecast, 2019-2026
10. Latin America Hoisting Plugs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hoisting Plugs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hoisting Plugs Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Construction
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hoisting Plugs Market Size and Volume Forecast by Type
10.7.1. Fixed Bail Hoisting Plug
10.7.2. Rod Plug
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hoisting Plugs Demand Share Forecast, 2019-2026
11. Europe Hoisting Plugs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hoisting Plugs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hoisting Plugs Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Construction
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hoisting Plugs Market Size and Volume Forecast by Type
11.7.1. Fixed Bail Hoisting Plug
11.7.2. Rod Plug
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
1.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hoisting Plugs Demand Share, 2019-2026
12. Asia Pacific Hoisting Plugs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hoisting Plugs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hoisting Plugs Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Construction
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hoisting Plugs Market Size and Volume Forecast by Type
12.7.1. Fixed Bail Hoisting Plug
12.7.2. Rod Plug
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hoisting Plugs Demand Share, 2019-2026
13. Middle East & Africa Hoisting Plugs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hoisting Plugs Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hoisting Plugs Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Construction
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hoisting Plugs Market Size and Volume Forecast by Type
13.7.1. Fixed Bail Hoisting Plug
13.7.2. Rod Plug
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hoisting Plugs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hoisting Plugs Market: Market Share Analysis
14.2. Hoisting Plugs Distributors and Customers
14.3. Hoisting Plugs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Global Geotech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mills Machine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Drill Pipe
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Matrix
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PEGA HOIST
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tube Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Harrington
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wuxi Geotec Geological Equipment
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
