Market Overview:
The global light duty chain hoist market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric chain hoists, rising construction and infrastructure activities, and growing industrialization across the globe. The global light duty chain hoist market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into manual chain hoists and electric chain hoists. Electric chain Hoists are further sub-segmented into AC powered Chain Hoists and DC powered Chain Hoists. On the basis of application,the market is segmented into factories & warehouse; construction sites; marine & ports; mining & excavating operation; oil & gas industry ;and others segments including agricultural sector ,transportation sector etc .On geographical grounds ,global light duty chainshoistmarketis classified intonorth America ;Latin America ;Europe ;Asia Pacific excluding Japan (APEJ)and Japan . - The global Light Duty Chain Hoist Market was valued at US$ 1,362 Mn in 2017 and is projected to reach US$ 2,023 Mn by 2030 at a CAGR of 5.5%.
Product Definition:
A light duty chain hoist is a device used to lift heavy objects by attaching the object to a chain that is then lifted by a motor. The importance of light duty chain hoists is that they can safely and easily lift heavy objects without requiring too much effort from the person operating them.
Manual Chain Hoists:
Manual chain hoists are used to lift materials from one place to another using manual power. They are mostly used in construction, mining and material handling industries. The product is majorly classified into two types as fixed cranes and portable cranes. Portable crane type is widely used in construction industry for small lifting operations such as loading & unloading trucks, containers at ports or railheads among others whereas fixed crane type finds its application in the port facilities for ship unloading among other applications.
Electric Chain Hoists:
Electric chain hoists are used to lift materials from one place to another using a chain or wire rope. The machine consists of a powered mechanism that lifts the material and an electric motor that runs the lifting mechanism. It is mostly used in construction, mining, manufacturing industries for small & medium weight materials handling applications.
The electric chain hoist has several advantages over conventional methods such as manual labor; it requires less space.
Application Insights:
Factories and warehouse was the largest application segment in 2017. The product is widely used in warehouses to facilitate easy movement of goods owing to its lightweight nature. It also has a smaller footprint, which allows for better storage facilities within the limited space available at these sites. Furthermore, it helps reduce energy consumption by operating with minimal power requirements. These factors are likely to promote its use over the coming years as more companies shift their operations from traditional heavy-duty chain hoists to light-duty chain hoists that are powered by electricity or manpower alone.
Construction sites were another significant application segment accounting for 20% of global market share in terms of revenue in 2017 due to increasing demand from end users regarding installation at construction sites along with ease of operation and maintenance features offered by these products compared to their heavy-duty counterparts.
Regional Analysis:
Asia Pacific dominated the global light duty chain hoist market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing industrial activities coupled with growing infrastructure development projects, especially in China and India. Moreover, rising awareness regarding safety at work places is anticipated to drive demand for these products across Asia Pacific during the forecast period.
The construction industry has witnessed significant growth since 2014 due to various government initiatives such as “Housing for All†program by Ministry of Urban Development and Housing & Urban Affairs (MoUD- HUD) under which financial assistance worth USD X billion was provided from 2014-2017 on a total loan basis through National Housing Bank (NHB). This scheme focused on affordable housing including social sector housing particularly aimed at reducing slums, providing decent homes & basic amenities including sanitation and utilities along with access roads etc.
Growth Factors:
- Increasing demand from the construction and manufacturing industries for lightweight and easy-to-use chain hoists
- Rising popularity of electric chain hoists, which are more efficient and environmentally friendly than traditional models
- Growing demand for lifting systems that can handle heavier loads with greater precision and safety
- Advances in technology that have led to the development of new, innovative chain hoist models
- The increasing use of automated systems in factories and other industrial settings, which has created a need for reliable lifting equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Duty Chain Hoist Market Research Report
By Type
Manual Chain Hoists, Electric Chain Hoists
By Application
Factories and warehouse, Construction Sites, Marine & Ports, Mining & Excavating Operation, Oil and Gas, Others
By Companies
Columbus McKinnon, KITO, Konecranes , Terex, Hitachi Industrial, TBM, Ingersoll Rand, TOYO, Shanghai yiying, ABUS crane systems, Zhejiang Guanlin, Zhejiang Wuyi, Chengday, J.D.Neuhaus L.P., , Liftket, Nitchi
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Light Duty Chain Hoist Market Report Segments:
The global Light Duty Chain Hoist market is segmented on the basis of:
Types
Manual Chain Hoists, Electric Chain Hoists
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
Factories and warehouse, Construction Sites, Marine & Ports, Mining & Excavating Operation, Oil and Gas, 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:
- Columbus McKinnon
- KITO
- KonecranesÂ
- Terex
- Hitachi Industrial
- TBM
- Ingersoll Rand
- TOYO
- Shanghai yiying
- ABUS crane systems
- Zhejiang Guanlin
- Zhejiang Wuyi
- Chengday
- J.D.Neuhaus L.P.,Â
- Liftket
- Nitchi
Highlights of The Light Duty Chain Hoist 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:
- Manual Chain Hoists
- Electric Chain Hoists
- By Application:
- Factories and warehouse
- Construction Sites
- Marine & Ports
- Mining & Excavating Operation
- Oil and Gas
- 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 Light Duty Chain Hoist 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.
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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?
A light duty chain hoist is a type of industrial lift that is designed for use in areas where there is a low risk of heavy loads or high speed movement. These lifts are typically used in warehouses, factories, and other commercial settings.
Some of the major companies in the light duty chain hoist market are Columbus McKinnon, KITO, Konecranes‚Â , Terex, Hitachi Industrial, TBM, Ingersoll Rand, TOYO, Shanghai yiying, ABUS crane systems, Zhejiang Guanlin, Zhejiang Wuyi, Chengday, J.D.Neuhaus L.P.,‚Â , Liftket, Nitchi.
The light duty chain hoist market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Duty Chain Hoist 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. Light Duty Chain Hoist Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Light Duty Chain Hoist Market - Supply Chain
4.5. Global Light Duty Chain Hoist Market Forecast
4.5.1. Light Duty Chain Hoist Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Duty Chain Hoist Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Duty Chain Hoist Market Absolute $ Opportunity
5. Global Light Duty Chain Hoist 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. Light Duty Chain Hoist Market Size and Volume Forecast by Type
5.3.1. Manual Chain Hoists
5.3.2. Electric Chain Hoists
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Duty Chain Hoist 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. Light Duty Chain Hoist Market Size and Volume Forecast by Application
6.3.1. Factories and warehouse
6.3.2. Construction Sites
6.3.3. Marine & Ports
6.3.4. Mining & Excavating Operation
6.3.5. Oil and Gas
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Duty Chain Hoist 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. Light Duty Chain Hoist 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 Light Duty Chain Hoist 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. Light Duty Chain Hoist 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 Light Duty Chain Hoist Demand Share Forecast, 2019-2026
9. North America Light Duty Chain Hoist 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 Light Duty Chain Hoist 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 Light Duty Chain Hoist Market Size and Volume Forecast by Application
9.4.1. Factories and warehouse
9.4.2. Construction Sites
9.4.3. Marine & Ports
9.4.4. Mining & Excavating Operation
9.4.5. Oil and Gas
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Duty Chain Hoist Market Size and Volume Forecast by Type
9.7.1. Manual Chain Hoists
9.7.2. Electric Chain Hoists
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 Light Duty Chain Hoist Demand Share Forecast, 2019-2026
10. Latin America Light Duty Chain Hoist 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 Light Duty Chain Hoist 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 Light Duty Chain Hoist Market Size and Volume Forecast by Application
10.4.1. Factories and warehouse
10.4.2. Construction Sites
10.4.3. Marine & Ports
10.4.4. Mining & Excavating Operation
10.4.5. Oil and Gas
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Duty Chain Hoist Market Size and Volume Forecast by Type
10.7.1. Manual Chain Hoists
10.7.2. Electric Chain Hoists
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 Light Duty Chain Hoist Demand Share Forecast, 2019-2026
11. Europe Light Duty Chain Hoist 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 Light Duty Chain Hoist 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 Light Duty Chain Hoist Market Size and Volume Forecast by Application
11.4.1. Factories and warehouse
11.4.2. Construction Sites
11.4.3. Marine & Ports
11.4.4. Mining & Excavating Operation
11.4.5. Oil and Gas
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Duty Chain Hoist Market Size and Volume Forecast by Type
11.7.1. Manual Chain Hoists
11.7.2. Electric Chain Hoists
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
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Light Duty Chain Hoist Demand Share, 2019-2026
12. Asia Pacific Light Duty Chain Hoist 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 Light Duty Chain Hoist 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 Light Duty Chain Hoist Market Size and Volume Forecast by Application
12.4.1. Factories and warehouse
12.4.2. Construction Sites
12.4.3. Marine & Ports
12.4.4. Mining & Excavating Operation
12.4.5. Oil and Gas
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Duty Chain Hoist Market Size and Volume Forecast by Type
12.7.1. Manual Chain Hoists
12.7.2. Electric Chain Hoists
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 Light Duty Chain Hoist Demand Share, 2019-2026
13. Middle East & Africa Light Duty Chain Hoist 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 Light Duty Chain Hoist 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 Light Duty Chain Hoist Market Size and Volume Forecast by Application
13.4.1. Factories and warehouse
13.4.2. Construction Sites
13.4.3. Marine & Ports
13.4.4. Mining & Excavating Operation
13.4.5. Oil and Gas
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Duty Chain Hoist Market Size and Volume Forecast by Type
13.7.1. Manual Chain Hoists
13.7.2. Electric Chain Hoists
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 Light Duty Chain Hoist Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Light Duty Chain Hoist Market: Market Share Analysis
14.2. Light Duty Chain Hoist Distributors and Customers
14.3. Light Duty Chain Hoist Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Columbus McKinnon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KITO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Konecranes
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Terex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Industrial
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TBM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ingersoll Rand
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TOYO
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai yiying
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ABUS crane systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zhejiang Guanlin
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhejiang Wuyi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chengday
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. J.D.Neuhaus L.P.,
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Liftket
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Nitchi
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