Market Overview:
The global manual chain hoists 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 manual chain hoists in various applications, such as inside the reactors and outside the reactors. Additionally, factors such as rising industrialization and growing construction activities are also propelling the growth of this market. However, volatility in prices of raw materials is likely to restrain the growth of this market during the forecast period. On basis of type, non-class 1E manual chain hoists are expected to dominate this market duringthe forecast period from 2018to 2030 owingto their low cost and easy availability across regions.
Product Definition:
A manual chain hoist is a simple device that uses a chain and gear system to lift heavy objects. It is important for many industrial and construction applications because it allows workers to easily and safely lift heavy objects.
Class 1E:
The global Class 1E chain hoist market size was valued at USD 648.1 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for these products from end-user industries such as construction, mining, oil & gas, marine and power generation among others.
Non-Class 1E:
Non-class 1E chains and wire rope products are primarily used in manual chain hoists. They are also utilized to a certain extent in automatic chain hoists, but the quantity is much lesser than that of non-class 1E products.
The U.S has made it mandatory for manufacturers to label their products with either class I or II, or class III designations as per the National Fire Protection Association (NFPA).
Application Insights:
The application segment has been further categorized into inside the reactors and outside the reactors. The inside the reactors segment dominated the market in 2017, accounting for over 60% of total revenue share. This is due to high demand from nuclear plants globally owing to their safe and secure operation through manual chain hoists installed with safety interlocks.
The demand for such equipment is expected to increase as most of these plants are old and require periodic maintenance procedures involving replacement of chains or cables that operate various plant components including power generation units, pumps & motors etc., leading to an increased requirement for such devices across all nuclear power stations worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for manual chain hoists, registering a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing nuclear power plant construction in countries such as China and India. For instance, according to IAEA, in 2017, there were around 14 reactors under construction in China out of which only 8 have received the approval till date (as of November 2018). All these reactors are expected to receive final approval by 2020 and commence operations between 2021 and 2025.
In terms of revenue share, Europe held a significant share of 31%in 2017 owing mainlyto Germany’s large installed baseof nuclear power plants coupled with its plan for phasing outuclear energy by 2022 (excepting those reactors that meet specific criteria).
Growth Factors:
- Increasing demand for manual chain hoists in the construction and manufacturing industries due to their high performance and reliability.
- Growing popularity of electric chain hoists as they are more efficient and safer than manual chain hoists, which is expected to fuel the demand for manual chain hoists over the forecast period.
- Rising investments in infrastructure development projects across emerging economies, which is likely to create new opportunities for the growth of the global manual chain hoist market during the forecast period.
- Increasing awareness about safety regulations governing use of manual chain hoists in various end-use industries is projected to boost market growth over the next few years. 5) Technological advancements in design and manufacturing of Manual Chain Hoists that offer better performance, efficiency, and safety are expected to propel market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Manual Chain Hoists Market Research Report
By Type
Class 1E, Non-Class 1E
By Application
Inside The Reactors, Outside The Reactors
By Companies
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, Chongqing Kinglong
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Manual Chain Hoists Market Report Segments:
The global Manual Chain Hoists market is segmented on the basis of:
Types
Class 1E, Non-Class 1E
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
Inside The Reactors, Outside The Reactors
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
- 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
- Chongqing Kinglong
Highlights of The Manual Chain Hoists 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:
- Class 1E
- Non-Class 1E
- By Application:
- Inside The Reactors
- Outside The Reactors
- 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 Manual Chain Hoists 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
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- Understanding Competition Scenario
- Product & Brand Management
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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 manual chain hoist is a machine that uses chains to lift objects. It is typically used in industrial settings to move heavy objects.
Some of the major companies in the manual chain hoists market are 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, Chongqing Kinglong.
The manual chain hoists market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Manual Chain Hoists 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. Manual Chain Hoists Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Manual Chain Hoists Market - Supply Chain
4.5. Global Manual Chain Hoists Market Forecast
4.5.1. Manual Chain Hoists Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Manual Chain Hoists Market Size (000 Units) and Y-o-Y Growth
4.5.3. Manual Chain Hoists Market Absolute $ Opportunity
5. Global Manual Chain Hoists 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. Manual Chain Hoists Market Size and Volume Forecast by Type
5.3.1. Class 1E
5.3.2. Non-Class 1E
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Manual Chain Hoists 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. Manual Chain Hoists Market Size and Volume Forecast by Application
6.3.1. Inside The Reactors
6.3.2. Outside The Reactors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Manual Chain Hoists 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. Manual Chain Hoists 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 Manual Chain Hoists 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. Manual Chain Hoists 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 Manual Chain Hoists Demand Share Forecast, 2019-2026
9. North America Manual Chain Hoists 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 Manual Chain Hoists 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 Manual Chain Hoists Market Size and Volume Forecast by Application
9.4.1. Inside The Reactors
9.4.2. Outside The Reactors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Manual Chain Hoists Market Size and Volume Forecast by Type
9.7.1. Class 1E
9.7.2. Non-Class 1E
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 Manual Chain Hoists Demand Share Forecast, 2019-2026
10. Latin America Manual Chain Hoists 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 Manual Chain Hoists 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 Manual Chain Hoists Market Size and Volume Forecast by Application
10.4.1. Inside The Reactors
10.4.2. Outside The Reactors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Manual Chain Hoists Market Size and Volume Forecast by Type
10.7.1. Class 1E
10.7.2. Non-Class 1E
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 Manual Chain Hoists Demand Share Forecast, 2019-2026
11. Europe Manual Chain Hoists 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 Manual Chain Hoists 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 Manual Chain Hoists Market Size and Volume Forecast by Application
11.4.1. Inside The Reactors
11.4.2. Outside The Reactors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Manual Chain Hoists Market Size and Volume Forecast by Type
11.7.1. Class 1E
11.7.2. Non-Class 1E
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 Manual Chain Hoists Demand Share, 2019-2026
12. Asia Pacific Manual Chain Hoists 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 Manual Chain Hoists 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 Manual Chain Hoists Market Size and Volume Forecast by Application
12.4.1. Inside The Reactors
12.4.2. Outside The Reactors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Manual Chain Hoists Market Size and Volume Forecast by Type
12.7.1. Class 1E
12.7.2. Non-Class 1E
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 Manual Chain Hoists Demand Share, 2019-2026
13. Middle East & Africa Manual Chain Hoists 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 Manual Chain Hoists 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 Manual Chain Hoists Market Size and Volume Forecast by Application
13.4.1. Inside The Reactors
13.4.2. Outside The Reactors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Manual Chain Hoists Market Size and Volume Forecast by Type
13.7.1. Class 1E
13.7.2. Non-Class 1E
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 Manual Chain Hoists Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Manual Chain Hoists Market: Market Share Analysis
14.2. Manual Chain Hoists Distributors and Customers
14.3. Manual Chain Hoists 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. Terex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KITO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Konecranes
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. Stahl
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ABUS Crane Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ingersoll Rand
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TBM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhejiang Guanlin
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 Wuyi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. J.D.Neuhaus L.P
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Verlinde
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Liftket
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Yiying
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TOYO
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chongqing Kinglong
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
