Hand Chain Hoist Market Size and Growth Rate:
According to the Research Report, the Global Hand Chain Hoist Market Size was valued at USD XX Million in 2017 and was Expected to Reach USD XX Million by 2024 with a CAGR of XX.X% during the forecast period 2018-2024.
Hand Chain Hoist Market Overview:
The global hand chain hoist market is estimated to develop at a substantial CAGR in the years to come. Hand chain hoists are an age-old system that has been going on for quite a few years now.
A hoist is a specific device used for lifting or lowering a load by means of a drum or lift-wheel around which rope or chain wraps. It may be manually operated, electrically or pneumatically driven and may use chain, fiber or wire rope as its lifting medium.
Hand Chain Hoist Market - Drivers and Restraints:
With the advancement of technology, the manual form of hoist has been done away with, and fancier, less extensive and easier forms of hoisting are now being implemented. This has been a deterrent to the market and is expected to keep growing only in lieu of their easy availability and lower costs. The need for skilled labor in order to implement the hoist has also been a major issue as incorporating, creating and hoisting are all manual jobs. Therefore, the market has a slurred growth rate. However, in many places the hand chain is a must form. Especially where electricity is a luxury, the market is growing strong, owing to zilch dependability on electricity.
Hand Chain Hoist Market - Regional Presence:
Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, Middle East, and Africa. Developed nations like North America, Europe, and others have moved unto more established electric systems of hoisting. However, warehouses and factories still implement the manual system in order to avoid electricity jerks and accidents. The Asia Pacific is a substantially big market as the region has many growing nations and is expected to make the shift to other systems soon, owing to its rapid urbanization and technological advancements.
Some of the Promising Companies leading the Global Hand Chain Hoist Market Profiled in the Report are:
- J.D. Neuhaus
- Terex Columbus McKinnon
- DL Heavy Industry
The Research Report segments the Hand Chain Hoist Market into the following submarkets:
Hand Chain Hoist Market – By Product Type:
Hand Chain Hoist Market – By End User:
- spans across Storeroom
- Mining & Excavating Operation
- Marinas & Shipyards
- Building Sites
- Industrial units
Hand Chain Hoist Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa