Global Chain Block Market Growth 2023-2029

Global Chain Block Market Growth 2023-2029

Chain Block is a mechanical device for lifting material, consisting of chain around a drum or wheel lift, and a hook for attaching payload.

LPI (LP Information)' newest research report, the “Chain Block Industry Forecast” looks at past sales and reviews total world Chain Block sales in 2022, providing a comprehensive analysis by region and market sector of projected Chain Block sales for 2023 through 2029. With Chain Block sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chain Block industry.

This Insight Report provides a comprehensive analysis of the global Chain Block landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chain Block portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chain Block market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chain Block and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chain Block.

The global Chain Block market size is projected to grow from US$ 2071 million in 2022 to US$ 2131.9 million in 2029; it is expected to grow at a CAGR of 2131.9 from 2023 to 2029.

Global Chain Block key players include Columbus McKinnon, KITO, Konecranes, etc. Global top three players hold a share about 40%.

Asia-Pacific is the largest market, with a share about 55%, followed by Europe and North America, having a total share about 35 percent.

In terms of product, Manual Chain Blocks is the largest segment, with a share about 70%. And in terms of application, the largest application is Factories and warehouse, followed by Construction Sites, Marine and Ports, Mining and Excavating Operation, Energy, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Chain Block market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Manual Chain Blocks

Electric Chain Blocks

Others

Segmentation by application

Factories and warehouse

Construction Sites

Marine and Ports

Mining and Excavating Operation

Energy

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

TXK

Chongqing Kinglong

WKTO

DAESAN

GIS AG

Nucleon

PLANETA-Hebetechnik

Liaochengwuhuan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Chain Block market?

What factors are driving Chain Block market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Chain Block market opportunities vary by end market size?

How does Chain Block break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.