Overview

The chain hoist is a mechanical system for vertically lifting and moving the heavy weight. In general, it includes a suspension chain, a pulley system, and a hook or similar attachment device. The looped chain is connected through a group of wheels or gears, with the one end binding to a load and the other being attached to a manual or powered wheel system that drives the hoist. The lever that is used to activate the mechanism gets the chain through the installation, resulting in the load being lifted. Because many companies are relying on them, chain hoists are the most popular equipment’s used in different industries like construction, manufacturing and warehouse due to their ability to work in the exact same way,. There are no one-sized fits all kind, and these small units are designed to aid in lowering six hundred pounds just as a large one does two hundred tons.

The Asia Pacific region at present seems to be a major leader in the chain hoist industry. Being based on its image as the largest manufacturing hub in the world, countries like China and Japan, South Korea and India all compete in chain hoists production with the largest share in the global market. This supremacy is the result of the laser beam here industry’s superior manufacturing capabilities, low production costs, and established industrial infrastructure. The boom and infrastructure restructuring in many countries as it happens is great in China and India which fuels the quest for chain hoists – which is an important for such boom and infrastructural constructing projects. Besides that, booming industrial industries, for instance, auto, aerospace and heavy machineries are the ones in Asia Pacific who depend through chain hoists for material handling or in the production processes.

Player Names

• Columbus McKinnon Corporation (United States)
• David Round, Inc. (United States)
• Demag Cranes & Components GmbH (Germany)
• Elebia Autohooks SL (Spain)
• Harrington Hoists, Inc. (United States)
• Hoist UK (United Kingdom)
• Ingersoll Rand (United States)
• D. Neuhaus GmbH & Co. KG (Germany)
• Kito Corporation (Japan)
• Liftket Hoffmann GmbH (Germany)
• Milwaukee Tool (United States)
• Shanghai Yiying Crane Machinery Co., Ltd. (China)
• Tractel (France)
• Vital Chain Block Mfg. Co. (Japan)
• Yale Lifting Solutions (South Africa)

• • By Operation
• Hydraulic
• Electric
• Hybrid

• • By Construction
• Shipping & Material Handling
• Automotive & Railway
• Aerospace & Defense
• Energy & Power
• Others

Market Drivers

Growing of industries like the construction, industrial production, minerals and so on leads to the demand of hoisted chains. However, these hoists are major pieces of equipment in the industry, which are used for lifting and moving the loads where it’s very heavy and sometimes unattainable. Infrastructure projects, which sometimes consist of the mixing of asphalt, building of roads, bridges, airports, and buildings, usually require the movement of heavy objects by means of the chain hoists. As governments are investing more and more in the infrastructure development to promote economic development the demand for chain hoists is going up in a very similar way. Strict safety regulations and standards which are set by the regulatory authorities, mandate reliable and certified lift equipment like chain hoists. Organizations are now focusing on buying hoists that have quality, comply with the safety standards to save worker’s lives and evade legal claims.

Market Trend

The use of electric chain hoists is rapidly growing due to their advantages, it is not only cheaper but easier to use and safer than manual or the pneumatic hoists. Electrical motors provide the power to these lifts which translate into precise control, reduced operator fatigue and increased safety. Moreover, electric motor technology has been advancing which has contributed to the reliability and energy efficiency of these hoists. Industrial automation in multiple fields including manufacturing, logistics and construction, is transforming a traditional chain hoist into a part of automated systems. These integrations can decrease the costs for labor force and accident rate thanks to their contribution to the productivity and the safety by the through eliminating the human intervention in these lifts. The software can occasionally malfunction or the hardware components can incur damage, leading to unforeseen delays or interruptions in production.

Market Restraint

Sustainability and environmental consciousness are becoming important within the environments of the industries. Factories of chain hoist manufacturers are challenged to be responsible to the environment, by implementing pollution-free production methods, using recyclable materials and designing consuming less power products. This environmental target setting is accompanied by the deterioration of product quality and cost-effectiveness make manufacturers face a difficult task. The sector of chain hoist consists of specialized personnel having mastered engineering, as well as manufacturing and product development skills. While this situation causes a shortage of skilled labor force in many areas, it also causes difficulties for manufacturers in terms of qualified personnel search. Increasing the amount of training and development programs to enhance employee skills and attract new recruits is a key strategy for cope with this task.

Market Opportunities

Fast-growing economies with those high rates of industrialization and infrastructure are starting to see an increase in the request for the kind of lifting devices called chain hoists. The Asian, African, and Latino markers certainly constitute the potential key regions for chain hoist producers. E-commerce emergence and the distribution system’s abilities to get through to wider audience makes it possible for the firm to deal with the SME need for the manufacturing process that must utilize chain hoists. Creating an environment where manufacturers can supply customized options and re-screen after-purchase services provides an error room for the outcome of the competitive market. Customer’s needs and suggestions are taken into consideration to build appropriate solutions and providing instant support helps in customer loyalty and business growth.

Regulatory Factor

In Europe, the European Committee for Standardization (CEN) and the European Committee for Electrotechnical Standardization (CENELEC) standardize the chain hoists and other lifting apparatuses by the Machinery Directive and other directives. These are usually known as EN standard (EN stands for European Norm) and these organization create requirements related to design, production and test of the hoisting equipment, so that it meet all safety and performance criteria. ISO (the International Organization for Standardization), not the sole standard setting body, sets up the ones that would have global acceptance as well. For instance, the world-renowned benchmark ISO 4309 standards for wire rope work performed by crane operators and the ISO 16881 standards for chain hoisting provide industry-specific and multi-regional guidelines on safety usage and maintenance.