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Covid-19 Impact on Chain Block Market

"The global chain block market is expected to register a CAGR of around 4.1%."<br><br>The growth of the major end-use industries particularly construction, mining, and marine is fuelling the product demand at a significant rate. Increased spending on R&D activities to develop new products by the market players is anticipated to propel the market growth considerably during the review period.

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Covid-19 Impact on Chain Block Market

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  1. Presents a Research Report on Chain Block Market The report on the Global Chain Block Marketis segmented Type (Manual Chain Block, Electric Chain Block), Application (Factories and warehouse, Construction Sites, Marine & Ports, Mining & Excavating Operation, Others), and Region. sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

  2. The Chain Block Market Highlights& Drivers • The Global Chain Block Market is expected to grow from USD XX billion in 2020 to USD XX billion by 2026 at a CAGR of over x% during the forecast period. • The global chain block market is expected to register a CAGR of around 4.1%. • Chain block, also known as ‘hand chain hoist’ is a tool that is used to lift heavy loads using a chain. A chain block comprises of a lifting chain, a grabbing hook, and a hand chain. • It can be manual or electric. Commonly used in garages to remove engines from cars easily, chain blocks are available in a variety of different capacities. • MarketInsight • Application Trends: • The market has been segmented into factories and warehouse, construction sites, marine & ports, mining & excavating operation and others. • The global chain block market is driven by the construction sites market, which contributes about 30% of the total. • Expanding construction industry with rise in both residential and commercial construction activities is driving the segment growth.

  3. Market Insight & Competitive Insights • Regional Trends: • The market in Asia-Pacific is expected to register highest growth • Geographically, the market in North America accounted for the largest market share in 2020 owing to presence of established end-use industries particularly in the U.S. • Growing construction industry with increased spending on renovation and remodelling of buildings is likely to propel the market growth in the region. • The market in Asia-Pacific is expected to register highest growth during the forecast period. • This market growth can be attributed to expanding industrialization and growing urbanization in the developing countries particularly India and Southeast Asian countries. • Key Players • Columbus McKinnon Corporation (The U.S.), • ABUS Crane Systems GmbH (Germany), • KITO Corporation (Japan), • Hitachi Industrial Equipment Systems Co., Ltd (Japan), • Konecranes Oyj (Finland), • TIANJIN TOYO LIFTING MACHINE MANUFACTORY CO,.LTD (Japan), • Shanghai Yiying Crane Machinery Co., Ltd (China), • Trane Technologies plc (Ireland),

  4. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

  5. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

  6. About Stratview Research Stratview Research is a global market intelligence firm providing high quality syndicated reports, custom research and consulting services. Our Services Why Us? High Customer Delight Rich Industry Experience Robust Methodology Effective Business Decisions

  7. Contact Us for More Information and Sample Pages Ask for Sample Pages here: https://www.stratviewresearch.com/1461/chain-block-market.html Email us at: sales@stratviewrsearch.com Call Us: +1-313-307-4176

  8. Thank you

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