Global Hoist Rings Market: Introduction

A hoist is an equipment used for lowering or lifting a load. A hoist ring is generally attached to a metal chain. In general, hoist rings are used in a wide range of industries such as material handling, metalworking, manufacturing, military, aviation, and transportation. 

Global Hoist Rings Market: Competition Landscape

The Crosby Group

The Crosby Group is based in Tulsa, Oklahoma, the U.S. It has been operating for more than 130 years. The company is a leading manufacturer of material handling, lifting, and rigging products. The company offers standard hoist rings under the following product categories: Cold Temperature, Forged Bail, Stainless Steel, and Standard Bail. The company also produces hooks, hook latches, lifting clamps, load-monitoring devices, rigging components, shackles, sockets, etc. In May 2019, the Crosby Group was acquired by Gunnebo Industries Holding AB, a private equity firm based in the Nordic. Gunnebo Industries is a leading manufacturer of products used in the global material handling industry.

RUD Group

RUD Ketten Rieger & Dietz GmbH u. Co. KG is a family-owned, global engineering company headquartered in Germany. The company was formed by Friedrich Dietz and Carl Rieger in 1875. The company’s product portfolio includes hoist rings and other sling and lashing systems, tyre protection chains, non-skid chains, conveyors and drives, military technology products, and object equipment. The company manufacturers more than 600 lifting and lashing point products with a loading capacity of up to 200 tons.

Find out more about our latest report on hoist rings market with exclusive Report brochure here

CODIPRO

CODIPRO is a global manufacturer of hoist rings and other safety swivel lifting rings. The company sells hoist rings under the brand name of ‘Gradup,’ which are employed for lifting loads ranging from 0.07 tons to 125.0 tons. The company also sells stainless steel hoist rings, hoist rings for use in wind power generation, offshore, and maritime industries, and customized hoist rings for various industries.

Jergens Inc.

Jergens Inc. was founded in 1942 as ‘Glenn Tool and Manufacturing’ by Jack Schron, Sr. in Cleveland, Ohio, the U.S. The company operates through four business divisions: Tooling Component Division (TCD), Jergens Industrial Supply (JIS), Acme Industrial Company (AIC) and Advanced Systems Group (ASG). The company sells hoist rings under the following brands: Lift-Check, Shackle-Lok, and Kwik-Lok. The company also sells traditional, center-pull hoist rings; traditional-style center-pull hoist rings, steel and stainless steel hoist rings, and side-pull hoist rings. The company also sells fasteners, clearance items, etc. In June 1999, the company moved its operations to a new facility spread over 110,000 square feet.

Global Hoist Rings Market: Dynamics

Rise in demand for lifting equipment across the world

Across the world, the demand for lifting equipment is on the rise. For example, RUD Group, which has a wide portfolio of 600 hoist ring products, is witnessing increase in the demand for its lifting equipment used in the heavy-duty lifting sector, offshore sector, etc. RUD Group’s hoist ring product for subsea lifting is witnessing rise in the demand among various end-use industries.

Rise in demand for hoist rings from global construction Industry

Across the world, both commercial and residential construction activities are on the rise. Hoist rings are extensively used in the construction industry for lifting various objects. Thus, rise in building construction across the world is augmenting the demand for hoist rings for use in the construction industry.

Looking for exclusive market insights on hoist rings market? Request a Custom Report here

Global Hoist Rings Market: Segmentation

The global hoist rings market can be segmented based on:

  • Type
  • End-use
  • Distribution Channel
  • Region

Global Hoist Rings Market, by Type

  • Center-pull
  • Side-pull
  • Others

Global Hoist Rings Market, by End-use

  • Construction
  • Marine
  • Energy
  • Aerospace & Defense
  • Others

Global Hoist Rings Market, by Distribution Channel

  • Online
  • Offline

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.