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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Hoist Rings market for 2018-2023.
Hoist rings are load-centering eyebolts. They are designed to be rigged from the center or the side and may pivot or swivel. Some hoist rings connect directly to webbing, chain, or shackles. Others have a hook-end rather than a standard bail, eye, or ring.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
Price in US and EU is much higher than that of China and other developing countries due to their high quality and powerful functionalities. Developing countries such as China is more likely to attract more investment opportunity for their potential demand.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Hoist Rings will register a 4.1% CAGR in terms of revenue, reach US$ 380 million by 2023, from US$ 310 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Hoist Rings market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
- Mold and Mechanical
- Aerospace and Military
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Crosby Group
- CODIPRO (Alipa)
- American Drill Bushing
- Carr Lane
- Tianjin Yiyun
- Gunnebo Industries
- Stamperia Carcano
- Northwestern Tools
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Hoist Rings consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Hoist Rings market by identifying its various subsegments.
- Focuses on the key global Hoist Rings manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Hoist Rings with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Hoist Rings submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.