Covid-19 Impact on Global Chain Block Market to Witness Impressive Growth During 2021-2026

This strategic assessment report provides a comprehensive analysis that reflects today’s Global Chain Block Market realities and future possibilities for the forecast period of 2021 to 2026.

Stratview Research announces the launch of a new research report on the global chain block market is segmented by Type (Manual Chain Block, Electric Chain Block), Application (Factories and warehouse, Construction Sites, Marine & Ports, Mining & Excavating Operation, Others), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Chain block market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.

The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Global Chain Block Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

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Report Features
The report delivers a detailed view of the industry based on global Global Chain Block Market size, market growth, and opportunities. The report also analyses market key aspects such as-
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Covid-19 Impact analysis.
• Market environment analysis: Growth drivers and constraints, and SWOT analysis.
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players

Highlights from the Report
"The global chain block market is expected to register a CAGR of around 4.1%."
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.

Regional Analysis:
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.

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According to the report, the key players of the market are –
• 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),
• NITCHI Co.,Ltd (Japan),
• Chongqing Kinglong Machinery Co.,Ltd. (China),
• CHENG DAY MACHINERY WORKS (China),
• PLANETA-Hebetechnik GmbH (Germany), and
• GIS AG (Switzerland).

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This release was published on openPR.