Press release
Sales Of Shank Hooks Is Driven By Logistics & Transportation Sector
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=7173?PS
Since both sectors include significant rigging and lifting operations, logistics and transportation are two important industries where shank hooks are extensively used. Rigging and lifting activities are simplified by the use of various control systems, supported by technology improvements.
The need for shank hooks and its attachments, such as hoist chains, shackles, and others, is anticipated to be impacted by this automation. Shank hooks are also used to minimise costs overall, speed up the supply chain, and boost efficiency. Sales of shank hooks will be boosted in the coming years by the predicted enormous growth in warehouse management and logistics.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐:
โข Crosby Group
โข Henan Kino Cranes Co., Ltd.
โข IRIZAR FORGE
โข Henan Huabei Lifting Hook Co.Ltd
โข William Hackett Lifting Products Ltd
โข B.E.M. Co. Pvt. Ltd
Through the latest research report on This market, the readers get insights on:
โข Tendencies showing how the drivers, opportunities, restraints, and trends have an impact on the growth of the Shank Hooks market globally.
โข Reliable data about important regions and future growth possibilities for Shank Hooks manufacturers working in those markets.
โข Important data about the development, forecast, application, and production of Shank Hooks globally.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ https://www.factmr.com/connectus/sample?flag=RC&rep_id=7173
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ
by Hook Type:
โข Single-forged
โข Ramshorn-forged
โข Quad-forged
by Product Type:
โข Machined
โข Unmachined
by Workload:
โข Below 10 Ton
โข 10-25 Ton
โข 25-50 Ton
โข 50-75 Ton
โข 75-100 Ton
โข 100-200 Ton
โข 200-500 Ton
โข Over 500 Ton
by End-use Vertical:
โข Construction
โข Logistics and Transportation
โข Automotive
โข Industrial
โข Power & Energy
โข Oil & Gas
โข Other
by Sales Channel:
โข OEM
โข Aftermarket
by Region:
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia & Oceania
โข MEA
China's building industry is the driving force behind its economic growth. In 2020, China's GDP was almost 26% comprised of the value of its construction production, with a 6.2% annual growth rate from 2019.
The study further identifies major manufacturing trends, technologies that will be commercialized
โข Key manufacturing trends in end-use industries;
โข New technologies used in a variety of application areas
โข Key manufacturing trends in end-use industries
โข New technologies used in a variety of application areas; Major economic shocks, such as the recent COVID-19 pandemic
โข Country markets that will emerge as hotbeds of opportunity;
โข Regulatory frameworks that will shape the strategies of key players in key regions in the Shank Hooks market
โข Key technological trends and the likely rate of commercialization of novel technologies in key industries and allied industries
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/7173
Sales of long shank hooks in China are being boosted by an increase in the number of lifting crane installations each year. These factors will cause the shank hook market in China to grow at a CAGR of 5.3%.
In addition, an increasing number of producers and sellers of mobile construction cranes are seizing control of the industry, which will support regional market expansion. By the end of 2032, the shank hooks market in China is projected to be worth $9 million.
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