Covid-19 Impact on Chain Block Market to See Strong Expansion Through 2026

A new report has been published by Stratview Research, titled, “Chain Block Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022–2026.” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Chain Block Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.

Market segmentation

Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.

Covid-19 impact on the Chain Block Market –

As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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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.

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.

Competitive landscape

Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Chain Block Market along with a list of Key players.

Here are few –

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).

Report Features –

This market report includes the following features –

Market structure: Overview, industry life cycle analysis, supply chain analysis. Market environment analysis: Growth drivers and constraints. Market trend and forecast analysis. Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc. Attractive market segments and associated growth opportunities. Emerging trends.

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About Stratview Research –

Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.