According to Fact.MR, market research and competitive intelligence provider, global demand for lever hoists is expected to grow significantly in 2021. The need to shift heavy loads with lighter equipment is fueling demand across key regions.
Growth prospects dimmed amidst the COVID-19 pandemic. Mandatorily imposed lockdowns compelled factory closures, ceasing operations. However, as the curbs ease, factories are resuming on-site manufacturing operations, which will restore future demand.
In this extensive coverage by Fact.MR, in-depth analysis of historical sales of lever hoists has been provided from 2016 to 2020. In addition, detailed projections for growth across the 2021-2031 forecast period have been mapped in detail.
Key Developments Undertaken by Lever Hoist Manufacturers
Key manufacturers are capitalizing on the increasing popularity of ratchet levers. These innovative lever hoists are designed to provide the highest level of performance and durability.
Built with a high-grade alloy that provides unrivaled corrosion resistance and a nickel-plated chain that provides a combination of durability and wear. The LB series ratchet lever hoist is designed with a single-step reduction gear to prevent slippage and is appropriate for use in any working environment.
Columbus McKinnon Corporation, a prominent manufacturer, offers the CM Series 653A lever hoists. For simplicity of use and even lower headroom applications, the famous CM Series 653 ratchet lever hoist has been modified to be lighter and more compact.
The CM Series 653A is one of the easiest hoists to operate, with a shorter handle length and reduced weight. It outperforms competitors in terms of usability and reliability.
Likewise, Tractel’s® bravoTM lever hoists are ideal for tensioning, lifting, handling, and traction tasks, with excellent safety thanks to distinctive desynchronized pawls that prevent unintended load release.
The weight ranges from 0.5 to 9 tons. The two independent desynchronized pawls provide improved safety against unintended load release. Its small size and low weight make it easy to use and transport.
Know More Details About the Report
A lever hoist is a material handling device that is used for lifting and transferring materials from one place to another. The use of lever hoists helps operators to shift materials easily.
Lever hoists are deployed for horizontal as well as vertical movements such as loading, lifting, pulling, positioning, and dragging of loads. While considering the design parameters, the lever hoist is similar to hand chain operator hoists.
As they are ideal for horizontal and vertical movements, lever hoists have multiple in-plant uses and are widely used in construction sites, railroads, mining sites, and lumber yards, which drives global demand.
Additionally, rapid industrialization and urbanization in developing countries are further expected to boost the global lever hoist market across the globe.
Lever Hoist Market: Dynamics
The global lever hoist market is majorly driven by increasing demand for light material handling equipment in different industries across the globe.
Lever hoist finds extensive applications in key end-use industries such as cement, metal processing, mining, chemical, and others which are expected to boost growth during the forecast period.
In addition, an expanding global logistics industry, owing to significant growth in the rental and e-commerce industry, is further expected to increase demand for lever hoists across the world during the forecast period.
Also, multiple applications for positioning machinery, opening railroad car doors, installing fences, strengthening poles, and stretching of wires are further expected to boost the growth in upcoming years.
Furthermore, the different properties like easy portability and simple design are expected to drive the lever hoist market during the forecast period.
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The global market for lever hoists is segmented into seven regions: Latin America (Brazil, Mexico), North America (USA, Canada), Europe (Germany, Spain, UK, France, and Russia), Middle East, and Africa (GCC, North Africa, and South Africa), South Asia (India, Thailand, Malaysia, Indonesia, and Rest of South Asia), East Asia (China, Japan, and South Korea), and Oceania (New Zealand and Australia).
During the forecast period, East Asia and South Asia, are expected to hold a significant share in the global lever hoist market and will continue to lead during the forecast period.
Growth is mainly driven by rising industrialization coupled with increasing urbanization in developing economies such as India and China.
The urban population in these developing countries is growing at a significant rate, which increases small and medium-scale construction activities. This requires lever hoists for material handling, driving the market growth during the forecast period.
Europe and North America have significant market shares in the global lever hoist market and are expected to continue the same during the forecast period.
Which are the Most Prominent Players in the Lever Hoist Landscape?
Prominent players in the global Lever Hoist market are as follows:
- Columbus McKinnon
- John Sakash
- Yale Hoists
- Harrington Hoists
- Toronto Electric
- Lifting Gear Products
- OZ Lifting Products
- JPW Industries
- Kristian Electric
The research report presents a comprehensive assessment of the lever hoist market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The lever hoist market report provides analysis and information according to market segments such as type and application.
An Adaptive Approach to Modern-day Research Needs
Report Covers Exhaustive Analysis On:
- Market Segments in the Lever Hoist Market
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Lever Hoist Market
- Value Chain of the Lever Hoist Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The lever hoist market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The lever hoist market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment.
The lever hoist market report also maps the qualitative impact of various market factors on market segments and geographies.
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- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The global Lever Hoist market is segmented on the basis of type and applications.
Based on type, the global lever hoist market is segmented as:
- Heavy Capacity
- Standard Capacity
- Light Capacity
Based on application, the global lever hoist market is segmented as:
- Industrial Manufacturing
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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