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Demand for more advanced air chain hoists to spur market

In the coming years there is an increasing demand for air chain hoists in the regions of North America and Europe that is expected to drive the market for more advanced hoists, according to the latest research in the Air Chain Hoist Market Competitive Landscape 2022.

Growth in government budgets in the principal countries, increasing of industrial fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Air Chain Hoists will drive growth in these markets. The worldwide market for air chain hoist is expected to grow at a CAGR of roughly 2.9 per cent over the next five years, will reach $220 million (US) in 2024, from $190 million (US) in 2019.

This report focuses on the air chain hoist in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Companies covered in the Air Chain Hoist Market report include Columbus McKinnon, KITO, JD Neuhaus, Ingersoll Rand, Toku, Atlas Copco, KHC, Endo-kogyo, Chengday, Shanghai yiying, Shanyan, PLANETA Hebetechnik, Changzhou Meiseng.

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Air chain hoists, often referred to as pneumatic hoists; utilize a rotary or piston-driven motor powered by compressed air. Air passes through the system and cools the hoist as it operates, so air chain hoists can run continuously without rest or risk of overheating — unlike an electric hoist system.