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Sales Of Shank Hooks Is Driven By Logistics & Transportation Sector

01-18-2023 11:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Sales Of Shank Hooks Is Driven By Logistics & Transportation

According to recently made public data from the shank hooks market analysis, the demand for shank hooks increased globally by 2.5% year over year (YoY) in volume in 2022. Overall, it is expected that the market for shank hooks will grow at a 4.6% CAGR from a valuation of US$37.5 Mn in 2022 to US$58.9 Mn by 2032.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: 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— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€:

โ€ข Crosby Group
โ€ข Henan Kino Cranes Co., Ltd.
โ€ข IRIZAR FORGE
โ€ข Henan Huabei Lifting Hook Co.Ltd
โ€ข William Hackett Lifting Products Ltd
โ€ข B.E.M. Co. Pvt. Ltd

Through the latest research report on This market, the readers get insights on:

โ€ข Tendencies showing how the drivers, opportunities, restraints, and trends have an impact on the growth of the Shank Hooks market globally.
โ€ข Reliable data about important regions and future growth possibilities for Shank Hooks manufacturers working in those markets.
โ€ข Important data about the development, forecast, application, and production of Shank Hooks globally.

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ https://www.factmr.com/connectus/sample?flag=RC&rep_id=7173

๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ

by Hook Type:

โ€ข Single-forged
โ€ข Ramshorn-forged
โ€ข Quad-forged

by Product Type:

โ€ข Machined
โ€ข Unmachined

by Workload:

โ€ข Below 10 Ton
โ€ข 10-25 Ton
โ€ข 25-50 Ton
โ€ข 50-75 Ton
โ€ข 75-100 Ton
โ€ข 100-200 Ton
โ€ข 200-500 Ton
โ€ข Over 500 Ton

by End-use Vertical:

โ€ข Construction
โ€ข Logistics and Transportation
โ€ข Automotive
โ€ข Industrial
โ€ข Power & Energy
โ€ข Oil & Gas
โ€ข Other

by Sales Channel:

โ€ข OEM
โ€ข Aftermarket

by Region:

โ€ข North America
โ€ข Latin America
โ€ข Europe
โ€ข East Asia
โ€ข South Asia & Oceania
โ€ข 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

โ€ข Key manufacturing trends in end-use industries;
โ€ข New technologies used in a variety of application areas
โ€ข Key manufacturing trends in end-use industries
โ€ข New technologies used in a variety of application areas; Major economic shocks, such as the recent COVID-19 pandemic
โ€ข Country markets that will emerge as hotbeds of opportunity;
โ€ข Regulatory frameworks that will shape the strategies of key players in key regions in the Shank Hooks market
โ€ข Key technological trends and the likely rate of commercialization of novel technologies in key industries and allied industries

๐—š๐—ฒ๐˜ ๐—™๐˜‚๐—น๐—น ๐—”๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ ๐—ผ๐—ณ ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: 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.

Contact:ย 

US Sales Office
11140ย Rockville Pike
Suite 400
Rockville, MDย 20852
United States
Tel: +1 (628) 251-1583
E:ย sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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