Hoist Rings are designed for use in heavy duty lifting, rigging, and material handling applications. They are used to connect a lifting device such as a crane, winch, or hoist to a structural member such as an I-beam, column, or beam in order to safely lift and transport loads. They are designed to provide a secure and permanent connection point for hoisting, as well as help to distribute the load evenly throughout the entire structure.
Hoist Rings are available in a variety of different materials and sizes, and can be customized to meet the requirements of specific applications. They are commonly used in a variety of industries including construction, manufacturing, oil and gas, and marine. They are also used in a variety of situations such as lifting heavy equipment and materials, positioning tools and materials, and lifting large objects, such as vehicles or aircraft.
Hoist Rings are manufactured and tested to meet stringent industry standards, including those established by the ASME/ANSI/API standards. They are designed to provide maximum safety, reliability, and performance. They are also designed to meet the highest levels of quality and durability, and to provide a secure connection point for lifting applications.
Hoist Rings are used globally in a variety of different industries and applications, and are an essential component in many lifting and rigging operations. They are designed to provide a secure connection point for lifting and rigging operations, as well as help to evenly distribute the load throughout the entire structure.
The global Hoist Rings market was valued at US$ 334 million in 2022 and is anticipated to reach US$ 411.8 million by 2029, witnessing a CAGR of 3.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Hoist Rings Market available at: https://www.themarketreports.com/report/global-hoist-rings-market-research-report
This report aims to provide a comprehensive presentation of the global market for Hoist Rings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hoist Rings.
The global Hoist Rings key players are Crosby Group, RUD, CODIPRO (Alipa), Jergens, YOKE, JDT, American Drill Bushing, DME, Pewag, Carr Lane, TE-CO, Actek, Tianjin Yiyun, Norelem, Gunnebo Industries, WDS, Stamperia Carcano, Northwestern Tools and so on. The top 5 key players are Crosby Group, RUD, CODIPRO (Alipa), Jergens and YOKE, with more than 50% market share. North America is the largest consumption place, with a consumption market share nearly 45%. Following North America, Europe is the second largest consumption place with the consumption market share of 29%.
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