The global Safe Load Indicators market was valued at US$ 92 million in 2020 and it is expected to reach US$ 120.8 million by the end of 2027, growing at a CAGR of 4.0% during 2021-2027.
Safe Load Indicator, also called Load moment indicator, means a system which aids the equipment operator by sensing (directly or indirectly) the overturning moment on the equipment, i.e., load multiplied by radius. It compares this lifting condition to the equipment’s rated capacity, and indicates to the operator the percentage of capacity at which the equipment is working. Lights, bells, or buzzers may be incorporated as a warning of an approaching overload condition.
The main manufacturers of Global Safe Load Indicators include Wika Mobile Control, RaycoWylie, Robway Safety, etc. These top three manufacturers hold a market share about 30%. Europe is the leading production region in the world, followed by North America. In terms of application, the product is mainly used in crane.
Global Safe Load Indicators Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Safe Load Indicators Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Wika Mobile Control, RaycoWylie, Robway Safety, Cranesmart Systems, Weite Technologies, Yichang Jinglian, Parker Electronic Controls, TWG Dover, Chengdu Hi-Tech Crane Safety, Keli Sensing, Suns Technology, Shanghai Xiya, Wide Technology, Yichang Wanpu, Wylie Indicators, Markload Systems and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- LCD Indicators
- Digital Indicators
Segment by Application
- Heavy Machinery
Table of Content:
1 Safe Load Indicators Market Overview
2 Safe Load Indicators Market Competition by Manufacturers
3 Safe Load Indicators Retrospective Market Scenario by Region
4 Global Safe Load Indicators Historic Market Analysis by Type
5 Global Safe Load Indicators Historic Market Analysis by Application
6 Key Companies Profiled
7 Safe Load Indicators Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Safe Load Indicators Market Dynamics
10 Global Safe Load Indicators Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.