Cribbing Blocks Market Forecast and CAGR
Cribbing blocks is a device mostly consumed for adjusting, positioning and lifting off heavy loads in varied fields. The manufacturing industries have been matured very quickly since the mid-nineties and second industrial revolution due to the rising sale of cars and demand from end users. The companies are constantly struggling to protect the ground from downward forces all under one roof policy and escalate their production capacity. Since the development in industries started, the companies had a stiff time to coven with material handling problems.
It is desired that the cribbing blocks must fulfil their purpose and should be strong enough to lift up the wide range of weights. According to the latest research by Fact. MR, the cribbing blocks is expected to witness a CAGR of 5.4% over the forecast period of 2021 to 2031.
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By improving logistics in manufacturing plants and warehouses, it guarantees increases the productivity. Such products also give a process-efficient, cost-effective and precise support to block the heavy products to make a rapid transfer of goods across warehouses and production plants, prominent to its higher demand and, thus, relieving the industry growth.
What is Driving Demand for Cribbing Blocks?
The cribbing blocks market is being determined by the increasing demand for the integration of heavy products to make the storage cost-effective and simpler. The other factors subsidizing towards the growth of the industry are the expansion of the e-commerce and aviation sectors due to weighty products or machines, and the rising demand for flexibility and supply chain transparency in warehouse activities also supporting the global growth.
The growing material handling techniques in emerging countries like South Korea and India is likely to propel the overall industry growth. Industrial and other sectors are continuously enticing massive quantities of foreign capital, thereby swelling the operations of trades.
The cribbing blocks market is mainly dependent on industrial growth and stocking of products. The companies are investing heavily to increase their production and stocking up heavy products. Also, the growing international and national trade and prospering product transportation comprise the stacking and loading are also estimated to boost up cribbing blocks sales.
Rising Warehouse & Storage Services is Likely to Augment Cribbing Blocks Sales
The warehouse & storage services refer to a facility that is used to store semi-finished or finished products, raw materials and goods that are to be exported or manufactured. Cribbing blocks in warehousing & storage facilities help to protect the weight of goods from downwards and pests & insects and safeguard a seamless flow of distribution or manufacturing activities.
The global warehousing & storage services have exhibited healthy growth from the past few years, owing to the heave in the e-commerce sector. There is a substantial growth opportunity for third-party distribution, warehousing players and e-commerce. So, the manufacturers of cribbing blocks are also targeting the warehouse owners to stabilize or to support the object in lifting during the rescue operations.
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Global Cribbing Blocks Market Outlook
Asia Pacific region is anticipated to be the fastest-growing region for cribbing blocks equipment. The rapid growth of e-commerce, automotive, healthcare and food & beverages industries in emerging countries, such as India and Indonesia, had subsidized to the growth of the cribbing blocks market at the regional level.
Furthermore, governments across the globe are progressively stressing safety on production floors by putting the heavy loads on cribbing blocks, which can be best achieved to avoid slippage and any accidents.
The market is witnessing fast growth in developed regions such as the US and UK, owing to growing investments by companies and suppliers in the installation at such distribution and warehouses centers. Europe and MEA region is also expected to witness a strong production as well as sales of the heavy weight products owing to growing globalization and industrialization in the respective countries.
Who are the Key Manufacturers and Suppliers of Cribbing Blocks?
The cribbing blocks market is conquered by numerous worldwide brands and local companies. Key players involved in this are
- Enerpac
- DICA Outrigger Pads
- RESQTEC
- AME INTL
- Brute force Cribbing
- Cribbing & Matting Co.
- Turtle Plastics
- Outrigger pads
- Westley Plastics Limited
- Ashley River Lumber Co.
- Salvadori Srl
- Prema Canada
- Bluff Manufacturing.
In order to organic and inorganic growth strategies, the companies are fetching towards new product launch, partnerships, and deliberate mergers & acquisitions to provide viable variations and strengthen their product range. Many key players, including OEM and dedicated cribbing blocks creator, are focusing on R&D activities to develop technologically advanced products to outfit the consumer requirements. Such growing R&D activities in the area of cribbing blocks are likely to boost the demand in the near future.
For instance, in 2019, DICA Outrigger Pads had launched new product prostack interlocking cribbing blocks. This new product is a low cost solution with light weight which is a good fit for aerial devices and can be loaded for additional height to make a better structure than traditional methods.
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Key Segments
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By Material
- Wood
- Plastic
- Steel
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By Size
- Small
- Medium
- Large
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By Shape
- Circular
- Rectangular
- Others
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By Capacity
- Up to 40,000 lbs.
- 40,000 – 80,000 lbs.
- 80,000 – 100,000 lbs.
- 100,000 – 110,000 lbs.
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By Distribution Channel
- Offline
- Hardware Stores
- Specialty Stores
- Online
- Company-owned Websites
- E-commerce Websites
- Offline
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By End Users
- Automotive Industry
- Defense & Aerospace
- Transportation
- Others
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By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East And Africa
- GCC Countries
- Other Middle East
- South Africa
- Other Africa
- North America
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