Lifting Hooks

Global Lifting Hooks Market to Reach US$216.3 Million by 2030

The global market for Lifting Hooks estimated at US$183.5 Million in the year 2024, is expected to reach US$216.3 Million by 2030, growing at a CAGR of 2.8% over the analysis period 2024-2030. Eye Hooks Type, one of the segments analyzed in the report, is expected to record a 2.8% CAGR and reach US$83.4 Million by the end of the analysis period. Growth in the Clevis Hooks Type segment is estimated at 3.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$50.0 Million While China is Forecast to Grow at 5.3% CAGR

The Lifting Hooks market in the U.S. is estimated at US$50.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.0 Million by the year 2030 trailing a CAGR of 5.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Global Lifting Hooks Market – Key Trends & Drivers Summarized

Why Is the Lifting Hooks Market Experiencing Steady Growth?

Lifting hooks are essential components in material handling, construction, shipping, and industrial lifting operations. These heavy-duty hooks are designed to support and secure loads during lifting, ensuring safety and efficiency in cranes, hoists, and rigging systems. The expansion of the construction and infrastructure sectors, combined with increasing investments in industrial automation and logistics, has driven the demand for high-strength and reliable lifting hooks. The adoption of advanced manufacturing techniques, including forged steel and alloy-based lifting hooks, has improved load-bearing capacity and durability. Additionally, workplace safety regulations have mandated the use of certified lifting equipment, prompting businesses to invest in high-quality lifting hooks to minimize workplace accidents. The growth of maritime and offshore industries has also contributed to market expansion, with specialized hooks required for shipyard operations, offshore drilling, and heavy cargo lifting. The increasing automation of material handling processes, along with advancements in smart lifting technologies, has further enhanced the demand for lifting hooks that integrate with digital load monitoring systems.

What Are the Emerging Trends in the Lifting Hooks Industry?

Several transformative trends are shaping the lifting hooks market, making operations safer and more efficient. One of the most significant trends is the integration of IoT-enabled load monitoring, allowing real-time tracking of weight, stress, and potential overload conditions. This technology enhances workplace safety and optimizes lifting efficiency. Another key trend is the shift toward lightweight but high-strength materials, including alloy steel and titanium, which improve load performance while reducing wear and tear. The demand for automated and remote-controlled lifting hooks has also increased, reducing the need for manual intervention and enhancing operator safety. The expansion of robotic-assisted lifting in manufacturing and logistics has further fueled the need for precision-engineered lifting hooks that integrate seamlessly with automated systems. Additionally, companies are investing in corrosion-resistant and heat-treated lifting hooks to improve longevity, particularly in harsh industrial and marine environments. The rise of modular lifting solutions, where hooks can be quickly interchanged based on load requirements, is another emerging trend enhancing operational flexibility.

What Challenges Are Hindering the Growth of the Lifting Hooks Market?

Despite the increasing demand, the lifting hooks market faces several challenges that impact widespread adoption and scalability. One of the primary concerns is safety compliance, as substandard or counterfeit lifting hooks pose significant risks in industrial operations. Ensuring adherence to international safety standards and certifications remains a challenge for manufacturers and buyers. Another challenge is the cost of high-performance lifting hooks, particularly those made from specialized alloys or equipped with smart load sensors. Smaller businesses and emerging markets may find these advanced lifting solutions cost-prohibitive. Additionally, supply chain disruptions affecting raw materials such as steel and alloy components have led to price volatility and longer lead times for manufacturers. The maintenance and inspection requirements for lifting hooks also pose challenges, as frequent wear and tear necessitates regular inspections, replacements, and recalibration for optimal performance. The complexity of integrating smart lifting hooks with legacy lifting equipment further slows down adoption in traditional industries. Addressing these challenges will require increased investment in safety innovations, standardization, and cost-efficient manufacturing techniques.

What Is Driving the Growth of the Lifting Hooks Market?

The growth in the lifting hooks market is driven by increasing industrialization, automation in material handling, and stringent workplace safety regulations. The expansion of infrastructure projects, particularly in emerging economies, has led to a rise in construction-related lifting activities, fueling demand for high-capacity lifting hooks. The growing emphasis on worker safety has encouraged industries to invest in certified and load-tested lifting solutions, reducing workplace incidents. Additionally, technological advancements in load monitoring and remote-controlled lifting have increased efficiency and reliability in lifting operations. The increasing adoption of robotics and AI-driven lifting solutions has also contributed to market expansion, as businesses seek precision and safety in industrial lifting. The rise of e-commerce and automated warehouses has further boosted demand for lifting hooks in logistics and supply chain applications. With continued innovation in materials, smart technology integration, and safety enhancements, the lifting hooks market is expected to see sustained growth in the coming years.

SCOPE OF STUDY:

The report analyzes the Lifting Hooks market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Eye Hooks Type, Clevis Hooks Type, Swivel Hooks Type, Grab Hooks Type, Foundry Hooks Type); Capacity (Below 5 Ton Capacity, 5 Ton - 15 Ton Capacity, 15 Ton - 25 Ton Capacity, Above 25 Ton Capacity); End-Use (Construction End-Use, Automotive End-Use, Logistics & Transportation End-Use, Industrial End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• All Material Handling Inc.
• Allsafe Group
• CERTEX USA
• Columbus McKinnon Corporation
• Gunnebo Industries
• Jergens, Inc.
• KITO Corporation
• Lift-It Manufacturing
• LiftQuip Australia
• Nobles
• Peerless Industrial Group
• Petersen Stainless Rigging Ltd.
• RUD Group
• TFG USA
• The Crosby Group
• Tri-State Rigging Equipment
• Van Beest B.V.
• William Hackett Lifting Products
• WiscoLift, Inc.
• YOKE Industrial Corp.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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