Lifting Hooks Market Size - By Type (Eye Hooks, Clevis Hooks, Swivel Hooks, Grab Hooks, Foundry Hooks), By Capacity (Below 5 Ton, 5-15 Ton, 15-25 Ton, Over 25 Ton), End-use (Construction, Automotive, Logistics & transportation, Industrial), & Forecast 2023 - 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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Lifting Hooks Market Size - By Type (Eye Hooks, Clevis Hooks, Swivel Hooks, Grab Hooks, Foundry Hooks), By Capacity (Below 5 Ton, 5-15 Ton, 15-25 Ton, Over 25 Ton), End-use (Construction, Automotive, Logistics & transportation, Industrial), & Forecast 2023 - 2032

Lifting Hooks Market Size

Lifting Hooks Market size was valued at USD 174.9 million in 2022 and is anticipated to register a CAGR of over 4% between 2023 and 2032. The demand for lifting hooks is closely tied to industrial growth and construction activities. As economies grow and infrastructure projects are undertaken, the need for heavy lifting equipment, including lifting hooks, increases.

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Similarly, the second phase of the High-Speed Rail in Europe, which connects Madrid and Barcelona, is currently underway. Lifting hooks are essential for various lifting and rigging applications in construction sites, manufacturing plants, warehouses, and more. The increasing government focus on developing, redeveloping, and refurbishing infrastructure will strengthen the lifting hooks industry outlook.

Lifting Hooks Market Report Attributes
Report Attribute Details
Base Year 2022
Lifting Hooks Market Size in 2022 USD 174.9 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4%
2032 Value Projection USD 265.1 Million
Historical Data for 2018 - 2022
No. of Pages 300
Tables, Charts & Figures 479
Segments covered Type, Capacity, End-use
Growth Drivers
  • Rapidly growing construction and mining activities
  • Increasing government investment infrastructure development
  • Rise in technology advancement in lifting hooks
  • Increasing urbanization and industrialization
Pitfalls & Challenges
  • Changing consumer preferences

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Workplace safety is a big deal these days. Governments and companies want to make sure their workers are safe, especially when it comes to lifting heavy things. So, they're making sure that all the equipment people use to lift things, like hooks, meet certain safety standards. On one hand, this is good because it helps keep workers safe and prevents accidents. On the other hand, it can make it harder for companies to make lifting hooks because they have to spend more time and money on testing and making sure they meet all the rules. And when it costs more to make things, companies might have to charge more for them, which could make people less likely to buy them.

COVID-19 Impact

The COVID-19 pandemic significantly impacted the lifting hooks market, causing disruptions in production, supply chains, and demand. Lockdowns and restrictions led to reduced construction and industrial activities, translating into lower demand for lifting hooks. Manufacturing and distribution were hindered by lockdowns and social distancing measures, affecting the availability of raw materials and components. For instance, major hook manufacturers like Crosby Group temporarily suspended operations due to pandemic-related challenges. The industry also faced delays in projects, impacting the need for new hooks.

Lifting Hooks Industry Trends

As environmental concerns continue to rise, there's a growing emphasis on sustainability across industries. key manufacturers might explore using eco-friendly materials and processes to reduce their carbon footprint. This could involve developing hooks made from recyclable or biodegradable materials, as well as designing hooks with energy-efficient features that minimize environmental impact.

In addition, with the increasing adoption of Internet of Things (IoT) technology and data-driven solutions, lifting hooks could become smarter and more connected. These hooks might incorporate sensors and monitoring systems to collect data on load conditions, usage patterns, and wear and tear. This data can be analyzed to optimize operations, enhance safety, and enable predictive maintenance. Smart hooks could provide real-time feedback to operators, enabling them to make informed decisions and prevent accidents.

Lifting Hooks Market Analysis

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In 2022, swivel hooks took a significant bite out of the lifting hooks market, grabbing about 20%. And they're not slowing down thanks to their super-handy features like being able to spin around and keep loads steady. That's no small thing when heavy stuff is hanging in the air. Swivel hooks help prevent accidents and keep things from getting twisted up and strained. No wonder industries like building, making things, and moving stuff are all over them. For instance, on a construction site, swivel hooks are like the MVPs of lifting. They can spin and turn to get things into place precisely. And because they can handle loads that swing around, they're perfect for jobs where you need to keep everything steady and controlled.

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Imagine a bustling construction site, a hive of activity where heavy materials dance in the air. Among the essential tools that make this symphony of construction possible are lifting hooks. These unassuming devices play a pivotal role in keeping the site safe and efficient. In 2022, the construction industry gobbled up a whopping 25% of the market for lifting hooks. Why? Because these hooks are like the construction worker's best friend. They hoist mammoth materials, precisely position components, and keep loads secure throughout every step of construction. Their reliability is unmatched, making them the backbone of smooth-flowing construction sites. They're a breeze to use, too, which means construction workers can get the job done faster and more efficiently. But it's not just about getting the work done. Safety is paramount in construction, and lifting hooks play a crucial role in keeping workers safe. They meet strict safety standards and are built to handle the demands of even the toughest construction projects. So, next time you see a construction site, take a moment to appreciate the unsung heroes—the lifting hooks that make it all possible, ensuring both progress and well-being on the job.

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Asia Pacific lifting hooks market accounted for over 40 million in 2022, due to escalating infrastructure projects and industrial development. Rapid urbanization and construction activities in countries like China and India have propelled the demand for lifting hooks in various sectors. For instance, China's ambitious Belt and Road Initiative has led to increased investments in transportation and energy infrastructure, driving the need for lifting equipment.

Lifting Hooks Market Share

Key players operating across lifting hooks market are

  • Columbus McKinnon
  • Henan Weihua
  • Irizar Forge
  • Ketten Wälde
  • Peerless Industrial Group
  • RUD Group
  • Sennebogen
  • Stamperia Carcano Giuseppe
  • The crosby group

They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Lifting Hooks Industry News

  • In March 2021, Elebia launched NEO60 lifting hooks. The NEO60 has a maximum lifting capacity of 60 tonnes and offer advanced safety and productivity features.

This market research report on lifting hooks includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipment in (Units) from 2018 to 2032, for the following segments

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By Type

  • Eye Hooks
  • Clevis Hooks
  • Swivel Hooks
  • Grab Hooks
  • Foundry Hooks

By Capacity

  • Below 5 ton
  • 5-15 ton
  • 15-25 ton
  • Over 25 ton

By End-use

  • Construction
  • Automotive
  • Logistics & transportation
  • Industrial
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Southeast Asia
    • ANZ 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Lifting hooks market 3600synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Type trends

2.5    Capacity trends

2.6    End-use trends

Chapter 3   Lifting Hooks Market Industry Insights

3.1    Impact of COVID-19

3.2    Impact of the Russia-Ukraine war

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.8.1    Partnership/Collaboration

3.8.2    Merger/Acquisition

3.8.3    Investment

3.8.4    Type launch & innovation

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Rapidly growing construction and mining activities

3.10.1.2    Increasing government investment infrastructure development

3.10.1.3    Rise in technology advancement in lifting hooks

3.10.1.4    Increasing urbanization and industrialization Industry

3.10.2    pitfalls & challenges

3.10.2.1    Changing consumer preferences

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

Chapter 4   Competitive Landscape, 2022

4.1    Introduction

4.2    Company market share, 2022

4.3    Competitive analysis of major market players, 2022

4.3.1    Columbus McKinnon

4.3.2    The crosby group

4.3.3    Peerless Industrial Group

4.3.4    SENNEBOGEN

4.3.5    Henan Weihua

4.3.6    RUD Group

4.3.7    CODIPRO

4.4    Competitive positioning matrix, 2022

4.5    Strategic outlook matrix, 2022

Chapter 5   Lifting Hooks Market Estimates & Forecast, By Type (Revenue & Units)

5.1    Key trends, by type

5.2    Eye hooks

5.3    Clevis hooks

5.4    Swivel hooks

5.5    Grab hooks

5.6    Foundry hooks

Chapter 6   Lifting Hooks Market Estimates & Forecast, By Capacity (Revenue & Units)

6.1    Key trends, by capacity

6.2    Below 5 ton

6.3    5-15 ton

6.4    15-25 ton

6.5    Over 25 ton

Chapter 7   Lifting Hooks Market Estimates & Forecast, By End-use (Revenue & Units)

7.1    Key trends, by end-use

7.2    Construction

7.3    Automotive

7.4    Logistics & transportation

7.5    Industrial

7.6    Others

Chapter 8   Lifting Hooks Market Estimates & Forecast, By Region (Revenue & Units)

8.1    Key trends, by region

8.2    North America

8.2.1    U.S.

8.2.2    Canada

8.3    Europe

8.3.1    UK

8.3.2    Germany

8.3.3    France

8.3.4    Italy

8.3.5    Russia

8.4    Asia Pacific

8.4.1    China

8.4.2    India

8.4.3    Japan

8.4.4    South Korea

8.4.5    Southeast Asia

8.4.6    ANZ

8.5    Latin America

8.5.1    Brazil

8.5.2    Mexico

8.6    MEA

8.6.1    UAE

8.6.2    Saudi Arabia

8.6.3    South Africa

Chapter 9   Company Profiles

9.1    BINAR HANDLING

9.2    CODIPRO

9.3    Columbus McKinnon

9.4    Elebia Autohooks, SLU

9.5    FERPLAST

9.6    Henan Weihua

9.7    Irizar Forge

9.8    Ketten Wälder

9.9    Peerless Industrial Group

9.10    RUD Group

9.11    Sennebogen

9.12    Stamperia Carcano Giuseppe

9.13    The crosby group

9.14    Van beest

  • Columbus McKinnon
  • Henan Weihua
  • Irizar Forge
  • Ketten Wälde
  • Peerless Industrial Group
  • RUD Group
  • Sennebogen
  • Stamperia Carcano Giuseppe
  • The crosby group

 

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