According to our (Global Info Research) latest study, the global Lifting Accessory market size was valued at US$ 1792 million in 2024 and is forecast to a readjusted size of USD 2624 million by 2031 with a CAGR of 5.7% during review period.
‘Lifting Accessory’ means a component or equipment not attached to the lifting machinery, allowing the load to be held, which is placed between the machinery and the load or on the load itself, or which is intended to constitute an integral part of the load and which is independently placed on the market; slings and their components are also regarded as lifting accessories;Given the varied shape, size and nature of the loads to be lifted, equipment is often placed between the holding device (hook) of the lifting machinery and the load, or on the load itself, in order to hold the load during the lifting operation. Such equipment is referred to as a lifting accessory. Products that are independently placed on the market to be incorporated into loads for this purpose are also considered as lifting accessories.
The global lifting accessory market refers to the market for various accessories and attachments used in lifting operations across different industries. Lifting accessories are essential components in material handling systems, enabling the safe lifting, moving, and positioning of heavy loads. These accessories include slings, hooks, chains, hoists, clamps, shackles, and other lifting attachments.
Here are some key factors driving the growth of the global lifting accessory market:
Increasing industrialization and infrastructure development: Rapid industrialization and infrastructure development projects in emerging economies are driving the demand for lifting accessories. The construction sector, in particular, requires lifting accessories for the movement and installation of heavy materials and equipment. Besides, other industries such as manufacturing, oil and gas, mining, and transportation also require lifting accessories for their daily operations.
Emphasis on workplace safety regulations: Safety regulations and standards mandating the use of appropriate lifting accessories to ensure worker safety have been implemented across various industries globally. Strict adherence to these regulations and the need to prevent accidents and injuries during lifting operations have increased the demand for reliable and certified lifting accessories.
Technological advancements and product innovations: The lifting accessory market has witnessed continuous technological advancements and innovations to improve efficiency, ease of use, and safety. Manufacturers are developing lifting accessories with enhanced features such as anti-corrosion properties, lightweight materials, ergonomic designs, and advanced load monitoring systems. These innovations drive market growth by attracting customers looking for reliable and efficient lifting solutions.
Growth in e-commerce and logistics industry: The growth of the e-commerce industry and the increasing demand for quick and efficient logistics operations have created a significant need for lifting accessories. Warehousing, order fulfillment, and material handling in the e-commerce and logistics sectors heavily rely on lifting accessories for efficient movement and storage of goods. The rise in online shopping and same-day delivery services further fuels the demand for lifting accessories.
Expansion of renewable energy sector: The expansion of the renewable energy sector, including wind and solar power, requires lifting accessories for the installation and maintenance of equipment such as wind turbine components and solar panels. The increasing global focus on clean energy sources drives the demand for lifting accessories in this sector.
Market competition in the lifting accessory industry is intense, with players focusing on product quality, safety, reliability, and customization to meet specific customer requirements. Manufacturers also emphasize building strong distribution networks, providing extensive after-sales support, and offering comprehensive training programs to ensure optimal utilization and safety of lifting accessories. Additionally, the emphasis on product certifications and compliance with international safety standards is crucial in gaining customer trust and market competitiveness.
This report is a detailed and comprehensive analysis for global Lifting Accessory market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Lifting Accessory market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Lifting Accessory market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Lifting Accessory market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Lifting Accessory market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Lifting Accessory
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Lifting Accessory market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include The Crosby Group, Columbus McKinnon, Pewag Group, Van Beest, Wurth Group, William Hackett Lifting Products Ltd., Peerless Industrial Group, Inc., Toho-Rongkee, AUZAC Co. Ltd., Campbell Chain, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Lifting Accessory market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Lifting Hooks
Shackles
Turnbuckles
Swivels
Links & Chains
Others
Market segment by Application
Construction
Logistics and Transportation
Automotive
Industrial
Power & Energy
Oil & Gas
Others
Major players covered
The Crosby Group
Columbus McKinnon
Pewag Group
Van Beest
Wurth Group
William Hackett Lifting Products Ltd.
Peerless Industrial Group, Inc.
Toho-Rongkee
AUZAC Co. Ltd.
Campbell Chain
Gunnebo Industries
RUD Group
Thiele
Yoke Industrial Corp
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Lifting Accessory product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Lifting Accessory, with price, sales quantity, revenue, and global market share of Lifting Accessory from 2020 to 2025.
Chapter 3, the Lifting Accessory competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Lifting Accessory breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Lifting Accessory market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Lifting Accessory.
Chapter 14 and 15, to describe Lifting Accessory sales channel, distributors, customers, research findings and conclusion.
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