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 202

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 is anticipated to expand at over 4% CAGR from 2023 to 2032, driven by the increasing emphasis on facilitating seamless global trade and cargo handling operations.

The expanding trade activities and the dire need for efficient cargo handling in ports and shipping terminals is surging the need for specialized lifting hooks to facilitate the loading and unloading of heavy goods and containers. Moreover, the ongoing advancements in lifting equipment technology, including the development of advanced hook designs and automated lifting solutions will augment the industry outlook. For instance, in January 2023, Elebia Autohooks introduced eLINK, a central control system to expand its line of rigging products and automatic hooks for operating via mobile and smart devices to automate material handling processes.

The lifting hooks industry is segmented into type, capacity, end-use, and region.

Based on type, the market share from the grab hooks segment is anticipated to gain significant traction from 2023 to 2032 attributed to widespread usage in heavy-duty lifting applications for secure gripping and efficient material handling capabilities. Furthermore, the versatility, durability, and compatibility of grab hooks with various lifting equipment are propelling its prominence across the construction, manufacturing, and logistics verticals.

Lifting hooks industry may witness considerable traction from the logistics & transportation end-use segment through 2032. The growth is driven by the rising adoption of lifting hooks for facilitating efficient material handling and cargo lifting operations across the logistics and transportation sectors. The increasing need for streamlined and time-efficient loading and unloading processes coupled with the rapidly expanding global trade and e-commerce activities will boost the segment growth.

Regionally, the North America lifting hooks industry is set to expand at robust CAGR from 2023-2032 owing to the thriving manufacturing and construction activities as well as expanding logistics and transportation sector. The increasing demand for advanced material handling equipment coupled with the higher emphasis on workplace safety standards and regulations is contributing to the increasing adoption of lifting hooks in the region. Moreover, the surging technological advancements in lifting equipment and the growing investments in infrastructure development projects will further propel the regional market expansion.