Lifting Accessories Market

Lifting Accessories Market Outlook (2025 to 2035)

The global lifting accessories market is expected to reach USD 973.8 million by 2035, up from USD 519.3 million in 2024. During the forecast period (2025 to 2035), the industry is projected to expand at a CAGR of 5.9%.

Over the span of next ten years, the industry is poised to grow 1.8X with an absolute dollar opportunity of USD 424.9 million. This strong growth trajectory signals a highly favorable outlook, presenting significant opportunities for investment, innovation, and strategic expansion across key industrial sectors.

Lifting accessories are essential components used in material handling and rigging operations to ensure safe and efficient lifting of loads. These include items such as shackles, slings, hooks, swivels, spreader beams, eyebolts, and chains. Widely utilized across industries like construction, manufacturing, logistics, and marine, lifting accessories play a critical role in load stabilization, alignment, and safety compliance during lifting and hoisting tasks.

Metric	Value
Industry Size (2025E)	USD 548.9 million
Industry Value (2035F)	USD 973.8 million
CAGR (2025 to 2035)	5.9%

What are the drivers of the Lifting Accessories market?

The lifting accessories market is largely driven by the focus on operational safety, efficiency, and compliance in several heavy-duty industries. The construction, manufacturing, shipping, mining, and oil and gas operations have become mechanized and are also made to adhere to safety regulations; hence the demand for reliable lifting accessories slings, hooks, clamps, chains shackles is rising steadily. These are critical components for material handling especially when it involves lifting securing or moving heavy loads. There is no industrial workflow without these as they are considered indispensable.

Infrastructure development across the globe is a major driver for the market. Huge investments in highways, railways, and energy projects plus smart city initiatives primarily in Asia-Pacific, Middle East, and Latin America are pushing a significant rise in demand for strong lifting solutions. At the same time, fast growth of warehousing and logistics driven by e-commerce booms is also making more need for lifting accessories in automated distribution centers and fulfillment hubs.

Technological innovations have underglided market reshaping. New materials such as high-tensile synthetic fibers and corrosion-resistant coatings and smart accessories with RFID are Increasing Load Bearing Capacity Safety Tracking and Lifecycle Management respectively. These are the solutions that Industries have begun adopting for Precision Lifting and Real-Time Load Monitoring in Hazardous or High-Risk Environments.

In addition, shrinking job safety rules globalizing are pushing trades to swap old gear with certified and standard hoisting tools. Joined with rising notice of the long-term savings benefits of quality gear and little downtime, these factors are making the market’s steady and fixed growth path stronger.

What are the regional trends of the Lifting Accessories market?

The lifting accessories industry is highly geographically diversified depending on industrialization, safety culture, and infrastructure investment.

The North American lifting equipment market is thriving with extensive application in manufacturing, aerospace, oil and gas, and construction activities. The United States dominates the market with massive investments in automated factories and warehouses.

OSHA standards and corporate emphasis on workplace safety are creating demand for high-performance, OSHA-compliant lifting equipment accessories. Growing domestic logistics in response to e-commerce is also creating demand in this area.

Europe is also the dominant force in the lift accessories market, especially in Germany, U.K., France, and the Netherlands. The European market responds to concerns about sustainability, safe working, and EU machinery directive compliance.

As industries move towards Industry 4.0, it appears the need is for intelligent and ergonomic lifts highly compatible with automation solutions. The growth in clean energy, and more specifically the growth in the wind and offshore sectors, is also fueling this growth.

Asia-Pacific is the growth area as a result of the rapid industrialization, mega-sized infrastructure construction, and enhanced export-oriented activity. China and India are the pioneers with rising investment in urban infrastructure construction, manufacturing corridors, and logistics centers. Southeast Asian countries are emerging as top low-cost lifting accessory producers and utilisers in an increasing way at a rapid rate.

On the African continent and in the Middle East, growing construction, mining, and oil exploration are driving the demand for heavy-duty, corrosion-proof lifting accessories. Latin America, especially Mexico and Brazil, is also gradually picking up speed, driven by rising manufacturing and evolving safety awareness. Compliance with regulations and a tendency toward automation on all of these continents are setting the tone of the market.

What are the challenges and restraining factors of the Lifting Accessories market?

Despite promising growth, the lifting accessories market faces several challenges that can hinder its full potential. The biggest challenge is the volatility of the prices of raw materials such as steel, alloy metals, and synthetic fibers. These are most critical to use in making long-term and fixed lifting components, and whenever their prices get volatile, they may become a monkey wrench that causes mayhem in manufacturing stability, product price, and margin of profits.

The second major hindrance is the advanced regulatory environment. The equipment to be utilized in lifting needs to possess high performance and safety levels as dictated by agencies such as OSHA, ISO, and other governmental regulatory bodies.

Compliance is highly stringent in the area of a lot of testing, laborious documentation, and frequent auditing, which becomes extremely challenging for small-scale manufacturers. It serves to retard innovation and also challenge new market entrants.

Additionally, the global market is inundated with counterfeit or low-quality lifting accessories, especially in unregulated markets. These products, often lacking safety certifications, pose serious operational risks, leading to workplace accidents and loss of trust among end-users. The prevalence of such substandard alternatives affects brand credibility and slows industry modernization efforts.

Supply chain disruptions and logistical inefficiencies also present challenges. Geopolitical tensions, raw material shortages, and transportation delays can hinder timely delivery and inflate costs, affecting project timelines and customer satisfaction.

Cultural resistance to automation and a preference for traditional lifting methods in certain sectors can slow the adoption of advanced lifting technologies. However, increased awareness about the long-term economic and safety benefits of certified, high-performance accessories is expected to gradually overcome these barriers and steer the market toward sustained growth.

Shifts in the Lifting Accessories Market from 2020 to 2024 and Future Trends 2025 to 2035

Lifting accessories market in the period 2020 to 2024 experienced consistent growth in business on the back of increasing industrial activities with increased concern about workplace efficiency and safety. Heavy-duty and certified lifting equipment demand experienced a rising trend with increasing infrastructure development. Construction, manufacturing, logistics, and energy industries were particularly demanding lifting accessories.

During this historical period, regulatory bodies enforced tighter safety norms, influencing design and testing protocols for products like shackles, slings, hooks, and clamps. Technological improvements, including the integration of RFID tracking and smart load monitoring systems, began transforming product offerings.

The supply chain saw volatility in raw material availability, but automation and digital platforms helped maintain production continuity. Regional demand surged in Asia-Pacific due to ongoing industrial expansion, while North America and Europe focused on modernization of existing lifting systems with improved safety and digital tracking capabilities.

Market Shift	2020 to 2024
Regulatory Landscape	Strengthening of safety regulations across major markets to reduce lifting-related accidents.
Technological Advancements	Introduction of RFID tags, smart load indicators, and remote monitoring tools.
Industry-Specific Demand	High demand in construction, logistics, energy, and manufacturing sectors.
Sustainability & Circular Economy	Initial shifts to recyclable materials and sustainable supply chain sourcing.
Production & Supply Chain	Fluctuating raw material prices and logistics disruptions.
Market Growth Drivers	Industrialization, safety standardization, and infrastructure growth.

Market Shift	2025 to 2035
Regulatory Landscape	Comprehensive global safety harmonization and integration of digital compliance tools.
Technological Advancements	Widespread use of AI-powered predictive maintenance, digital twins, and IoT-enabled accessories.
Industry-Specific Demand	Expansion into offshore wind, space infrastructure, and fully automated warehousing systems.
Sustainability & Circular Economy	Focus on lifecycle extension, reusable components, and energy-efficient production.
Production & Supply Chain	Stronger reliance on regional manufacturing hubs and AI-optimized inventory systems.
Market Growth Drivers	Smart automation, digital asset tracking, and emerging market infrastructure investments.

Future Outlook (2025 to 2035)

The lifting accessories market is expected to undergo significant transformation, led by smart technology integration and global emphasis on safety and sustainability. Predictive analytics powered by AI will help anticipate component failures, optimize usage patterns, and streamline maintenance routines. Accessories will increasingly include IoT connectivity and smart sensors that communicate with centralized systems for real-time oversight and load control.

Regulations will become more uniform across regions, requiring intelligent compliance features like automated inspection tracking and digital certification logs. Sustainability will play a central role in product design and manufacturing, with growing use of recycled alloys and low-emission production methods. Modular lifting systems that can adapt to varied load conditions will gain traction, particularly in industries like modular construction, offshore energy, and aerospace logistics.

Country-Wise Insights

Country	CAGR (2025 to 2035)
United States	4.8%
China	6.3%
India	7.5%

United States (U.S.)

The United States lifting accessories market is witnessing steady growth, fueled by a combination of infrastructure revitalization, industrial automation, and regulatory emphasis on workplace safety. The construction sector remains a key end-user, supported by government-backed initiatives focused on roadways, bridges, and energy facilities.

Additionally, the growth of warehousing and logistics, driven by e-commerce and supply chain optimization, is creating strong demand for slings, shackles, hooks, and hoists. Increasing investment in renewable energy, particularly wind and solar, is driving the use of heavy-duty lifting systems for equipment handling and installation.

Manufacturers are embracing digital technologies such as RFID tagging and IoT-based load monitoring to improve operational efficiency and safety compliance. These advancements support real-time asset tracking and preventive maintenance. OSHA legislation and ANSI standards continue to influence product innovation and consumer adoption, most prominently with companies where employee safety is high on the agenda.

The trend towards modular construction is also propelling adoption of flexible, quick-fit lifting accessories. With purchasing going online and through distributor-orchestrated networks, product availability and aftersales support are being optimized, once more propelling overall market growth.

China

China’s lifting accessories market is growing rapidly, supported by the country's robust industrial ecosystem, fast-paced urban development, and continuous infrastructure investments. The demand for hoists, chain slings, wire rope slings, and rigging hardware is being driven by mega construction projects, energy infrastructure, and the development of manufacturing hubs.

China's "New Infrastructure" initiative, which emphasizes 5G networks, smart grids, and high-speed rail, is contributing to the surge in demand for high-performance lifting solutions. Domestic manufacturers are scaling up capacity and integrating automation technologies to meet growing domestic and international demand.

The export potential is also expanding due to competitive pricing and enhanced product quality. Innovations such as intelligent lifting systems equipped with sensors and load indicators are gaining traction, especially in high-risk industrial environments. Environmental regulations and the shift toward sustainable manufacturing are encouraging the use of lightweight and recyclable materials.

Additionally, the rise of e-commerce and digital procurement platforms has enhanced access to a wide range of lifting products for contractors and businesses across the country. These factors together are positioning China as both a key consumer and supplier in the global lifting accessories market.

India

India’s lifting accessories market is expanding at a notable pace, driven by large-scale infrastructure development, industrial modernization, and the growth of organized logistics. Public sector initiatives like the National Infrastructure Pipeline, Smart Cities Mission, and Gati Shakti plan are providing strong impetus to construction and transportation projects, which are major users of slings, clamps, lifting beams, and related accessories. The manufacturing sector, particularly in automotive, steel, and heavy engineering, is also seeing higher equipment demand due to modernization and capacity expansion.

The rapid rise of e-commerce is fueling warehouse construction and automation, further increasing the need for lifting gear. Local manufacturers are increasingly aligning with global safety and quality standards such as ISO and CE to enhance credibility and export readiness. Government regulations focusing on workplace safety are prompting businesses to adopt certified lifting equipment.

The emergence of digital distribution platforms and regional dealerships is improving product accessibility in tier II and III cities. As India’s economy continues to industrialize and urbanize, the demand for reliable, standardized, and scalable lifting accessories is expected to remain strong through the forecast period.

Category-Wise Analysis

Lifting Hooks - By Product Type

Shank Hooks (With Latch)

The Shank Hooks (With Latch) segment is gaining strong momentum due to its superior safety and reliability in heavy-duty lifting operations. These hooks are increasingly preferred in construction and industrial sectors where secure load handling is critical. The built-in latch mechanism minimizes the risk of unintentional detachment, making it a vital component for compliance with occupational safety standards.

Growing awareness around workplace safety, coupled with stricter government regulations, is driving demand across developed and emerging markets. Additionally, advancements in forged steel manufacturing and coating technologies have improved the strength and corrosion resistance of these hooks, enhancing their suitability for harsh environments such as shipyards and oil rigs.

As infrastructure projects surge globally and industries modernize their lifting systems, shank hooks with latches are set to witness consistent growth. Their compatibility with automated hoisting systems further ensures their relevance in the evolving industrial landscape.

20-30 Ton - By Lifting Capacity

The 20-30 Ton lifting capacity segment is increasing extremely fast because of the demand from power generation, oil & gas, and heavy machinery equipment manufacturing industries for efficient lifting capacity to manage mid-size loads. The boom range from this lifting capacity offers a marvellous combination of mobility and power, which is an invaluable resource for applications like structural steel handling, turbine installation, and container transfer where multi-use applications are required.

With more infrastructure development activity being associated with energy projects in the Asia-Pacific region as well as the Middle East, even the market of this category is being adopted to high extents. Compliance pressure to increase worker safety and reduce manual handling injury is driving organizations towards investing in high-performance lifting equipment within this capacity range.

Beyond that, suitability for hydraulic crane operation and smart lifting systems improves operational efficiency, thereby making this capacity range the preferred choice for complex lifting applications. As businesses scale up operations and mechanize processes, this 20-30 Ton range remains an industrial lifting workhorse.

Construction - By End Use Sector

The Construction sector is currently the largest end-use sector for lifting accessories, driven by booming urban infrastructure development, residential projects, and commercial construction activities. From high-rise buildings to bridges and stadiums, construction projects demand reliable lifting solutions to manage heavy components like steel beams, pre-fab elements, and formwork systems. Accessories such as hooks, shackles, and clamps are essential for efficient and safe lifting, especially in high-risk environments.

Government expenditure on green infrastructure and smart city development in the North American, Middle East, and Asia-Pacific markets is stimulating demand. Further, demand for improved occupational standards and the trend toward mechanized lifting techniques are propelling certified lifting equipment use.

With rising labor expense and falling project duration, the construction industry's demand for reducing and capacity enhancement lifting equipment is further growing day by day, and thus this product segment is one of the major drivers of long-term market growth.

Competitive Analysis

Key players in the Lifting Accessories Market include Columbus McKinnon, Crosby Group, Van Beest, Pewag Group, William Hackett Lifting Products Ltd, GN Rope Fittings, Peerless Industrial Group, Inc, Ketten Wälder, Toho-Rongkee, and Henan Huaibei Lifting Hook Co. Ltd.

The market is expanding due to the rise in global construction, infrastructure development, offshore and marine operations, and industrial automation. These applications require high-performance lifting solutions that are reliable, certified, and meet global safety standards.

Technological advancements such as smart load monitoring, high-strength advanced alloys, and corrosion-resistant coatings are influencing buying. Companies are green with the application of recyclable materials, improved safety compliance, and higher durability and longer lifecycles of lifting accessories.

Market Share Analysis by Company

Company Name	Estimated Market Share (%), 2024
Top 5 Players	~40-45%
Tier II Players	~25-30%
Other Players	~25-35%

Key Company Offerings and Activities

Company Name	Key Offerings/Activities
Columbus McKinnon	Manufactures hoists, rigging, and load securement gear; emphasizes smart lifting systems.
Crosby Group	Specializes in rigging, hooks, and lifting clamps; known for industry-leading certifications.
Van Beest	Produces Green Pin® shackles and fittings; focuses on high-strength steel and global standards.
Pewag Group	Offers chains and lifting components; focuses on heat-treated alloy steel and custom solutions.
William Hackett Lifting Products Ltd	Supplies certified lifting hooks, chains, and assemblies; emphasizes safety compliance.
GN Rope Fittings	Develops custom rope fittings and sockets for offshore and industrial use.
Peerless Industrial Group, Inc	Delivers lifting chain solutions and components; integrates quality control and safety.

Columbus McKinnon

Columbus McKinnon is a global market leader in intelligent motion solutions which manufactures next-generation hoists, trolleys, and rigging hardware. It specializes in intelligent lifting systems with load monitoring, automation, and wireless control technology. It caters to leading industries including construction, logistics, and industrial manufacturing. Fueled by massive R&D investment and global certification models, CMCO is emerging as a supplier of precision-engineered, safety-oriented lifting systems with growing emphasis on sustainability and digitalization.

Crosby Group

Crosby Group is a global market leader in lifting, rigging, and securement systems with best-performance shackles, clamps, and lifting points. Crosby Group is said to exceed international safety standards (ASME, EN, DNV) and is a traceability and fatigue-rated products specialist. It provides marine, energy, and heavy industry markets and expands through strategic partnerships and acquisitions and investments in the next generation of materials and real-time monitoring technology for mission-critical lifts.

Van Beest

The Van Beest name can be associated with the Green Pin® product family for a wide variety of high-strength shackles, turnbuckles, and rigging fittings. Van Beest stresses product consistency, hardness of steel, and ecologically friendly manufacturing. Van Beest is present in global markets such as offshore wind, shipping, and heavy-lift. Van Beest is investing in computer configurator software and technical assistance to engage even more with customers, and growth in the North American and Asia-Pacific markets.

Pewag Group

Pewag Group provides a full range of high-strength chains, hooks, and sets of lifts that find very heavy usage in building, forestry, and industrial lifting. The products are manufactured by Pewag from heat-treated alloy steels for extreme wear resistance and strength. Pewag is an organization that significantly focuses on innovative metallurgy on an environmentally conscious basis, energy-saving production, and electronic documentation. Pewag also invests in training scheme and qualification schemes to employ safe lifting everywhere in the world.

William Hackett Lifting Products Ltd

William Hackett is a British manufacturer and designer with a reputation won the hard way for producing lifting chain, manual hoists, and assemblies, especially in harsh offshore and mining environments. It puts importance on safety by having stringent third-party testing and compliance with DNV, BS EN, among other international codes. It has created corrosion-protective coats and devised revolutionary load-bearing means in an endeavor to extend the life of a product. Prioritizing personalized solutions and reaching the remotest corners of the world, it is establishing itself strongly in high-spec markets throughout the world for lifting.

Recent Development

• In November 2024, Crane and Hoist Canada highlighted the Vita Load Navigator, a semi-autonomous system enhancing load stability and safety in lifting operations. By measuring over 1,000 data points per second, it detects and corrects load movements in real time, improving efficiency and reducing risks.
• ​In September 2024, The Utility Expo showcased the Bobcat S7X, the industry's first all-electric skid-steer loader. Powered by a lithium-ion battery and utilizing electric drive motors, it eliminates hydraulics, reducing components by 50% and fluid use by 96%. This innovation enhances efficiency and sustainability in material lifting operations.

Fact.MR has provided detailed information about the price points of key manufacturers of Lifting Accessories Market positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Lifting Accessories Market

• By Type :

  • Lifting Hooks
    • Shank Hooks
      • With Latch
      • Without Latch
    • Eye Hooks
      • With Latch
      • Without Latch
    • Swivel Hooks
      • With Latch
      • Without Latch
    • Clevis Hooks
      • With Latch
      • Without Latch
  • Shackles
    • Dee Shackle
      • Round Pin Shackles
      • Screw Pin Shackles
      • Bolt Type Shackles
    • Bow Shackles
      • Round Pin Shackles
      • Screw Pin Shackles
      • Bolt Type Shackles
  • Socket
    • Spelter Socket
      • Open
      • Closed
    • Swage Socket
      • Open
      • Closed
    • Wedge Socket
      • Open
      • Closed
    • Bow Socket
  • Turnbuckle
    • Jaw-Jaw
    • Eye-Eye
    • Hook Hook
    • Jaw Eye
    • Hook Eye
  • Swivels
    • Eye Eye
    • Jaw Jaw
    • Jaw Eye
  • Load Binders
    • Ratchet Binder
    • Lever Binder
  • Lifting Clamp
    • Beam Clamp
    • Plate Clamp
  • Snatch Block
    • Hook
    • Shackle
  • Wire / Rope Clip
    • U - Type
    • Double Saddle Type
  • Shortening Clutches
  • Lifting Eye
  • Links & Chains

• By Lifting Capacity :

  • Upto 5 Ton
  • 5 - 10 Ton
  • 10 - 15 Ton
  • 15 - 20 Ton
  • 20 - 30 Ton
  • 30 - 50 Ton
  • Above 50 Ton

• By End Use Sector :

  • Construction
  • Logistics and Transportation
  • Automotive
  • Industrial
  • Power & Energy
  • Oil & Gas
  • Others

• By End Use Sector :

  • OEM
  • Aftermarket

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa