Press release
Hook Lifts and Skip Loaders Market Size, Growth, Trends, Forecast To 2033
Hook Lifts and Skip Loaders Market
The Business Research Company offers in-depth market insights through Hook Lifts and Skip Loaders Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hook lifts and skip loaders market size has grown rapidly in recent years. It will grow from $2.21 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to industrial growth and construction boom, urbanization and infrastructure development, regulatory changes in waste handling, rise in recycling and environmental concerns, demand from municipalities and waste management entities.
The hook lifts and skip loaders market size is expected to see rapid growth in the next few years. It will grow to $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to demand in recycling and circular economy initiatives, market penetration in developing regions, adoption of fleet management solutions, expansion of construction and infrastructure projects. Major trends in the forecast period include advancements in waste management, environmental regulations and sustainability, technological enhancements in equipment, versatility and adaptability.
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Market Segmentation:
The hook lifts and skip loaders market covered in this report is segmented -
1) By Product: Hook Lift, Skip Loader
2) By Control System: Hydraulic, Pneumatic
3) By Application: Construction, Agriculture, Municipalities, Forestry, Other Applications
Major Driver - Government Emphasis On Waste Recycling Drives Growth In Hook Lifts And Skip Loaders Market
Increasing government focus on waste recycling is expected to propel the growth of the hook lifts and skip loaders markets going forward. Waste recycling plants are set up to recover waste or scra*p plastic and recycle the materials into functional and valuable products. Hook lifts and skip loaders used in waste recycling plants are used to lift heavy recycled material and also to lift stuck containers. It is also used to dump the waste load easily. For instance, in June 2023, according to the Department of Environment Food and Rural Affairs, a UK-based government department, the recycling rates for household waste saw an increase across all UK countries except Northern Ireland in 2021. Specifically, England achieved a recycling rate of 44.1%, Northern Ireland at 48.4%, Scotland at 41.7%, and Wales leading with an impressive rate of 56.7%.Therefore, increasing government focus on waste recycling is driving the growth of the hook lifts and skip loaders markets.
Competitive Landscape:
Major companies operating in the hook lifts and skip loaders market report are Linde plc, Volvo Construction Equipment AB, DIC Corporation, F.lli Ferrari S.p.A., Cargotec Corporation, UBE Corporation, Palfinger AG, Marrel Corporation, Hiab LLC, Bonfiglioli Riduttori S.p.A., Hyva Global B.V., Samsara Inc., Crane Pumps & Systems Inc., Stellar Industries Corp., Fontaine Fifth Wheel Inc., Bossgoo Co. Ltd., CTE S.p.A., SwapLoader USA Ltd., Hydrosila Group, Jimeca S.A.U., Fassi Gru S.p.A., Mac's Lift Gate Inc., Meiller Group, VDL Containersystemen B.V., Multilift GmbH, Hidrokon LLC, Hydrauliska Industri AB, Epsilon Kran GmbH, ZWEIWEG International GmbH, Jonsered Cranes AB, Bergé Group, Gamzen LLC
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Top Trend - Key Players Revolutionizing Waste Management In Hook Lift And Skip Loader Market
Major companies operating in the hook lift and skip loader market are focusing on developing advanced solutions such as telescopic hooklifts to meet the increasing demand for more efficient and versatile waste management solutions in various industries and sectors. A telescopic hooklift is a specialized lifting mechanism designed to load, transport, and unload containers or bodies of varying sizes and weights using an extendable arm with a hook at its end. For instance, in December 2023, Stellar Industries, a US-based manufacturer of mechanic trucks, cranes, and hooklifts, launched the NXT40 hooklift. It is a strong but lightweight unit capable of loading, unloading, and dumping various truck bodies. The NXT40, the newest addition to the NXT Series of telescopic hooklifts, incorporates a Z-channel base design and a universal body latching system. Specifically designed for tandem axle chassis, this 40,000-pound capacity hoist features a hook height range of 54 to 61.75 inches and includes a rectangular-style secondary jib. Offering a minimal lost load height of about 10.5 inches, this hooklift boasts a low profile, enabling a lower vertical center of gravity and the capability to accommodate subframe heights as low as 6 inches.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hook Lifts and Skip Loaders Market Characteristics
3. Hook Lifts and Skip Loaders Market Trends And Strategies
4. Hook Lifts and Skip Loaders Market - Macro Economic Scenario
5. Hook Lifts and Skip Loaders Market Size And Growth
…..
27. Hook Lifts and Skip Loaders Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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