Lifting Hooks Market to Surge to USD 275.0 Million by 2035, Fueled by Infrastructure Growth and Automation Advancements

The global lifting hooks market, valued at USD 175.4 million in 2025, is projected to reach USD 275.0 million by 2035, growing at a CAGR of 4.5%, according to a new report by Fact.MR. This growth is driven by booming infrastructure development, stringent safety regulations, and the increasing integration of automated lifting solutions across industries such as construction, logistics, and manufacturing.

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Market Valuation and Growth Projections

The global lifting hooks market is set to grow from USD 175.4 million in 2025 to USD 275.0 million by 2035, achieving a steady CAGR of 4.5% during the forecast period. From 2020 to 2024, the market exhibited a historic CAGR of 4.1%, driven by rising demand for reliable lifting solutions in construction and logistics. Key growth factors include global infrastructure investments, the e-commerce-driven logistics boom, and advancements in safety-compliant lifting hooks.

Key Market Drivers

The lifting hooks market is propelled by rapid urbanization and industrial expansion, particularly in emerging economies like China and India. Global infrastructure projects, such as smart cities, bridges, and railways, are increasing demand for lifting hooks used in cranes and hoists. The rise of e-commerce has transformed logistics, requiring efficient material handling systems in warehouses. Stringent safety regulations from OSHA, ISO, and EN are driving innovation in safety-enhanced lifting hooks, featuring overload indicators, fail-safe mechanisms, and corrosion-resistant coatings. The adoption of automation in cranes and hoists further amplifies demand for advanced lifting hooks.

Segmentation Insights: Material Type, Hook Type, End-Use, and Region

The market is segmented by material type (Alloy Steel, Carbon Steel, Stainless Steel, Others), hook type (Eye Hooks, Clevis Hooks, Swivel Hooks, Foundry Hooks, Others), end-use (Construction, Logistics & Warehousing, Oil & Gas, Marine & Shipbuilding, Mining, Manufacturing, Others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Middle East & Africa). Alloy steel leads with a 36% market share in 2025, valued for its durability in heavy-duty applications. Eye hooks dominate due to their versatility in rigging, while clevis hooks are growing rapidly in oil & gas and mining. The construction sector holds the largest share, with logistics & warehousing as the fastest-growing segment due to e-commerce expansion. Asia-Pacific commands a leading share, driven by China's 6.3% CAGR.

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Regional Market Dynamics

Asia-Pacific holds the largest market share, with China leading at a 6.3% CAGR, driven by the Belt and Road Initiative, urbanization, and e-commerce growth. China's robust shipbuilding and industrial sectors further boost demand. North America, with the United States as a key player, benefits from the Biden administration's infrastructure bill and renewable energy projects like offshore wind farms, with a steady growth trajectory. Europe, led by Germany, is driven by Industry 4.0 initiatives and strict EU safety standards. South Asia & Pacific and Middle East & Africa are emerging markets, with India and GCC countries showing strong growth due to industrial and port infrastructure development.

Competitive Landscape and Key Players

The lifting hooks market is highly competitive, with global leaders like Crosby Group, Gunnebo Industries AB, Columbus McKinnon Corporation, Van Beest B.V., Peerless Industrial Group, Rud Ketten, YOKE Industrial Corp, KITO Corporation, and Elephant Lifting Products driving innovation. Recent developments include:
• April 2025: KITO Corporation partnered with a European crane manufacturer to integrate precision-engineered lifting hooks into automated systems, enhancing safety and efficiency.
• January 2025: Columbus McKinnon Corporation acquired Kito Crosby for USD 2.7 billion, strengthening its position as a global leader in material handling equipment.

These companies are investing in R&D for lightweight, corrosion-resistant alloys and IoT-integrated hooks for predictive maintenance. Strategic mergers and global trade show participation are expanding their reach, particularly in Asia-Pacific and Latin America.

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Industry Trends and Innovations

The market is shaped by trends like automation integration, with hooks designed for automated cranes, and sustainability, with eco-friendly materials gaining traction. IoT-based monitoring systems for load and wear tracking are enhancing predictive maintenance. The rise of offshore wind farms, smart city projects, and e-commerce logistics is driving demand for specialized, high-performance hooks. Innovations in heat-treated alloys and anti-corrosion coatings are improving durability in harsh environments like marine and mining.

Challenges and Future Outlook

Challenges include the high cost of certified lifting hooks, limiting adoption in price-sensitive markets, and counterfeit products undermining safety. Supply chain disruptions for high-grade alloy steel and geopolitical uncertainties pose risks. However, the market's future is promising, driven by ongoing infrastructure investments, stricter safety regulations, and automation advancements. Comprehensive training programs for end-users are essential to reduce accidents and support market expansion through 2035.

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