Global lifting hooks market exhibited a CAGR of 3.5%. High investments in construction, automotive, logistics, transportation, and several other industries, from where steady demand has been experienced, is a key stimulants driving this growth.

Stringent government regulations across industries are expected to induce the use of lifting hooks for various lifting and rigging tasks. All in all, lifting hook demand is likely to increase, expanding at a CAGR exceeding 3.5% throughout the 2020-2030 assessment period.

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Lifting Hooks Market- Competition Landscape

These aforementioned players rely on multiple expansion strategies to deepen their penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.

Companies operating in the lifting hooks market are aiming to increase their market share and geographical footprint through acquisitions in industries associated to lifting. Recent mergers & acquisitions that have taken place in the lifting hooks market are:

  • In 2007 Van Beest acquired the brand EXCEL. Under this brand, lifting hooks are produced in the company’s French factory.
  • Kito Corporation is one of the global leaders in the crane and hoist manufacturing business, and also has a strong material handling solution business. It acquired North America chain hook manufacturer Peerless Industrial Group to expand its business in North America.
  • The Crosby Group a leading manufacturer of premium accessories used in lifting, rigging, and securement applications, and acquired Gunnebo Industries, which is primarily into material handling and other related applications.

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Key Companies Profiled :

  • TOHO-Rongkee
  • Ketten Walder
  • The Crosby Group
  • Columbus McKinnon
  • Qingdao Sail Rigging Co., Ltd.
  • Irizar Forge
  • Yoke
  • Peerless Industrial Group
  • Van Beest
  • Pewag Group

Key Segments Covered of the Global Lifting Hooks Market

  • By Type :
    • Eye Hooks
      • With Latch
      • Without Latch
    • Clevis Hooks
      • With Latch
      • Without Latch
    • Swivel Hooks
      • With Latch
      • Without Latch
    • Grab Hooks
      • Eye Grab
      • Clevis Grab
    • Foundry Hooks
      • Eye
      • Clevis
  • By Working Load :
    • [1-5] ton
    • (6-12) ton
    • (12-23) ton
    • (23.0-32) ton
    • Over 32 ton

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Questionnaire answered in the Lifting Hooks Market report include:

  • How the market for Lifting Hooks has grown?
  • What is the present and future outlook of the global Lifting Hooks on the basis of region?
  • What are the challenges and opportunities for the Lifting Hooks?
  • Why the consumption of Lifting Hooks highest in region?
  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Lifting Hooks market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Lifting Hooks market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Lifting Hooks market and assists to create strategies to overcome the obstacles that may hinder the growth of the Lifting Hooks market.
  • Leverage: The Lifting Hooks market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Lifting Hooks market.

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