Lifting Accessories Market By Product Type (Shackles, Slings, Hooks, Lifting Clamps, Eyebolts, Spreader Beams, Swivels); By Material (Alloy Steel, Carbon Steel, Stainless Steel, Synthetic Fibers); By End-User Industry (Construction & Infrastructure, Manufacturing, Logistics & Warehousing, Marine & Offshore, Mining & Heavy Equipment); By Geography, Segment Revenue Estimation, Forecast, 2024–2030

Introduction And Strategic Context

The Global Lifting Accessories Market will expand steadily at a CAGR of 5.9%, with a valuation of USD 6.2 billion in 2024, projected to reach USD 9.3 billion by 2030, according to Strategic Market Research.

 

Lifting accessories are the backbone of modern material handling systems — they connect the load to lifting machinery such as cranes, hoists, and winches. These accessories include shackles, eyebolts, lifting beams, spreader bars, clamps, chain slings, hooks, and swivels, among others. From high-rise construction to shipbuilding, logistics centers, wind farms, and heavy engineering, these tools are essential wherever loads are moved or suspended safely.

 

In 2024, the market’s relevance has shifted beyond just safety or compliance. It’s now a strategic lever for operational uptime, workforce safety, and cost efficiency. One missed inspection or weak link in a lifting chain can halt an entire job site. That’s why companies are investing not just in hardware — but in smart lifting systems with traceable load histories, RFID-enabled tracking, and digital inspection logs.

 

Several global forces are shaping this transition. Construction and infrastructure investments are picking up across emerging economies, particularly in Southeast Asia and the Middle East. In parallel, offshore wind installations and modular manufacturing plants are demanding accessories that can handle more complex, heavier, and non-standard loads.

 

Regulatory bodies like OSHA (U.S.), HSE (U.K.), and EN standards (Europe) are also tightening the net around lifting safety. End-users must prove compliance not just with equipment specs, but also with how often accessories are inspected, serviced, and retired. This is creating an opportunity for third-party inspection services and digital compliance platforms to integrate with lifting accessory fleets.

 

OEMs are responding by launching corrosion-resistant shackles, dual-purpose clamps, and lightweight high-strength synthetic slings that reduce manual handling injuries. At the same time, rental companies and industrial distributors are expanding their lifting accessory inventories, offering everything from certified gear to training modules.

 

The market is no longer just about rugged metal parts. It’s now about traceability, modularity, and meeting the demands of increasingly automated and high-risk job sites.

Stakeholders in this ecosystem are varied. Original Equipment Manufacturers (OEMs) lead product innovation. Construction and logistics firms are the main buyers, often through rental intermediaries. Inspection and certification agencies provide regulatory assurance. And digital solution providers are adding layers of IoT, tagging, and software intelligence to what was once an analog business.

 

Market Segmentation And Forecast Scope

The Global Lifting Accessories Market can be segmented across four major dimensions: by product type, by material, by end-user industry, and by region. This segmentation framework provides a practical view of how demand varies across use cases, operational environments, and buyer priorities.

 

By Product Type, the market includes shackles, slings, lifting clamps, hooks, swivels, eyebolts, spreader beams, and lifting beams. Among these, slings—especially synthetic and chain slings—hold a substantial share due to their versatility and weight-handling range. In 2024, chain slings alone are estimated to account for over 28% of total revenues, thanks to their use in shipyards, foundries, and heavy equipment manufacturing. That said, the fastest-growing sub-segment is expected to be lifting beams, owing to increased demand from offshore wind projects and modular infrastructure assembly.

 

By Material, lifting accessories are typically manufactured using carbon steel, alloy steel, stainless steel, and synthetic fibers. Each material type is selected based on load characteristics and environmental exposure. For example, alloy steel shackles dominate in high-load industrial applications, while synthetic slings are gaining ground in logistics due to their lightweight nature and reduced risk of damage to delicate loads. Stainless steel remains the preferred choice for marine and offshore settings due to corrosion resistance.

 

By End-User Industry, key segments include construction, manufacturing, logistics and warehousing, marine, energy (including renewables), and mining. Among these, the construction industry accounts for the largest share in 2024, primarily driven by megaprojects in Asia and the Middle East. Logistics and warehousing, on the other hand, are seeing steady adoption of certified lifting gear as part of warehouse automation and compliance upgrades.

What’s interesting is that lifting accessories are no longer seen as commodity items in these sectors. Instead, they’re now viewed as engineered safety tools — driving new procurement logic centered on lifecycle cost, compliance support, and digital traceability.

 

By Region, the market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Regional breakdowns are covered in detail in Section 5.

This segmentation also frames the forecast scope for the market from 2024 to 2030. During this period, synthetic slings and digitally enabled accessories are expected to grow the fastest across all verticals, as safety norms tighten and manual labor becomes more expensive and harder to source.

 

Market Trends And Innovation Landscape

The Global Lifting Accessories Market is undergoing a subtle but critical transformation — from standardized hardware to smarter, safer, and more traceable lifting solutions. While the core function of these accessories hasn’t changed in decades, the way they’re designed, manufactured, tracked, and maintained is shifting rapidly.

 

One of the most significant developments is the integration of digital traceability technologies. Lifting accessories are now increasingly embedded with RFID tags, QR-coded serial numbers, or Bluetooth low-energy chips. This enables automatic inspection tracking, lifecycle documentation, and compatibility checks with connected lifting machinery. It also creates a digital paper trail that’s vital for compliance audits and insurance claims.

Experts in industrial safety are calling this “the beginning of the connected rigging system,” where every hook or shackle has a digital identity and traceable usage log.

 

On the materials front, the industry is shifting away from standard steel to lighter, corrosion-resistant alloys and synthetic fibers. High-strength polyester and Dyneema -based slings are gaining traction, particularly in aerospace logistics, power transmission work, and cleanroom-based manufacturing. These alternatives reduce weight, improve worker ergonomics, and lower the risk of damaging delicate surfaces.

 

In terms of manufacturing, the application of computer-aided design (CAD) and finite element analysis (FEA) is making a visible impact. Manufacturers are now optimizing load distribution, stress points, and fatigue resistance during the design phase — reducing over-engineering while maintaining safety margins. Additive manufacturing is also beginning to play a role in prototyping complex accessory geometries, though full production remains rare.

 

The innovation curve is also being influenced by cross-industry collaboration. Lifting accessory OEMs are forming alliances with software developers, asset tracking companies, and even drone inspection startups. For example, new inspection drones are being tested to scan lifting gear for surface cracks or wear, removing the need for scaffolding or manual handling in high-risk zones.

 

Another trend worth noting is the rise of certification-as-a-service models. Instead of simply selling a product, some companies now offer lifting accessories bundled with inspection reminders, compliance documentation, and even replacement alerts — all delivered through a connected platform. This shift from product sale to lifecycle service is reshaping how procurement teams measure total cost of ownership.

 

The regulatory environment is a parallel driver of innovation. With regions like the EU enforcing EN 1677 standards and the U.S. expanding OSHA enforcement scope, manufacturers are under pressure to constantly update their designs and documentation processes.

 

Competitive Intelligence And Benchmarking

The Global Lifting Accessories Market is moderately consolidated, with a blend of long-established industrial manufacturers and emerging digital-focused players. The competitive dynamic revolves around safety certification, product durability, digital integration, and regional customization rather than price wars alone.

 

Among leading players, established brands such as Crosby Group, Gunnebo Industries, Columbus McKinnon Corporation, KITO Corporation, RUD Group, Van Beest, and Lift-All Company dominate in global supply chains. Their leadership stems from decades of experience in safety compliance, testing infrastructure, and certified product portfolios that meet ISO, ASME, and EN standards.

 

Crosby Group remains one of the most recognized names globally, known for its broad product range and rigorous in-house testing capabilities. The company continues to expand its portfolio through strategic acquisitions, focusing on digital rigging management systems and asset tracking tools that enhance equipment visibility. Its emphasis on certification-backed assurance positions it strongly among high-risk industries such as oil & gas and offshore construction.

 

Gunnebo Industries, headquartered in Sweden, continues to specialize in chain and lifting components. Its competitive edge lies in advanced metallurgy and quality consistency. Gunnebo has invested in eco-friendly production technologies and extended its reach in Asia Pacific through distribution partnerships.

 

Columbus McKinnon Corporation has gradually evolved from a mechanical hoist manufacturer to a provider of comprehensive lifting systems. Its strategy blends mechanical hardware with digital lifting intelligence — integrating sensors and predictive monitoring tools across select accessories. The company’s acquisition of niche rigging firms has helped expand its certified lifting accessories range.

 

RUD Group, based in Germany, is widely respected for innovation in lifting points and chain systems. The brand’s engineering depth and emphasis on traceable product IDs give it a solid foothold in Europe’s regulated markets. Its recent efforts in digitized product tracking under the RUD ID System are setting new benchmarks in asset lifecycle management.

 

KITO Corporation, a Japan-based leader in lifting and hoisting, maintains a strong presence across Asia. Its lifting accessories division has been integrating lighter and more ergonomic components targeted at manufacturing and logistics clients. The company’s focus on automation compatibility — especially in robotics-based handling systems — provides a future-ready advantage.

 

Van Beest, a Dutch manufacturer, is a well-known supplier of shackles and accessories under the Green Pin brand. It differentiates through corrosion-resistant coatings and customized offshore lifting solutions. The company’s focus on sustainable steel production aligns with Europe’s decarbonization agenda, helping it win contracts in green energy projects.

 

Meanwhile, Lift-All Company in the U.S. has built its niche through flexible lifting solutions like synthetic web slings and round slings. Their quick-turnaround customization capability and strong distributor relationships have made them a preferred partner for industrial and logistics clients in North America.

 

Across the industry, smaller regional players remain highly competitive in cost-sensitive markets, especially in Southeast Asia and Africa, where localized manufacturing and lower certification costs offer an advantage. However, these players face growing challenges in matching the traceability and compliance standards demanded by multinational buyers.

 

Partnerships and consolidation are defining the market’s direction. Over the past two years, several mid-tier lifting manufacturers have merged with inspection and testing firms to offer bundled solutions — including certification, digital tracking, and on-site maintenance. This approach has begun to reshape procurement behavior, as buyers prefer integrated service providers over standalone hardware suppliers.

 

Regional Landscape And Adoption Outlook

The Global Lifting Accessories Market shows diverse regional dynamics, influenced by industrial maturity, safety legislation, and infrastructure investment patterns. While developed regions dominate in certified equipment adoption, emerging economies are driving the next wave of volume growth through large-scale infrastructure and logistics expansion.

 

North America remains a mature but innovation-driven market. The United States and Canada continue to lead global adoption, supported by strict compliance standards under OSHA, ANSI, and ASME regulations. These frameworks require regular inspection and documentation of all lifting gear, fueling demand for traceable and certified accessories. Industrial growth in manufacturing and logistics is further sustained by the rapid expansion of warehousing, e-commerce, and energy projects. Companies across the U.S. Gulf Coast and Midwest are particularly investing in corrosion-resistant and digitally tagged accessories, integrating asset tracking into their broader safety systems. In short, this region values assurance and traceability as much as physical performance.

 

Europe presents a well-regulated and environmentally conscious market, emphasizing safety, sustainability, and lifecycle management. Nations such as Germany, the United Kingdom, and the Netherlands are known for their high inspection frequencies and adherence to EN 1677 and LOLER standards. European buyers often demand documentation trails for every component — including load tests, material certificates, and retirement timelines. The region is also pushing innovation in sustainable metallurgy, including low-emission steel production for lifting gear. Offshore wind installations in the North Sea are a major growth driver, creating demand for highly specialized spreader beams and shackle systems resistant to saltwater corrosion. Meanwhile, Eastern Europe is seeing growing investments in construction and port logistics, gradually expanding market participation among mid-tier regional manufacturers.

 

Asia Pacific is the fastest-growing region in the lifting accessories landscape, propelled by rapid industrialization, urban construction, and port infrastructure expansion. China and India together account for a major share of regional demand. China’s large-scale construction and shipbuilding industries have made it a global manufacturing hub for both domestic and export-grade lifting accessories. However, increasing quality requirements from local authorities are shifting production toward higher-grade, certified systems. India, meanwhile, is seeing momentum from government initiatives like “Make in India” and “ Bharatmala ,” which are driving construction and logistics projects across highways, metro systems, and industrial corridors. Japan and South Korea are emerging as innovation hubs, emphasizing automation-ready accessories for use in robotic and smart factory environments. Australia continues to drive demand from mining and offshore energy sectors, where ruggedized lifting solutions dominate.

 

Latin America is gradually expanding its market base through industrial and port infrastructure upgrades, led by Brazil and Mexico. In this region, safety regulations are still evolving, but multinational firms are enforcing global lifting standards internally. Local manufacturers often supply entry-level hardware, while imports from Europe and North America dominate high-end applications. There’s also increasing use of synthetic lifting slings in logistics and automotive manufacturing, reflecting growing awareness of ergonomics and operator safety.

 

The Middle East and Africa (MEA) present a mixed growth profile. The Middle East, particularly the UAE, Saudi Arabia, and Qatar, is investing heavily in construction, oil & gas, and offshore lifting applications. As megaprojects like NEOM and regional renewable energy plants expand, certified and corrosion-resistant accessories are gaining traction. Africa, while smaller in volume, is gradually adopting modern lifting standards in ports, mining operations, and logistics hubs across South Africa, Kenya, and Nigeria. Public-private partnerships and foreign investment in infrastructure projects are expected to support moderate but consistent market growth through 2030.

 

Regional adoption trends make one thing clear: compliance and modernization are converging. North America and Europe are prioritizing lifecycle traceability and environmental standards, while Asia Pacific, the Middle East, and Latin America are driving the next expansion phase through construction and logistics growth. By 2030, Asia Pacific is likely to emerge as the largest regional market by volume, while Europe will retain leadership in safety and certification sophistication.

 

End-User Dynamics And Use Case

The Global Lifting Accessories Market serves a wide network of industries that depend on safe, repeatable, and high-precision material handling. Unlike lifting machinery—which represents a capital investment—accessories are part of recurring procurement cycles tied to maintenance, safety audits, and certification renewals. Understanding how end users approach selection, usage, and replacement provides critical insight into where this market’s real momentum lies.

 

Construction and Infrastructure remain the largest consumer segment for lifting accessories in 2024. Tower cranes, mobile cranes, and gantry systems on large job sites rely heavily on shackles, chain slings, hooks, and spreader beams for daily operations. As megaprojects expand across Asia Pacific, the Middle East, and parts of Europe, project managers are focusing on compliant gear with traceable serial numbers and built-in inspection logs. Contractors now favor accessories with pre-certified load ratings to avoid delays during government or safety audits. The trend is particularly visible in countries enforcing stricter worker safety laws, such as the U.K., Saudi Arabia, and Singapore.

 

Manufacturing and Industrial Plants represent another critical segment. Factories in sectors such as automotive, heavy engineering, and shipbuilding integrate lifting accessories into both assembly and maintenance workflows. Accessories used here must support repetitive, controlled lifting rather than one-time heavy lifts. For instance, rotating hooks and self-locking clamps are increasingly preferred for repetitive material transfers within robotic and semi-automated environments. These facilities also prioritize ergonomic accessories that minimize operator fatigue and comply with occupational safety norms.

 

Logistics and Warehousing have emerged as a fast-growing user group. The rapid expansion of e-commerce and just-in-time supply chains has created massive demand for lifting and rigging solutions suited for fast-moving goods and containerized transport. Operators in this segment are adopting lightweight and modular accessories—such as synthetic slings and quick-release shackles—that can be deployed rapidly and stored compactly. As warehouses automate, digital tracking systems that monitor sling usage and inspection dates are gaining prominence, often integrated into the facility’s enterprise resource planning (ERP) systems.

 

Marine, Offshore, and Energy Sectors account for specialized applications. Offshore oil platforms, wind turbines, and shipyards demand corrosion-resistant, load-tested, and high-performance gear. Stainless steel shackles and duplex lifting beams dominate here, while accessories designed for dynamic load compensation—handling wave and wind motion—are seeing growing use. In renewable energy, especially offshore wind and hydro projects, custom-engineered lifting systems are being deployed for blade transport, nacelle assembly, and tower installations, all requiring precision-rated components.

 

Mining and Heavy Equipment Handling contribute a smaller but vital share. Mines use lifting accessories for maintenance and repair of heavy vehicles, conveyor systems, and structural assemblies. These settings demand accessories with extreme load capacity and wear resistance, often manufactured with alloy steel or heat-treated components. Maintenance intervals are short, and replacement cycles are frequent, creating consistent demand from mining contractors and support service firms.

 

One emerging pattern across all industries is the shift toward managed lifting fleets. Rather than owning and maintaining all lifting accessories internally, some large industrial firms are outsourcing inspection, certification, and even inventory management to third-party service providers. This allows for centralized compliance records and reduces downtime during audits.

 

For instance, a leading offshore construction firm in Norway adopted a digital rigging management system that tracks more than 10,000 individual lifting accessories via RFID tags. Within a year, inspection delays dropped by 35%, and the company achieved full traceability across its global fleet — setting a new benchmark for operational safety and compliance transparency.

 

That use case reflects a broader truth: as industrial operations scale, the smallest components are becoming key to system-wide reliability. Lifting accessories may represent a small fraction of project cost, but they directly influence uptime, safety, and operational integrity.

 

Recent Developments + Opportunities & Restraints

The Global Lifting Accessories Market has entered a period of technological and structural evolution, shaped by increasing safety mandates, digital inspection systems, and the growing influence of modular construction and renewable energy projects. Over the last two years, manufacturers have focused on redesigning products for sustainability, traceability, and operator efficiency.

Recent Developments (Last 2 Years)

• Crosby Group expanded its digital solutions portfolio by introducing smart shackles equipped with load sensors and wireless data transmission modules, enabling real-time monitoring of lift operations.

• Columbus McKinnon Corporation launched a remote monitoring system for lifting gear that tracks accessory performance metrics and maintenance cycles through cloud-based analytics.

• RUD Group unveiled a new lifting point series with enhanced corrosion resistance and digital identification, tailored for offshore and heavy industrial applications.

• Gunnebo Industries developed lightweight grade 120 alloy steel chain components designed to improve ergonomic handling and reduce operator strain in construction sites.

• Van Beest introduced a fully recyclable shackle line under its Green Pin brand, aligning with Europe’s sustainability regulations and low-emission steel production goals.

• Several rental companies in Asia Pacific began adopting centralized digital inspection platforms, creating integrated databases for certification and load testing documentation.

• A rise in private equity activity has been noted across regional lifting accessory suppliers, aimed at scaling production capacity and accelerating the integration of digital asset management systems.

 

Opportunities

• Integration of Smart Technologies: Widespread adoption of IoT-enabled lifting gear, including RFID and wireless load monitoring, is paving the way for predictive maintenance and automated compliance tracking.

• Growth in Infrastructure and Renewable Energy: Expanding investments in offshore wind farms, smart cities, and large-scale transportation projects are driving increased demand for certified, heavy-duty lifting accessories.

• Sustainability and Green Manufacturing: Rising preference for recyclable materials, energy-efficient forging processes, and lightweight synthetic slings creates long-term growth avenues for eco-conscious manufacturers.

• Third-Party Inspection and Lifecycle Management Services: As safety compliance becomes complex, there’s growing opportunity for service providers offering inspection, certification, and replacement lifecycle contracts.

• Emerging Market Penetration: Construction booms across Southeast Asia, Africa, and Latin America are opening new markets where affordable, semi-certified lifting solutions are seeing rapid adoption.

 

Restraints

• High Cost of Certified Equipment: Premium-grade lifting accessories often carry higher manufacturing and certification costs, limiting adoption among smaller contractors and regional players.

• Shortage of Skilled Inspectors and Technicians: Many developing markets face a gap in qualified personnel trained to inspect and certify lifting gear according to global safety standards.

• Fragmented Regulations: Inconsistent regional safety frameworks make standardization difficult, complicating export and global supply chain operations for manufacturers.

• Raw Material Price Volatility: Fluctuating costs of steel and synthetic fibers continue to affect production economics, especially in regions dependent on imported raw materials.

 

7.1. Report Coverage Table

Report Attribute	Details
Forecast Period	2024 – 2030
Market Size Value in 2024	USD 6.2 Billion
Revenue Forecast in 2030	USD 9.3 Billion
Overall Growth Rate	CAGR of 5.9% (2024 – 2030)
Base Year for Estimation	2024
Historical Data	2019 – 2023
Unit	USD Million, CAGR (2024 – 2030)
Segmentation	By Product Type, By Material, By End-User Industry, By Geography
By Product Type	Shackles, Slings, Hooks, Lifting Clamps, Eyebolts, Spreader Beams, Swivels
By Material	Alloy Steel, Carbon Steel, Stainless Steel, Synthetic Fibers
By End-User Industry	Construction & Infrastructure, Manufacturing, Logistics & Warehousing, Marine & Offshore, Mining & Heavy Equipment
By Region	North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Country Scope	U.S., Canada, Germany, U.K., China, India, Japan, Brazil, Saudi Arabia, Australia
Market Drivers	- Increasing safety regulations and compliance enforcement - Rising infrastructure investments and renewable energy projects - Growing adoption of smart and traceable lifting systems
Customization Option	Available upon request