Lifting Rings Market Report 2025 (Global Edition)

Global Lifting Rings Market Report 2025 Market Size Split by Type Outlook: (Center Pull Lifting Rings, Side Pull Lifting Rings, Others), by Application Outlook: (Construction, Marine, Energy, Mold and...

Lifting Rings Market Report Description

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Lifting Rings Market Insights Video

Competitive Landscape of the Lifting Ring Market

The existence of numerous significant international and regional competitors defines the competitive environment of the lifting ring market. Top businesses compete on the basis of product quality, innovation, safety features, and personalization. To fulfill industry standards, major players concentrate on improving product durability, safety certifications, and the introduction of innovative materials. Low-cost manufacturers are another threat to the industry, particularly in emerging nations, where they may put pressure on established companies' prices. Increasing market presence is often accomplished through strategic alliances, mergers, and acquisitions. Companies also spend resources on research and development to create cutting-edge lifting rings that can be used in a variety of industrial settings and boost productivity.

In October 2023, The lifting and security industry leader Kito Crosby announced the introduction of its new, cohesive corporate brand. Through the announced strategic business combination of KITO Corporation and The Crosby Group, two industry leaders' knowledge and traditions have been merged to form a stronger organization that is better able to spur innovation and raise industry standards. (Source: https://news.thecrosbygroup.com/news/kito-crosby-unveils-new-corporate-brand-raise-your-world) In August 2023, Kito Crosby, a prominent producer of lifting and security systems, announced its 2023 Lifting for the Troops initiative in support of the Children of Fallen Patriots Foundation. (Source: https://news.thecrosbygroup.com/news/lifting-for-the-troops-campaign-2023) In January 2023, The Crosby Group, a prominent supplier of lifting and rigging solutions, and KITO CORPORATION, a prominent material handling equipment manufacturer with nine decades of expertise in hoist and crane development and production, declared the completion of their joint venture combination. (Source: https://news.thecrosbygroup.com/news/the-crosby-group-and-kito-corporation-complete-business-combination)

Top Companies Market Share in Lifting Rings Industry: (In no particular order of Rank)

• Crosby Group
• RUD
• CODIPRO (Alipa)
• Jergens
• Inc.
• YOKE Industrial
• J.D. Theile GmbH & Co. KG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Lifting Ring Market

Which Region Dominates the Lifting Ring Market in 2024?

According to Cognitive Market Research, North America currently dominates the Lifting Ring market, and the region is expected to have significant growth during the projected period. The mining, oil and gas, construction, and logistics industries are the main drivers of the lifting ring market in North America. Current infrastructure projects, especially those in the United States and Canada, provide substantial growth prospects since they call for solutions for heavy lifting. Another factor driving up demand for lifting rings is the region's emphasis on renewable energy sources, such as wind farm projects. Further driving market expansion are technological developments in material handling and a growing focus on worker safety. Furthermore, the implementation of automated systems in various industries creates new prospects for long-lasting, high-performance lifting rings intended for precise and demanding tasks.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Rapid urbanization, infrastructural development, and industrialization are contributing to the lifting ring market's strong expansion in the Asia-Pacific region. The need for lifting rings in construction is being increased by nations like China and India making significant investments in expansive infrastructure projects including smart cities, railroads, and highways. The need for heavy-lifting solutions in a variety of sectors has been driven by China's Belt and Road Initiative (BRI). Market expansion is also aided by the rise of the mining sector in the region, particularly in Australia and Indonesia. The market's development prospects are further enhanced by the rise of renewable energy initiatives, including wind farms in Japan, and increased automation in manufacturing.

The current report Scope analyzes Lifting Rings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Lifting Rings Market Analysis

According to Cognitive Market Research, the global Lifting Ring market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Lifting Ring market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The need for lifting rings in US construction is driven by increased investment in infrastructure projects, such as bridges and highways.
• The Canada Lifting Ring market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Durable lifting rings are necessary for the mining and oil industries to handle large loads in difficult conditions in Canada.
• The Mexico Lifting Ring market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Lifting Rings Market Analysis

According to Cognitive Market Research, the global Lifting Ring market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Lifting Ring market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, the need for lifting rings is rising due to an increase in residential and commercial construction projects.
• The France Lifting Ring market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Lifting Ring market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. Germany's reputation for precision engineering increases the demand for superior lifting solutions.
• The Italy Lifting Ring market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russian Lifting Ring market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Lifting Ring market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Lifting Ring market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Lifting Ring market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Lifting Ring market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Lifting Ring market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Lifting Rings Market Analysis

According to Cognitive Market Research, the global Lifting Ring market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Lifting Ring market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. China, a major center for manufacturing worldwide, demands dependable lifting rings for storage and transportation.
• The Japan Lifting Ring market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The India Lifting Ring market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Large investments in infrastructure, such as highways and railways, stimulate the demand for lifting rings in Indian construction.
• The South Korean Lifting Ring market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Lifting Ring market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Lifting Ring market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Lifting Ring market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.

South America Lifting Rings Market Analysis

According to Cognitive Market Research, the global Lifting Ring market size was estimated at USD XX Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Lifting Ring market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Brazil's market is expanding due to the demand for lifting equipment in the agricultural and associated industries.
• Argentina's Lifting Ring market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In Argentina, there is a growing need for lifting rings due to the handling of agricultural gear and mining activities.
• Colombia Lifting Ring market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• Peru Lifting Ring market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• Chile's Lifting Ring market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Lifting Ring market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East Lifting Rings Market Analysis

According to Cognitive Market Research, the global Lifting Ring market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The GCC Countries Lifting Ring market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024. The demand for lifting rings in GCC countries is supported by significant investments in infrastructure and construction projects.
• The Egypt Lifting Ring market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.
• The South African Lifting Ring market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024. The demand for lifting rings in South Africa is increased by a robust mining industry, particularly for minerals like gold and platinum.
• The Turkey Lifting Ring market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Lifting Ring market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Lifting Ring market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.

Lifting Rings Market Analysis

How are Segments Performing in the Global Lifting Ring Market?

Lifting Ring Market Type Segment Analysis

According to Cognitive Market Research, center pull lifting rings are likely to dominate the Lifting Ring Market over the forecast period. The escalating demand for safe and dependable lifting solutions in the manufacturing, logistics, and construction industries is driving the demand for center pull lifting rings. Because they can distribute loads evenly, these rings are appreciated for lowering the chance of equipment failure. Additional factors driving market demand include increased investments in industrial automation and infrastructure development in areas like North America and Asia-Pacific. Furthermore, novel advances in material science, such as high-strength alloys, improve the safety and longevity of products, which helps them be used in more heavy-duty applications.

Side pull lifting rings are the fastest-growing segment in the Lifting Ring Market. The market for lifting rings is seeing an increase in demand for side pull lifting rings because of their adaptability and capacity to support tilted loads. In sectors where accurate load handling is essential, like heavy machinery, automotive, and aerospace, these rings are very popular. Their design makes it possible to pull in multiple directions, which is perfect for non-vertical lifts and cramped areas. Workplace safety and increased industrialization, particularly in North America and Europe, are driving their uptake. Further driving the need for side pull lifting rings are technological advancements in material strength and load-bearing capability.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lifting Rings Industry. Request a Free Sample PDF!

Lifting Ring Market Application Segment Analysis

According to Cognitive Market Research, the construction segment holds the largest share of the market. Lifting rings are in high demand in the construction sector because of their crucial function in securely lifting and transporting large objects, equipment, and structural elements. Reliable lifting solutions are now more important than ever due to continuing infrastructure and urbanization initiatives, especially in areas like the Middle East and Asia-Pacific. In crane operations, load securing, and rigging applications where weight distribution and safety are vital, lifting rings are essential. The market for lifting rings is expanding as a result of improvements in safety regulations and high-strength materials, which further increase their allure and make them essential for major building projects.

In the Lifting Ring Market, the marine sector has been expanding at a rapid pace. Due to their vital function in handling big loads in shipbuilding, port operations, and offshore activities, lifting rings are in high demand in the marine industry. These rings are used to secure and hoist big components, freight, and maritime equipment in harsh conditions where durability and corrosion resistance are crucial. The growth of marine infrastructure, particularly in Asia-Pacific and Europe, and the increase in international trade are driving up demand. The marine industry is adopting lifting rings as a result of the increased demand for reliable lifting solutions brought on by offshore oil and gas exploration as well as renewable energy projects like wind farms.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Lifting Rings Distribution Channel Segment Analysis

Lifting Ring Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the online segment holds the largest share of the market. The expanding automation of industrial procurement processes and the ease of e-commerce are driving an increase in demand for lifting rings through online channels. Customers may easily compare products and prices due to the extensive selection of lifting rings with comprehensive specifications offered by online platforms. In an effort to obtain high-quality lifting solutions more quickly, both larger businesses and small and medium-sized businesses (SMEs) are increasingly using Internet platforms. The growth of industrial markets and business-to-business e-commerce platforms, particularly in North America and Europe, is aiding this transition even more. The trend promotes the market growth by reaching more people around the world. 

In the Lifting Ring Market, the offline channel has been expanding at a rapid pace. The demand for lifting rings through offline channels is still high, especially in sectors where it is desired to evaluate heavy-duty equipment in person. Specialized retailers, distributors, and industrial suppliers nevertheless account for a sizeable share of the industry, particularly in industries like manufacturing, construction, and shipping, where prompt delivery or tailored solutions are necessary. Numerous businesses depend on long-standing connections with regional vendors for product availability, technical assistance, and post-purchase support. Regions like regions of Asia-Pacific and Latin America that have lower internet penetration or prefer traditional procurement methods also contribute to the ongoing demand for offline channels.
 

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Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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