Global Lifting Shackles
Market Report
2025
The Global Lifting Shackles market size will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Lifting Shackles market size will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Lifting Shackles Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Lifting Shackles Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Lifting shackles play a vital role in a variety of industries by securely lifting heavy loads and objects. These essential components are usually crafted from strong materials like steel and are frequently utilized alongside cranes, hoists, or other lifting machinery. The demand for lifting shackles has been on the rise due to the increasing need for construction and infrastructure projects, as well as the rapid growth of industries like oil and gas, manufacturing, and transportation.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Lifting Shackles industry.
The Lifting Shackles market is the growing demand within the construction industry. With urbanization on the rise globally, there has been a surge in construction activities, including residential complexes, commercial spaces, and infrastructure projects. Lifting shackles play a crucial role in these construction projects, used for tasks such as lifting heavy equipment, steel beams, and other materials.
Møllerodden, a recent addition to GCE Ocean Technology, has obtained the patent from Inovatum Lifting AS in order to create a more streamlined and eco-friendly solution. Furthermore, the company is focused on designing a safer shackle that can be released hydraulically without the reliance on oil.
As architects and engineers design more ambitious structures, the need for reliable and robust lifting solutions intensifies. Moreover, stringent safety regulations in construction sites mandate the use of high-quality lifting shackles, driving the market further. The increasing emphasis on sustainable construction practices has also led to the adoption of innovative, eco-friendly materials, spurring the demand for specialized shackles tailored for these materials.
The Lifting Shackles market is the continuous advancements in material science and design technologies. Manufacturers are investing in research and development to create shackles from high-strength alloys and materials like stainless steel, enhancing their durability and load-bearing capacities. Additionally, innovative design modifications, such as self-locking mechanisms and anti-corrosive coatings, enhance the longevity and performance of lifting shackles. These developments not only ensure the safety of lifting operations but also reduce maintenance costs for businesses. The integration of smart technologies, such as IoT sensors for real-time monitoring of load capacities and wear, further enhances the market.
The Lifting Shackles market is market saturation, leading to intense competition among manufacturers and suppliers. The market is inundated with numerous players, both regional and international, offering a wide range of lifting shackles. This saturation often leads to a price war, where companies reduce their prices to attract customers, impacting profit margins. Additionally, smaller businesses find it hard to compete with well-established companies in terms of product innovation and marketing strategies. This competitive landscape creates a barrier for new entrants, limiting the scope for smaller or emerging manufacturers to gain a significant market share.
The COVID-19 pandemic had a significant impact on the global Lifting Shackles market. As the virus spread worldwide, strict lockdowns, disrupted supply chains, and a decrease in industrial activities led to a temporary slump in the market. Many construction projects were put on hold, and manufacturing activities slowed down, directly affecting the demand for lifting shackles. With economic uncertainties, businesses deferred their capital expenditures, affecting new shackle purchases. Moreover, restrictions on international trade hampered the availability of raw materials and components, causing delays in production schedules. On a positive note, the pandemic highlighted the need for automated and contactless operations, driving the demand for innovative, technologically advanced lifting shackles with remote monitoring capabilities.
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The competitive landscape of the Lifting Shackles market, several key players vie for prominence, driving innovation, quality, and reliability to the forefront. Established industry giants, such as Crosby Group, Van Beest, Green Pin, and Pewag, dominate the market with their extensive product portfolios and unwavering commitment to quality standards.
Top Companies Market Share in Lifting Shackles Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America stands tall as the largest region, commanding a substantial 40% share of the global market. The region's dominance can be attributed to its robust industrial and maritime sectors, both of which heavily rely on lifting shackles for a myriad of applications. The United States, in particular, emerges as the driving force behind North America's prominence, with its thriving shipbuilding industry, offshore drilling activities, and expansive construction projects fueling the demand for lifting shackles. In the maritime sector, dee shackles find extensive use, ensuring the secure hoisting and handling of heavy cargo on ships and offshore installations. Simultaneously, the construction industry in the USA heavily relies on bow shackles, which are instrumental in lifting heavy construction materials and equipment, ensuring the safety and efficiency of various projects. As the USA continues to invest in infrastructure and industrial developments, the demand for lifting shackles remains high, solidifying North America's position as the leading market for these essential lifting components.
The Asia Pacific region emerges as the fastest-growing hub, commanding a significant 20% share of the global market. This growth can be attributed to the region's burgeoning industrialization, rapid infrastructural developments, and a robust maritime industry. Across the Asia Pacific, nations like China, India, Japan, and South Korea are witnessing unprecedented growth in their construction and shipbuilding sectors, driving the demand for lifting shackles. Dee shackles are particularly prevalent in the maritime industry, ensuring the safe mooring and handling of cargo ships and offshore structures. In the construction sector, bow shackles find extensive use, facilitating the lifting of heavy materials and equipment at construction sites. The region's economic expansion, urbanization, and increasing investments in large-scale projects have created a substantial market for lifting shackles.
The current report Scope analyzes Lifting Shackles 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
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Lifting Shackles industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, North America stands tall as the largest region, commanding a substantial 40% share of the global market. The region's dominance can be attributed to its robust industrial and maritime sectors, both of which heavily rely on lifting shackles for a myriad of applications. The United States, in particular, emerges as the driving force behind North America's prominence, with its thriving shipbuilding industry, offshore drilling activities, and expansive construction projects fueling the demand for lifting shackles. In the maritime sector, dee shackles find extensive use, ensuring the secure hoisting and handling of heavy cargo on ships and offshore installations. Simultaneously, the construction industry in the USA heavily relies on bow shackles, which are instrumental in lifting heavy construction materials and equipment, ensuring the safety and efficiency of various projects.As the USA continues to invest in infrastructure and industrial developments, the demand for lifting shackles remains high, solidifying North America's position as the leading market for these essential lifting components.
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Lifting Shackles industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, Europe emerges as a key player, contributing significantly with a substantial market share of 32%. The region's robust growth is underpinned by a thriving industrial sector and stringent safety regulations, driving the demand for high-quality lifting shackles. In this diverse market, various segments, from marine to construction and beyond, are catered to, showcasing the versatility of these essential devices. Europe stands out for its commitment to innovation, with companies continually investing in research and development to enhance the efficiency, durability, and safety features of lifting shackles. Moreover, the region's focus on sustainability has led to the development of eco-friendly materials and manufacturing processes, aligning with the global shift towards greener technologies. Collaborations between established manufacturers and emerging startups further fuel the market, fostering a competitive yet innovative environment. As Europe embraces technological advancements, such as IoT integration and data analytics, the lifting shackles market in the region is poised for continuous growth.
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Lifting Shackles industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the Asia Pacific region emerges as the fastest-growing hub, commanding a significant 20% share of the global market. This growth can be attributed to the region's burgeoning industrialization, rapid infrastructural developments, and a robust maritime industry. Across Asia Pacific, nations like China, India, Japan, and South Korea are witnessing unprecedented growth in their construction and shipbuilding sectors, driving the demand for lifting shackles. Dee shackles are particularly prevalent in the maritime industry, ensuring the safe mooring and handling of cargo ships and offshore structures. In the construction sector, bow shackles find extensive use, facilitating the lifting of heavy materials and equipment at construction sites. The region's economic expansion, urbanization, and increasing investments in large-scale projects have created a substantial market for lifting shackles.
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Lifting Shackles industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, Latin America plays a significant role, contributing with a 5% market share. The region, characterized by its diverse industrial sectors including mining, construction, and oil and gas, drives the demand for lifting shackles. These essential components find extensive applications in heavy lifting operations, ensuring safety and efficiency across various projects. Latin America's growth in the lifting shackles market can be attributed to the expansion of infrastructure projects and the increasing focus on industrial safety regulations. The mining industry, in particular, relies heavily on lifting shackles for transporting heavy loads, further propelling the market's growth. Manufacturers in the region prioritize product quality and compliance with international safety standards, catering to the specific needs of the local industries. Latin America is the construction industry. Rapid urbanization and a surge in construction activities, including residential, commercial, and infrastructure projects, create a continuous need for reliable lifting solutions.
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Lifting Shackles industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, Middle East and Africa region make a notable impact, holding a 3.00% share. The region's economic landscape, characterized by burgeoning construction projects, oil and gas exploration, and maritime activities, fuels the demand for lifting shackles. With a focus on infrastructure development and industrial expansion, these reliable and robust components find extensive use in sectors like energy, transportation, and manufacturing. The construction industry, in particular, relies heavily on lifting shackles for hoisting heavy materials and equipment, ensuring the smooth progress of skyscrapers, bridges, and other vital structures.The Middle East and Africa's contribution to the global lifting shackles market is underpinned by a commitment to industry standards, safety protocols, and the continuous modernization of infrastructure. With ongoing projects and a burgeoning industrial landscape, the Lifting Shackles market in the Middle East and Africa is poised for sustained growth, making the region a vital player in the global market scenario.
Global Lifting Shackles Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lifting Shackles Industry growth. Lifting Shackles market has been segmented with the help of its Type, Application , and others. Lifting Shackles market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, dee shackles are poised as the dominant category in the Lifting Shackles market. Their widespread popularity is attributed to their versatile design, making them suitable for a wide array of lifting applications. Dee shackles feature a U-shaped design with a pin or bolt across the opening, providing a secure and stable connection. They are widely used in various industries, including construction, manufacturing, shipping, and offshore operations, owing to their reliability and ease of use. The robust construction of dee shackles allows them to withstand heavy loads, making them indispensable in lifting heavy machinery and equipment.
Bow shackles have emerged as the fastest-growing category in the Lifting Shackles market. Their unique bow-shaped design provides a larger internal clearance, allowing them to accommodate a broader range of connections. Bow shackles are particularly favored in applications where angular lifting is required, as their shape allows for flexibility in various lifting angles. This versatility makes them ideal for complex rigging situations, especially in maritime, construction, and utility sectors. The increasing demand for bow shackles can be attributed to their ability to offer safe and efficient lifting solutions in challenging environments.
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 Shackles Industry. Request a Free Sample PDF!
The marine industry stands out as the dominant application sector. Lifting shackles play a crucial role in maritime operations, facilitating the safe and efficient handling of heavy loads on ships, offshore platforms, and docks. The marine industry demands shackles with high corrosion resistance and durability, considering the challenging saltwater environment. Dee shackles, with their robust construction and ability to withstand corrosive elements, are the preferred choice in maritime applications. They are widely used for various tasks such as securing cargo, anchoring equipment, and handling marine structures.
According to Cognitive Market Research, the construction industry emerges as the fastest-growing application sector. With ongoing global infrastructural developments, there is a substantial demand for lifting shackles in construction activities. Bow shackles find significant traction in this sector due to their versatility in accommodating different angles and loads, making them suitable for various construction tasks. From lifting steel beams and concrete panels to securing scaffolding and hoisting equipment, bow shackles play a pivotal role in ensuring the safety and precision of construction operations. As construction projects continue to rise worldwide, the need for reliable, high-capacity lifting equipment drives the rapid growth of the lifting shackles market in the construction industry.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Lifting Shackles Market is witnessing significant growth in the near future.
In 2023, the Dee Shackles segment accounted for noticeable share of global Lifting Shackles Market and is projected to experience significant growth in the near future.
The Marine Industry segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Crosby Group , Suncor Stainless and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Dee Shackles, Bow Shackles, Others |
Application | Marine Industry, Construction Industry, Others |
List of Competitors | Crosby Group, Van Beest, Suncor Stainless, Gunnebo Industries, Petersen Stainless Rigging, Trans-Web, Otto Ganter GmbH, SENSY SA, Stas-Lifteurop, Norelem, Hayn Marine, Asano Metal Industry, TAKIGEN, Hillman, Wurth Group |
This chapter will help you gain GLOBAL Market Analysis of Lifting Shackles. Further deep in this chapter, you will be able to review Global Lifting Shackles Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Lifting Shackles. Further deep in this chapter, you will be able to review North America Lifting Shackles Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Lifting Shackles. Further deep in this chapter, you will be able to review Europe Lifting Shackles Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Lifting Shackles. Further deep in this chapter, you will be able to review Asia Pacific Lifting Shackles Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Lifting Shackles. Further deep in this chapter, you will be able to review South America Lifting Shackles Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Lifting Shackles. Further deep in this chapter, you will be able to review Middle East and Africa Lifting Shackles Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Lifting Shackles. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lifting Shackles market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Dee Shackles have a significant impact on Lifting Shackles market? |
What are the key factors affecting the Dee Shackles and Bow Shackles of Lifting Shackles Market? |
What is the CAGR/Growth Rate of Marine Industry during the forecast period? |
By type, which segment accounted for largest share of the global Lifting Shackles Market? |
Which region is expected to dominate the global Lifting Shackles Market within the forecast period? |
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