Lifting Slings And Rigging Market Report 2026

Lifting Slings And Rigging Market Overview

• Lifting Slings And Rigging market size has reached to $5.41 billion in 2025 • Expected to grow to $7.61 billion in 2030 at a compound annual growth rate (CAGR) of 7.1% • Growth Driver: Expansion Of The Construction Industry Driving The Market Growth Due To Increasing Infrastructure And Building Activities • Market Trend: Advancements In Digital Traceability And Smart Safety Solutions For Heavy Lifting And Rigging Operations • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Lifting Slings And Rigging Market?

Lifting slings and rigging refer to the equipment and techniques used to safely lift, move, and position heavy loads with cranes, hoists, or similar lifting devices. These tools typically include flexible load-bearing components made from materials such as wire rope, chain, or synthetic fibers that connect the load to the lifting equipment. They are used to distribute load weight evenly, ensure stability during lifting operations, and minimize the risk of accidents or damage. The main product types of lifting slings and rigging are web slings, round slings, wire rope slings, chain slings, and other product types. Web slings are specialized equipment designed to lift, secure, and move heavy loads safely and efficiently across industrial and commercial applications. The different materials include synthetic, steel, alloy, and others., through distribution channels such as direct sales, distributors, online retail, and others, used by various applications like construction, oil and gas, mining, shipping and marine, manufacturing, and others by several end users such as industrial, commercial, and others.

What Is The Lifting Slings And Rigging Market Growth Forecast?

The lifting slings and rigging market size is expected to see strong growth in the next few years. It will grow to $7.61 billion by 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to adoption of smart lifting and monitoring technologies, increasing focus on workplace safety regulations, rising automation in material handling operations, growth in e-commerce and online industrial equipment sales, development of high-performance and eco-friendly sling materials. Major trends in the forecast period include increasing demand for high-strength synthetic and steel slings, growing adoption of customizable and multi-leg rigging solutions, rising integration of safety and load monitoring systems, expansion of online distribution channels for lifting equipment, focus on standardization and compliance with industrial safety regulations.

Global Lifting Slings And Rigging Market Segmentation

1) By Product Type: Web Slings, Round Slings, Wire Rope Slings, Chain Slings, Other Product Types 2) By Material: Synthetic, Steel, Alloy, Other Materials 3) By Distribution Channel: Direct Sales, Distributors, Online Retail, Other Distribution Channels 4) By Application: Construction, Oil And Gas, Mining, Shipping And Marine, Manufacturing, Other Applications 5) By End-User: Industrial, Commercial, Other End Users Subsegments: 1) By Web Slings: Single Ply Web Slings, Double Ply Web Slings, Multi Ply Web Slings, Flat Eye And Eye Web Slings, Twisted Eye Web Slings, Endless Web Slings, Wide Body Web Slings 2) By Round Slings: Endless Round Slings, Eye And Eye Round Slings, Single Cover Round Slings, Double Cover Round Slings, High Capacity Round Slings 3) By Wire Rope Slings: Single Leg Wire Rope Slings, Double Leg Wire Rope Slings, Triple Leg Wire Rope Slings, Quadruple Leg Wire Rope Slings, Braided Wire Rope Slings, Flemish Eye Wire Rope Slings, Mechanically Spliced Wire Rope Slings 4) By Chain Slings: Single Leg Chain Slings, Double Leg Chain Slings, Triple Leg Chain Slings, Quadruple Leg Chain Slings, Adjustable Chain Slings, Alloy Chain Slings 5) By Other Product Types: Synthetic Rope Slings, Metal Mesh Slings, Cable Laid Slings

What Is The Driver Of The Lifting Slings And Rigging Market?

The expansion of the construction industry is expected to propel the growth of the lifting slings and rigging market going forward. The construction industry refers to the sector involved in the planning, development, and building of infrastructure, residential, commercial, and industrial structures. The construction industry is rising due to increasing government investments in infrastructure development, which fund projects such as highways, bridges, and public facilities to improve connectivity and economic growth. Lifting slings and rigging enable the safe lifting, securing, and positioning of heavy construction materials, machinery, and structural components during installation, assembly, and transportation activities in large infrastructure projects. For instance, in March 2025, according to the Bureau of Labor Statistics, a US-based government agency, the construction industry is expected to expand by 4.7% between 2023 and 2033, outpacing the 4.0% growth projected across all industries during the same period. Therefore, the expansion of the construction industry is driving the growth of the lifting slings and rigging industry.

Key Players In The Global Lifting Slings And Rigging Market

Major companies operating in the lifting slings and rigging market are Axel Johnson International AB, Columbus McKinnon Corporation, Pewag Group GmbH, Tokyo Rope Manufacturing Co. Ltd., Teufelberger Holding AG, Mazzella Holding Company Inc., RUD Ketten Rieger & Dietz GmbH u. Co. KG, Samson Rope Technologies Inc., Gleistein GmbH, Lift-All Company Inc., The Carpenter Group, Suncor Stainless Inc., SpanSet Inter AG, Unirope Limited, Ashley Sling Inc., Holloway Houston Inc., Yoke Industrial Corp., Van Beest B.V., Pfeifer Holding GmbH & Co. KG, Slingmax Inc., Lift-It Manufacturing Co. Inc.

Global Lifting Slings And Rigging Market Trends and Insights

Major companies operating in the lifting slings and rigging market are focusing on leveraging advanced technologies, such as near field communication (NFC) technology, to enhance equipment traceability, improve safety compliance, and enable real-time digital inspection of lifting equipment. Near field communication (NFC) technology is a short-range wireless system that lets devices exchange data, enabling lifting operators to scan sling tags for instant access to specifications, certifications, and inspection records, improving traceability and safety compliance. For instance, in April 2025, William Hackett Lifting Ltd, a UK‑based manufacturing company, introduced RFID‑enabled Hack8 and Hack10 chain sling assemblies, incorporating embedded RFID chips within the sling tags to provide instant digital access to critical product information. The RFID chips use NFC technology, enabling riggers and operators to scan the sling tag with a smartphone and retrieve data such as serial numbers, working load limits (WLL), manufacturing dates, and Declaration of Conformity certificates via the updated Hackett mobile application. The system also provides safe‑use instructions, stores previously scanned tags for quick reference, and integrates with asset management platforms, allowing organizations to centralize sling inspection records and improve equipment traceability.

What Are Latest Mergers And Acquisitions In The Lifting Slings And Rigging Market?

In April 2023, Yale Cordage Inc., a US-based manufacturing company, acquired I&I Sling Inc. and Slingmax Inc. for an undisclosed amount. With this acquisition, Yale Cordage, Inc. aimed to expand its product portfolio and strengthen its position in the heavy lift and rigging markets by integrating advanced synthetic sling technologies and engineering capabilities. I&I Sling Inc. is a US-based manufacturer and supplier specializing in lifting slings and rigging solutions. Slingmax Inc. is a US-based industrial company specializing in advanced synthetic slings and rigging solutions.

Regional Insights

Asia-Pacific was the largest region in the lifting slings and rigging market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Lifting Slings And Rigging Market?

The lifting slings and rigging market consists of sales of lifting slings, shackles, hooks, eye bolts, turnbuckles, lifting chains, synthetic web slings, and rigging hardware. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Lifting Slings And Rigging Market Report 2026?

The lifting slings and rigging market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the lifting slings and rigging industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.