The Hook Lifts and Skip Loaders Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hook Lifts and Skip Loaders Global Market Report 2024, The hook lifts and skip loaders market size has grown rapidly in recent years. It will grow from $2.21 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to industrial growth and construction boom, urbanization and infrastructure development, regulatory changes in waste handling, rise in recycling and environmental concerns, demand from municipalities and waste management entities.
The hook lifts and skip loaders market size is expected to see rapid growth in the next few years. It will grow to $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to demand in recycling and circular economy initiatives, market penetration in developing regions, adoption of fleet management solutions, expansion of construction and infrastructure projects. Major trends in the forecast period include advancements in waste management, environmental regulations and sustainability, technological enhancements in equipment, versatility and adaptability.
Increasing government focus on waste recycling is expected to propel the growth of the hook lifts and skip loaders markets going forward. Waste recycling plants are set up to recover waste or scrap plastic and recycle the materials into functional and valuable products. Hook lifts and skip loaders used in waste recycling plants are used to lift heavy recycled material and also to lift stuck containers. It is also used to dump the waste load easily. For instance, in June 2023, according to the Department of Environment Food and Rural Affairs, a UK-based government department, the recycling rates for household waste saw an increase across all UK countries except Northern Ireland in 2021. Specifically, England achieved a recycling rate of 44.1%, Northern Ireland at 48.4%, Scotland at 41.7%, and Wales leading with an impressive rate of 56.7%.Therefore, increasing government focus on waste recycling is driving the growth of the hook lifts and skip loaders markets.
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The hook lifts and skip loaders market covered in this report is segmented –
1) By Product: Hook Lift, Skip Loader
2) By Control System: Hydraulic, Pneumatic
3) By Application: Construction, Agriculture, Municipalities, Forestry, Other Applications
Major companies operating in the hook lift and skip loader market are focusing on developing advanced solutions such as telescopic hooklifts to meet the increasing demand for more efficient and versatile waste management solutions in various industries and sectors. A telescopic hooklift is a specialized lifting mechanism designed to load, transport, and unload containers or bodies of varying sizes and weights using an extendable arm with a hook at its end. For instance, in December 2023, Stellar Industries, a US-based manufacturer of mechanic trucks, cranes, and hooklifts, launched the NXT40 hooklift. It is a strong but lightweight unit capable of loading, unloading, and dumping various truck bodies. The NXT40, the newest addition to the NXT Series of telescopic hooklifts, incorporates a Z-channel base design and a universal body latching system. Specifically designed for tandem axle chassis, this 40,000-pound capacity hoist features a hook height range of 54 to 61.75 inches and includes a rectangular-style secondary jib. Offering a minimal lost load height of about 10.5 inches, this hooklift boasts a low profile, enabling a lower vertical center of gravity and the capability to accommodate subframe heights as low as 6 inches.
The hook lifts and skip loaders market report table of contents includes:
1. Executive Summary
2. Hook Lifts and Skip Loaders Market Characteristics
3.Hook Lifts and Skip Loaders Market Trends And Strategies
4. Hook Lifts and Skip Loaders Market analysis
5. Hook Lifts and Skip Loaders Market Size And Growth
6. Hook Lifts and Skip Loaders Segmentation
7.Hook Lifts and Skip Loaders Regional And Country Analysis
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27.Hook Lifts and Skip Loaders Competitive Landscape And Company Profiles
28.Hook Lifts and Skip Loaders Key Mergers And Acquisitions
29. Hook Lifts and Skip Loaders Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Linde PLC
- Volvo Construction Equipment AB
- DIC Corporation
- F.lli Ferrari S.p.A.
- Cargotec Corporation
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