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 increase observed in the historical period can be ascribed to industrial growth and a construction boom, urbanization, and infrastructure development, regulatory changes in waste handling, the rise in recycling and environmental concerns, as well as 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 expansion anticipated in the forecast period can be linked to the demand for recycling and circular economy initiatives, market penetration in developing regions, the adoption of fleet management solutions, and the expansion of construction and infrastructure projects. Major trends projected for the forecast period encompass advancements in waste management, environmental regulations, and sustainability, technological enhancements in equipment, as well as versatility and adaptability.

The growing emphasis on waste recycling by governments is expected to drive the growth of the hook lifts and skip loaders markets. Waste recycling plants aim to recover and recycle materials, with hook lifts and skip loaders playing a vital role in lifting and managing recycled materials. In June 2023, the Department of Environment Food and Rural Affairs reported increased recycling rates for household waste across the UK in 2021. England achieved a recycling rate of 44.1%, Northern Ireland at 48.4%, Scotland at 41.7%, and Wales leading with a rate of 56.7%. The government's focus on waste recycling is a key driver for the hook lifts and skip loaders markets.

The growing residential construction is set to drive the growth of the hook lifts and skip loaders market. Residential construction involves building structures primarily intended for private housing and dwelling purposes. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the seasonally adjusted annual rate of privately-owned housing units authorized by building permits was 1,491,000 in May, marking a 5.2% increase from the revised April rate. Additionally, housing starts in May showed a substantial 21.7% rise from the revised April estimate. Therefore, the growing residential construction is driving the growth of the hook lifts and skip loaders market.

Product innovation is gaining popularity in the hook lift and skip loader markets, with major companies focusing on introducing innovative products. In April 2021, Unsinn Fahrzeugtechnik GmbH, a Germany-based motor vehicle manufacturing company, introduced the UNSINN Roll-Off Tipper, featuring a load capacity of 4,090 kg and unique features such as the standard soft start control for controlled lifting, lowering, and tipping of the container.

Major companies are developing advanced solutions such as telescopic hooklifts to meet the demand for efficient waste management solutions. Telescopic hooklifts are specialized lifting mechanisms designed to load, transport, and unload containers using an extendable arm with a hook. For example, in December 2023, Stellar Industries, a US-based manufacturer, launched the NXT40 hooklift, offering a 40,000-pound capacity with a Z-channel base design and a universal body latching system for loading, unloading, and dumping various truck bodies.

In September 2021, Hiab, a Sweden-based company manufacturing on-road load handling equipment, acquired Galfab for an undisclosed amount. This acquisition strengthens Hiab's demountable portfolio and allows the inclusion of Galfab's equipment in its nationwide US sales and service network. Galfab, based in the US, is engaged in the manufacturing of roll-off hoists, hook lifts, and related equipment.

Major companies operating in the hook lifts and skip loaders market report are Linde PLC, Volvo Construction Equipment AB, DIC Corporation, F.lli Ferrari S.p.A., Cargotec Corporation, UBE Corporation, Palfinger AG, Marrel Corporation, Hiab LLC, Bonfiglioli Riduttori S.p.A., Hyva Global B.V., Samsara Inc., Crane Pumps & Systems Inc., Stellar Industries Corp., Fontaine Fifth Wheel Inc., Bossgoo Co. Ltd., CTE S.p.A., SwapLoader USA Ltd., Hydrosila Group, Jimeca S.A.U., Fassi Gru S.p.A., Mac's Lift Gate Inc., Meiller Group, VDL Containersystemen B.V., Multilift GmbH, Hidrokon LLC, Hydrauliska Industri AB, Epsilon Kran GmbH, ZWEIWEG International GmbH, Jonsered Cranes AB, Bergé Group, Gamzen LLC.

Asia-Pacific was the largest region in the hook lifts and skip loaders market in 2023. The regions covered in the hook lifts and skip loaders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hook lifts and skip loaders market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of hook lifts and skip loaders are hook lifts and skip loaders. The hook lift consists of sales of hook lifts and skip loaders that are used for the transportation of materials in the waste, recycling, construction, forestry, mining, scrap, and demolition industries. The hook lift system consists of a series of hydraulic rams to hook, lift, and hoist the roll-off container onto the truck chassis. The various control systems include hydraulic and pneumatic that are used in construction, agriculture, municipalities, forestry, and other applications.

The hook lifts and skip loaders market research report is one of a series of new reports that provides hook lifts and skip loader market statistics, including hook lifts and skip loader industry global market size, regional shares, competitors with a hook lifts and skip loaders market share, detailed hook lifts and skip loader market segments, market trends and opportunities, and any further data you may need to thrive in the hook lifts and skip loaders industry. This hook lifts and skip loaders market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hook lifts and skip loaders market consists of sales of a frame, cylinders, auxiliary-lifting-arms, and a post with a lifting hook. 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.

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.