Lifting Slings and Rigging Market Report 2026

The lifting slings and rigging market size has grown strongly in recent years. It will grow from $5.41 billion in 2025 to $5.78 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in construction and infrastructure projects, rising industrial and manufacturing activities, increasing offshore oil and gas operations, expansion of mining and shipping sectors, demand for safe material handling solutions.

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.

The expansion of the construction industry is anticipated to propel the growth of the lifting slings and rigging market going forward. The construction industry refers to the sector engaged in the planning, development, and construction of infrastructure, residential, commercial, and industrial structures. The growth of the construction industry is supported by rising government investments in infrastructure development, which contribute funding toward projects such as highways, bridges, and public facilities to enhance connectivity and economic progress. Lifting slings and rigging play a crucial role in enabling the safe lifting, securing, and positioning of heavy construction materials, machinery, and structural components during installation, assembly, and transportation activities in large-scale infrastructure projects. For instance, in March 2025, according to the Bureau of Labor Statistics, a US-based government agency, the construction industry is projected to expand by 4.7% between 2023 and 2033, surpassing the 4% growth projected across all industries during the same period. Therefore, the expansion of the construction industry is contributing to the growth of the lifting slings and rigging market.

Prominent 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 allows devices to exchange data, enabling lifting operators to scan sling tags for instant access to specifications, certifications, and inspection records, improving traceability and safety compliance. 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 utilize 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 through 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.

In April 2023, Yale Cordage Inc., a US-based manufacturing company, acquired I&I Sling Inc. and Slingmax Inc. for an undisclosed amount. Through this acquisition, Yale Cordage, Inc. aimed to expand its product portfolio and strengthen its position in the heavy lift and rigging markets by incorporating 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.

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.

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 the lifting slings and rigging market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lifting slings and rigging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

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