The hook lifts and skip loaders market has seen considerable growth due to a variety of factors.
• In recent years, there has been a swift expansion in the hook lifts and skip loaders market size. Projected growth from $2.45 billion in 2024 to $2.74 billion in 2025 reflects an 11.8% compound annual growth rate (CAGR). Several factors have contributed to the growth during the historic period, such as industrial progress and a boom in construction, development of urbanization and infrastructure, regulatory shifts in waste handling procedures, increased emphasis on recycling and environmental issues, and the demand generated by municipalities and waste management organizations.
The hook lifts and skip loaders market is expected to maintain its strong growth trajectory in upcoming years.
• The market for hook lifts and skip loaders is forecasted to undergo significant expansion in the coming years, reaching a value of $4.03 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%.
This anticipated growth throughout the forecast period can be credited to factors such as an increase in recycling and circular economy activities, expansion in developing regions, implementation of fleet management solutions and the growth of construction and infrastructure projects. Key trends expected during the forecast period feature improvements in waste management, adherence to environmental regulations and sustainability, advancements in equipment technology, and an emphasis on versatility and adaptability.
The hook lifts and skip loaders markets are expected to benefit from the increasing concentration of government efforts towards waste recycling. Recycling plants for waste are established with the purpose to salvage discarded plastic and recycle these materials into usable and profitable products. Heavy recycled material is lifted by using hook lifts and skip loaders at these waste recycling plants, they are also used to lift containers that are stuck. Additionally, they allow for easy disposal of the waste load. The UK government, in September 2024, as per GOV.UK, reported that the recycling rate of packaging waste increased to 64.8% in 2023, which is an increase from 62.4% in 2022. Hence, the escalating government efforts directed towards waste recycling are fuelling the growth of the hook lifts and skip loaders markets.
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
Subsegments:
1) By Hook Lift: Standard Hook Lift, Demountable Hook Lift, Heavy-Duty Hook Lift
2) By Skip Loader: Standard Skip Loader, Heavy-Duty Skip Loader, Mini Skip Loader
Key companies in the hook lift and skip loader industry are focusing on product innovation to consolidate their market standing. For instance, in January 2024, Volvo Trucks, a heavy-duty vehicles manufacturer based in Sweden, introduced its refreshed line of heavy-duty trucks equipped with innovative features that enhance both efficiency and safety in truck operations. The new models come with state-of-the-art driver assistance systems, including upgraded collision prevention technology and adaptive cruise control, which lower the chance of accidents. Moreover, the trucks provide better fuel efficiency by optimizing engine performance and using aerodynamic designs. The updated models also boast a restructured infotainment system providing real-time data on fuel use and vehicle performance, which facilitates a smoother driving experience. Consequently, ongoing enhancements in heavy-duty trucks are likely to fuel the growth of the transportation and trucking industry, matching the growing demand for safe and efficient transport options.
Major companies operating in the hook lifts and skip loaders market include:
• Marrel Corporation (Ampliroll)
• B.O.B. Sistemi Idraulici S.p.A.
• Cargotec Corporation
• Meiller Group
• PALFINGER Group
• VDL Containersystemen B.V.
• SwapLoader USA Ltd.
• Galbreath
• Stellar Industries
• West-Trans Equipment
• JOST Group
• Roll-off Truck & Trailer Equipment
• Hammar Maskin AB
• Loadmac Ltd.
• Munck Cranes AB
• Binotto
• EH Hooklift Systems
• Effer S.p.A.
• Hyva
• Zepro
• F.lli Ferrari S.p.A.
Asia-Pacific was the largest region in the hook lifts and skip loaders market in 2024. 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.