Hoist Sling Chains Assemblies Market

By Capacity;

Less Than 100 Tons, 100-500 Tons, 500-1,000 Tons and Over 1,000 Tons

By Material;

Alloy Steel, Carbon Steel, Stainless Steel and Others

By Grade;

Grade 8, Grade 10, Grade 12 and Others

By Type;

Single Leg Slings, Multi Leg Slings, Endless Slings and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn904964008 Published Date: September, 2025 Updated Date: October, 2025

Hoist Sling Chains Assemblies Market Overview

Hoist Sling Chains Assemblies Market (USD Million)

Hoist Sling Chains Assemblies Market was valued at USD 97.85 million in the year 2024. The size of this market is expected to increase to USD 163.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.


Hoist Sling Chains Assemblies Market

*Market size in USD million

CAGR 7.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.6 %
Market Size (2024)USD 97.85 Million
Market Size (2031)USD 163.40 Million
Market ConcentrationMedium
Report Pages400
97.85
2024
163.40
2031

Major Players

  • Pewag, Inc.
  • Gunnebo Industries AB
  • THIELE
  • J. D. Theile GmbH & Co. KG
  • Parsons Chain China
  • FEW Ketten Walder
  • Chaineries Limousines
  • Campbell Chains and Fittings
  • Apex Tool Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Hoist Sling Chains Assemblies Market

Fragmented - Highly competitive market without dominant players


The Hoist Sling Chains Assemblies Market is witnessing significant transformation as industries prioritize strength, safety, and efficiency in lifting operations. Adoption of hoist sling chains assemblies has grown by over 38%, with businesses increasingly relying on them for heavy-duty handling. Their ability to enhance workplace reliability and minimize downtime is reshaping lifting applications.

Key Drivers Accelerating Growth
Rising emphasis on safe load management and workplace safety is fueling adoption. Approximately 42% of industries now utilize advanced chain assemblies to prevent risks and improve performance. The pursuit of greater lifting precision and reduced hazards is accelerating their integration across industrial environments.

Advancements Strengthening Market Adoption
Breakthroughs in high-strength alloys, protective coatings, and digital chain testing are setting new performance benchmarks. Nearly 47% of new chain assemblies incorporate these innovations, enhancing durability and reliability. These advancements are enabling industries to maintain consistent lifting efficiency while reducing operational disruptions.

Growth Prospects and Industry Outlook
The Hoist Sling Chains Assemblies Market shows strong growth potential, supported by rising investments in upgraded lifting systems. Around 55% of companies are planning modernization with advanced sling chains, indicating robust adoption ahead. With continuous innovation and focus on safety, these assemblies are positioned to play a vital role in future industrial lifting solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Capacity
    2. Market Snapshot, By Material
    3. Market Snapshot, By Grade
    4. Market Snapshot, By Type
    5. Market Snapshot, By Region
  4. Hoist Sling Chains Assemblies Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Focus on Safety and Compliance Standards

        2. Expansion of Mining and Energy Sectors

        3. Technological Innovations in Hoisting Equipment

      2. Restraints
        1. Maintenance and Repair Costs

        2. Regulatory and Compliance Challenges

        3. Variability in Quality and Performance

      3. Opportunities
        1. Technological Innovations in Chain Design

        2. Expansion into Emerging Markets

        3. Growth in Automation and Robotics

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hoist Sling Chains Assemblies Market, By Capacity, 2021 - 2031 (USD Million)
      1. Less Than 100 Tons
      2. 100-500 Tons
      3. 500-1,000 Tons
      4. Over 1,000 Tons
    2. Hoist Sling Chains Assemblies Market, By Material, 2021 - 2031 (USD Million)
      1. Alloy Steel
      2. Carbon Steel
      3. Stainless Steel
      4. Others
    3. Hoist Sling Chains Assemblies Market, By Grade, 2021 - 2031 (USD Million)
      1. Grade 8
      2. Grade 10
      3. Grade 12
      4. Others
    4. Hoist Sling Chains Assemblies Market, By Type, 2021 - 2031 (USD Million)
      1. Single Leg Slings
      2. Multi Leg Slings
      3. Endless Slings
      4. Others
    5. Hoist Sling Chains Assemblies Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BlackRock
      2. Vanguard Group Inc.
      3. Fidelity Investments
      4. State Street Global Advisors (SSGA)
      5. JPMorgan Asset Management
      6. Charles Schwab
      7. T. Rowe Price
      8. Franklin Templeton
      9. Dimensional Fund Advisors
      10. BNY Mellon Investment Management
      11. PIMCO
      12. Invesco
      13. Amundi
      14. AXA Investment Managers
      15. Legal & General Investment Management (LGIM)
  7. Analyst Views
  8. Future Outlook of the Market