Hook Lifts and Skip Loaders Market Analysis

Hook Lifts and Skip Loaders Market Analysis

The Europe hook lifts market is expected to register a growth rate of around 4% through 2028. These hook lifts can be mounted on a wide range of vehicles and can also be used in constricted places without compromising with service quality. Their ability to survive multiple business domains and high work efficiency is boosting the hook lifts and skip loaders industry statistics.

Companies including HIAB AB, B.O.B. Sistemi Idraulici S.p.A and West-Trans Equipment are highly emphasizing on introducing new products with multiple features to stay competitive in the market. For instance, in June 2020, HIAB AB launched MULTILIFT Optima 25S hook lift and MULTILIFT Optima 15S for four and two axle trucks. They possess a lifting capacity of up to 25 tons and support various optional features such as fast speed functions and automatic sequence control.
 

The demand of hook lifts and skip loaders market in Europe is poised to reach 35 thousand units by 2028. The ability of hook lifts and skip loaders to work in constricted places is creating a positive outlook in indoor constructions.
 

Rising product demand in the construction and infrastructure development sector is encouraging various industry participants to adopt unique business strategies to increase their equipment sales. Several OEMs are jointly developing skip loader trucks integrated with multiple features to accelerate the market demand.
 

North America hook lifts & skip loaders market size is predicted to cross USD 1 billion in 2028. Canada and the U.S. are witnessing a high demand owing to the proliferation of industrial & infrastructure development activities. Governments are providing financial as well as equipment support to the farmers to improve food reproduction. For instance, in December 2021, the Agriculture and Agri-Food Department of Canada announced to help farmers with tools and equipment to promote organic farming practices.