Global Instrumented Load Shackle Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Capacity Type;

Up to 150 Tonne, 150 – 300 Tonne, 300 – 450 Tonne ,and Above 450 Tonne.

By Application;

Cable Tension Monitoring, Towing Tension, Crane Weight ,and Crane Safe Load Monitoring.

By End-User;

Manufacturing, Transportation, Energy, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn338083151 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Instrumented Load Shackle Market (USD Million), 2021 - 2031

In the year 2024, the Global Instrumented Load Shackle Market was valued at USD 218.06 million. The size of this market is expected to increase to USD 306.84 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Instrumented Load Shackle Market is witnessing significant growth, driven by the increasing demand for reliable load monitoring solutions across various industries. Instrumented load shackles play a critical role in lifting and rigging operations, providing accurate and real-time data on loads to ensure safety and efficiency. These load monitoring devices are widely used in industries such as construction, oil & gas, marine & offshore, manufacturing, mining, and others, where precise load measurement is essential for preventing overloading, equipment damage, and safety hazards.

With the growing emphasis on workplace safety, regulatory compliance, and operational efficiency, there is a rising demand for advanced load monitoring solutions like instrumented load shackles. These devices offer features such as wireless connectivity, remote monitoring, data logging, and predictive maintenance, enabling companies to optimize lifting operations, improve safety standards, and reduce downtime. Additionally, technological advancements such as IoT integration and wireless communication have further enhanced the capabilities and performance of instrumented load shackles, driving their adoption across various industry sectors.

  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 Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Instrumented Load Shackle Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Emphasis on Work Safety
        2. Increasing Demand for Load Monitoring Solutions
        3. Advancements in Sensor Technology
        4. Stringent Regulations and Standards
        5. Rising Adoption in Various Industries
      2. Restraints
        1. Stringent Regulations and Standards
        2. High Initial Investment
        3. Limited Awareness and Adoption
        4. Challenges in Integration with Existing Systems
        5. Concerns Regarding Accuracy and Reliability
      3. Opportunities
        1. Growing Adoption in Various Industries
        2. Expansion in Emerging Markets
        3. Technological Advancements
        4. Integration of IoT and Wireless Technologies
        5. Demand from Construction and Oil & Gas Industries
    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. Global Instrumented Load Shackle Market, By Capacity Type, 2021 - 2031 (USD Million)
      1. Up to 150 Tonne
      2. 150 – 300 Tonne
      3. 300 – 450 Tonne
      4. Above 450 Tonne
    2. Global Instrumented Load Shackle Market, By Application, 2021 - 2031 (USD Million)
      1. Cable Tension Monitoring
      2. Towing Tension
      3. Crane Weight
      4. Crane Safe Load Monitoring
    3. Global Instrumented Load Shackle Market, By End User, 2021 - 2031 (USD Million)
      1. Manufacturing
      2. Transportation
      3. Energy
      4. Others
    4. Global Instrumented Load Shackle 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. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Crosby Group
      2. The Crosby Group LLC
      3. Straightpoint (Part of Crosby Group)
      4. Load Monitoring Systems Ltd.
      5. Modulift UK Ltd.
      6. Scotload Ltd.
      7. Green Pin & VAN BEEST
      8. DLM Loadcells Ltd.
      9. LMS Ltd.
      10. Sensor Technology Ltd.
  7. Analyst Views
  8. Future Outlook of the Market