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| Market size in 2024 | US$ 234.5 million |
Forecast Market size by 2030 | US$ 312.4 million |
|---|---|---|---|
| Growth Rate | CAGR of 4.9% | Number of Pages | 125 Pages |
The "Global Clevis Shackle Market" size was valued at US$ 234.5 million in 2024 and is projected to reach US$ 312.4 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
The "United States Clevis Shackle Market" size was valued at US$ 67.8 million in 2024 and is projected to reach US$ 87.6 million by 2030, at a CAGR of 4.4% during the forecast period 2024-2030.
A clevis shackle is a U-shaped metal connector used to link heavy loads, chains, ropes, or lifting slings in rigging, towing, and lifting applications. It consists of a U-shaped body with two parallel prongs, which are closed with a removable pin or bolt. Clevis shackles allow for easy connection and disconnection, providing a secure and durable link for lifting equipment and load-bearing structures in construction, industrial, and marine settings.
The market shows stable growth, driven by construction and marine sectors. In 2023, production reached 15 million units, with industrial sector accounting for 45% of demand. High-strength variants grow at 5.5% annually. Market saw 25% increase in corrosion-resistant materials in 2023. Standard shackles lead with 72% share, while specialty types grow at 6.2% annually. Asia Pacific leads with 38% market share, while North America shows 4.8% CAGR.
Report Overview
This report provides a deep insight into the global Clevis Shackle market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Clevis Shackle Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Clevis Shackle market in any manner.
Global Clevis Shackle Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Clevis Shackle Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 234.5 million |
| Forecast Market size by 2030 | US$ 312.4 million |
| Growth Rate | CAGR of 4.9% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 125 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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