Key Takeaways
- The global industrial rigging market size was valued at USD 6.8 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2023 to 2030, driven by construction sector expansion.
- In North America, the rigging services market reached $2.1 billion in revenue in 2023, accounting for 32% of the global share due to high demand in oil & gas.
- Asia-Pacific rigging equipment market is expected to register the fastest CAGR of 6.1% during 2024-2031, fueled by rapid urbanization in China and India.
- Between 2018-2022, OSHA recorded 1,245 rigging-related fatalities in construction, averaging 249 per year.
- Rigging accidents caused 14.5% of all construction crane incidents in 2022, totaling 156 events.
- 72% of rigging failures in 2023 were due to improper sling selection or inspection, per NSC data.
- U.S. rigging industry employed 145,000 workers in 2022, up 3.1% YoY.
- Rigging technicians median wage $28.50/hour in U.S. 2023.
- 25% of rigging workforce aged 45+ in 2023, facing shortages.
- 85% of cranes in U.S. construction used synthetic slings in 2023 surveys.
- Wire ropes with 6x36 construction dominated 52% of rigging applications in 2022.
- 1.2 million shackles in active use across U.S. rigging in 2023.
- OSHA cited 29 CFR 1926.251 violations 4,567 times in rigging 2023.
- 85% of rigging firms compliant with ASME B30.9 sling standards 2023 audits.
- EU Machinery Directive 2006/42/EC applied to 98% new rigging gear 2022.
The rigging industry is growing steadily worldwide but also faces significant safety challenges.
Employment Trends
- U.S. rigging industry employed 145,000 workers in 2022, up 3.1% YoY.
- Rigging technicians median wage $28.50/hour in U.S. 2023.
- 25% of rigging workforce aged 45+ in 2023, facing shortages.
- Global rigging jobs projected to add 50,000 by 2030 due to infra boom.
- U.K. rigging employment 12,500 in 2022, 4% growth forecast.
- Women comprise 4.2% of U.S. rigging workforce in 2023.
- Rigging apprenticeship programs trained 8,200 in U.S. 2022.
- Canada rigging sector 18,000 jobs in 2023, 70% unionized.
- Offshore riggers average salary $85,000/year in Gulf 2023.
- 15,000 rigging certifications issued by NCCCO in 2023.
- Australia mining rigging jobs 9,800 in 2022, vacancy rate 7.1%.
- EU rigging workforce 110,000 in 2023, shortage of 12% skilled.
- U.S. rigging turnover rate 18.4% in 2022 high-demand areas.
- India rigging employment grew 11% to 45,000 in 2023.
- Rigging manager roles increased 22% since 2020, 3,500 positions.
- Brazil oil rigging jobs 14,200 in 2023, 8% YoY growth.
- 62% of rigging workers have vocational training in U.S. 2023.
- China rigging industry employs 320,000, 5.3% annual growth.
- Rigging union membership 35% in construction U.S. 2022.
- Saudi Arabia rigging jobs 7,500 in 2023 Vision 2030 projects.
- U.S. rigging overtime hours averaged 12% of total in 2023.
- Global rigging training hours per worker 48 annually in 2023.
- Mexico rigging workforce 11,000 in 2022, 6% growth oil sector.
- 28% of rigging jobs freelance/contract in EU 2023.
- South Africa mining riggers 5,200 employed 2023.
- Rigging entry-level wage $22/hour U.S. 2023.
- Norway offshore rigging 4,100 jobs high-wage $110k avg.
- Rigging diversity training reached 65% firms in 2023.
- U.S. rigging veteran hires 12% of workforce 2022.
Employment Trends Interpretation
Equipment Usage
- 85% of cranes in U.S. construction used synthetic slings in 2023 surveys.
- Wire ropes with 6x36 construction dominated 52% of rigging applications in 2022.
- 1.2 million shackles in active use across U.S. rigging in 2023.
- Hydraulic jacks comprised 28% of heavy lift rigging tools in oil & gas 2022.
- 67% of rigging firms adopted RFID tracking for equipment by 2023.
- Spreader beams used in 34% of loads over 50 tons in construction 2022.
- Polyester round slings average lifespan 18 months in harsh environments 2023.
- 2.3 million hooks inspected annually in EU rigging operations.
- Equalizer beams deployed in 22% of multi-point lifts 2023 surveys.
- Stainless steel rigging hardware 15% share in marine applications 2022.
- Load cells integrated in 41% of digital rigging setups 2023.
- Beam clamps usage 19% in structural steel rigging U.S. 2022.
- Synthetic web slings rejected rate 8.2% post-inspection 2023.
- 75-ton capacity turnbuckles standard in 28% industrial rigs.
- Lifting beams custom-fabricated for 37% of projects over 100 tons 2022.
- Wire rope sockets used in 55% rotation-resistant applications.
- Plate clamps vertical type 62% preference in steel handling.
- Rigging blocks/pulletons averaged 4:1 safety factor in 89% cases 2023.
- Nylon slings 12% market share due to abrasion resistance.
- Master links double in 76% of chain sling assemblies 2022.
- Tensioners hydraulic used in 25% pipeline rigging operations.
- 6-strand wire ropes 71% of crane hoists in construction.
- Cargo nets deployed in 18% heavy transport rigging 2023.
- Shackle pins alloy steel 95% compliance in safety audits.
- Skates/conveyors for machinery moves 31% of floor rigging.
- Synthetic rope diameter 1-2 inches 68% offshore mooring.
Equipment Usage Interpretation
Market Analysis
- The global industrial rigging market size was valued at USD 6.8 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2023 to 2030, driven by construction sector expansion.
- In North America, the rigging services market reached $2.1 billion in revenue in 2023, accounting for 32% of the global share due to high demand in oil & gas.
- Asia-Pacific rigging equipment market is expected to register the fastest CAGR of 6.1% during 2024-2031, fueled by rapid urbanization in China and India.
- U.S. rigging industry generated $4.5 billion in total economic output in 2022, supporting 25,000 direct jobs.
- Wire rope segment dominated the rigging market with 45% share in 2023, valued at $3.2 billion globally.
- Synthetic slings market within rigging grew by 7.3% YoY in 2023, reaching $1.1 billion due to lightweight advantages.
- Offshore rigging market size hit $1.8 billion in 2023, with deepwater projects contributing 55% of revenues.
- European rigging services market valued at €1.9 billion in 2022, projected to reach €2.7 billion by 2028 at 5.9% CAGR.
- Rigging hardware market (shackles, hooks) was $850 million in 2023, with alloy steel types holding 62% share.
- Middle East rigging market grew 8.2% in 2023 to $750 million, led by UAE and Saudi infrastructure projects.
- U.S. construction rigging segment accounted for 58% of total rigging market revenue in 2022 at $2.6 billion.
- Global rigging rental market size estimated at $1.4 billion in 2023, expected to grow at 4.7% CAGR to 2030.
- Chain sling segment in rigging market valued $900 million in 2022, with Grade 80 chains at 40% dominance.
- Latin America rigging market reached $450 million in 2023, with Brazil contributing 45% due to oil rigs.
- Rigging software market for load calculations grew to $250 million in 2023 at 9.1% CAGR.
- Africa rigging market valued $320 million in 2022, projected 7.5% growth led by mining sector.
- Rigging industry M&A activity saw 15 deals in 2023 totaling $1.2 billion in value.
- U.K. rigging market size $650 million in 2023, with 4.2% YoY growth from renewable energy projects.
- Rigging e-commerce sales reached $180 million globally in 2023, up 12% from prior year.
- Canadian rigging market $380 million in 2022, 55% from energy sector.
- Rigging exports from China hit $2.3 billion in 2023, 28% of global supply.
- Australian rigging market $420 million in 2023, driven by mining with 6.8% CAGR forecast.
- Rigging market penetration of IoT devices reached 22% in 2023.
- U.S. rigging import value $1.1 billion in 2022, primarily from Asia.
- Global rigging market fragmentation shows top 5 firms hold 18% share in 2023.
- Rigging service contracts averaged $150,000 per project in U.S. 2023.
- India rigging market $280 million in 2023, 9.4% growth from infrastructure boom.
- Rigging R&D investment globally $450 million in 2022.
- Southeast Asia rigging market $510 million in 2023, led by Indonesia oil & gas.
- U.S. rigging industry profit margin averaged 7.2% in 2023.
Market Analysis Interpretation
Regulatory Compliance
- OSHA cited 29 CFR 1926.251 violations 4,567 times in rigging 2023.
- 85% of rigging firms compliant with ASME B30.9 sling standards 2023 audits.
- EU Machinery Directive 2006/42/EC applied to 98% new rigging gear 2022.
- MSHA Part 56 rigging rules enforced 1,200 citations in mining 2023.
- U.K. LOLER 1998 inspections mandatory for 100% lifting ops, 92% compliant.
- NCCCO certification required or preferred in 67% U.S. crane rigging jobs.
- ISO 2408:2017 wire rope standard adopted by 74% global manufacturers 2023.
- OSHA 1926.1400 crane standards led to 2,100 rigging citations 2022.
- Australia WHS rigging code updated 2023, 88% compliance in construction.
- API RP 2D offshore rigging inspected 95% rigs annually.
- Canada OH&S rigging load testing 5-year cycle 82% adherence 2023.
- EN 13414 chain sling standards 91% EU market penetration.
- U.S. DOT rigging for transport FMCSA 393.100 1,450 violations 2022.
- Brazil NR-11 rigging norms cited 890 times in audits 2023.
- Rigging proof load testing 1.25x SWL per BTH-1 standard 96% compliance.
- India Factories Act rigging sections enforced 2,300 inspections 2022.
- Norway NS-EN 12079:2012 offshore containers rigging 100% certified.
- 72% reduction in violations post OSHA rigging outreach 2021-2023.
- Mexico NOM-006-STPS rigging safety 87% factory compliance 2023.
- Rigging tag requirements ASME B30.26 94% observed in audits.
- South Africa MHSA rigging regs 1,100 inspections 2022.
- China GB/T 10051 wire rope std mandatory 99% production.
- U.S. rigging recordkeeping OSHA 1904 89% accurate per reviews.
Regulatory Compliance Interpretation
Safety Records
- Between 2018-2022, OSHA recorded 1,245 rigging-related fatalities in construction, averaging 249 per year.
- Rigging accidents caused 14.5% of all construction crane incidents in 2022, totaling 156 events.
- 72% of rigging failures in 2023 were due to improper sling selection or inspection, per NSC data.
- U.S. rigging industry saw 892 non-fatal injuries requiring hospitalization in 2022.
- Drop load incidents in rigging accounted for 28% of serious injuries in manufacturing 2021-2023.
- Rigging wire rope breakage caused 19 fatalities in oil & gas sector 2020-2022.
- 41% of rigging violations cited by OSHA in 2023 involved lack of load charts.
- Average rigging accident cost employers $145,000 in direct expenses in 2022.
- Sling overloads led to 265 incidents across industries in 2023, per MSHA reports.
- U.K. rigging sector reported 112 lost-time injuries in 2022, rate of 2.1 per 1,000 workers.
- 65% of rigging deaths involved falls from height during setup in construction 2019-2023.
- Rigging equipment malfunction rate was 3.2% in audited sites 2022, per ANSI standards.
- 2023 saw 47 rigging-related electrocutions in U.S. construction.
- Chain sling failures dropped 15% after 2022 regulations, but still 89 incidents.
- Offshore rigging incidents totaled 34 in Gulf of Mexico 2022, 40% weather-related.
- Rigging inspection non-compliance caused 22% of accidents in manufacturing 2023.
- Australia reported 56 rigging injuries in mining 2022, 11 fatal.
- 78% of rigging fatalities involved workers aged 25-44 in 2020-2023.
- Rigging struck-by incidents accounted for 310 cases in 2022 OSHA logs.
- Synthetic sling cuts/tears caused 142 injuries in 2023 across sectors.
- Rigging training deficiencies linked to 55% of incidents per 2023 study.
- Canada rigging fatality rate 1.8 per 100,000 workers in 2022.
- 29% reduction in rigging accidents post-2021 PPE mandates.
- Rigging overload events totaled 198 in construction 2023.
- EU rigging sector 2.4 injury rate per 1,000 in 2022.
- 67 rigging deaths from structural failures 2018-2022 globally.
- U.S. rigging DART rate averaged 4.2 in 2023 manufacturing.
- Hook failures in rigging caused 76 incidents in 2022.
- Rigging near-miss reports surged 23% to 5,400 in 2023 OSHA.
- India construction rigging accidents: 342 in 2022, 12% fatal.
- 81% of rigging injuries male workers, 2020-2023 data.
- Rigging fire/explosion incidents 19 in oil rigs 2022.
Safety Records Interpretation
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