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Leading Crane Brands in the World 2024 | IMARC Group

12-28-2023 08:07 AM CET | Logistics & Transport

Press release from: IMARC Group

Crane Market Overview:

A crane is a mechanical lifting device designed to move heavy loads vertically and horizontally. It typically consists of a tall vertical steel framework, known as a mast or tower, which supports a horizontal boom. The boom, in turn, can be extended or retracted to reach different distances. Attached to the end of the boom is a lifting apparatus, such as a hook or other specialized lifting attachment, which is used to hoist and transport loads. Crane types vary based on their design and application. Mobile cranes are mounted on wheels or tracks, allowing them to be easily repositioned on construction sites or other locations.

Tower cranes are stationary and commonly used in construction to lift materials to different levels of a building under construction. Other types include crawler cranes, overhead cranes, and rough terrain cranes, each adapted for specific tasks. Cranes are indispensable in construction, manufacturing, shipping, and various industries where the movement of heavy loads is required. Their ability to handle substantial weights makes them crucial for efficient and precise material handling, contributing significantly to the progress and completion of large-scale projects.

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Crane Market Trends and Growth Drivers:

The global market is majorly driven by the increasing construction activities. In line with this, crane manufacturers are playing a vital role in driving market growth by incorporating innovation, safety features, sustainability practices, and global expansion into their business strategies. These companies are focused on meeting the evolving needs of industries such as construction, manufacturing, and logistics. One key driver of market growth is technological innovation. Crane manufacturers are continually developing advanced features such as remote control operation, telematics, and load-sensing systems.

These innovations enhance the efficiency, safety, and precision of crane operations, attracting industries looking to optimize their material handling processes. Furthermore, safety remains a top priority for crane manufacturers, with ongoing efforts to improve equipment safety standards. The integration of state-of-the-art safety features, such as anti-collision systems, overload protection, and real-time monitoring, enhances the overall reliability and safety of crane operations. This focus on safety is crucial for industries that rely on cranes for lifting and moving heavy loads. Moreover, sustainability practices are becoming increasingly important in the crane industry. Manufacturers are exploring eco-friendly materials, energy-efficient technologies, and emissions reduction strategies to align with global environmental goals. The adoption of sustainable practices not only appeals to environmentally conscious customers but also contributes to a positive industry image.

Besides, global expansion is a key strategy driving market growth for crane manufacturers. As construction and infrastructure development surge in various regions, manufacturers are establishing a presence in emerging markets. This expansion includes localized manufacturing, distribution, and support services, ensuring a competitive edge and catering to diverse regional needs. Additionally, these manufacturers are investing in comprehensive training programs and certifications. The emphasis on operator training and skill development not only enhances the overall safety of crane operations but also addresses the increasing demand for qualified crane operators in the workforce. Collaboration and partnerships within the industry contribute to market growth. Crane manufacturers often collaborate with technology firms, software developers, and construction companies to integrate cutting-edge solutions into their products. These collaborations foster innovation, improve overall industry capabilities, and drive the adoption of new technologies.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/crane-market

Top Crane Manufacturers in the Crane Market:

1. Cargotec Corporation

Establishment: 2005
Headquarters: Helsinki, Finland

2. Konecranes Plc

Establishment: 1994
Headquarters: Hyvinkää, Finland

3. The Liebherr Group

Establishment: 1949
Headquarters: Bulle, Switzerland

4. The Manitowoc Company Inc.

Establishment: 1902
Headquarters: Wisconsin, the United States

5. Xuzhou Construction Machinery Group Co. Ltd. (XCMG)

Establishment: 1943
Headquarters: Jiangsu, China

6. Manitex International Inc. (Badger Equipment Company)

Establishment: 1993
Headquarters: Illinois, the United States

7. Broderson Manufacturing Corporation (Lanco International Inc.)

Establishment: 1973
Headquarters: Lenexa, the United States

8. IHI Corporation

Establishment: 1853
Headquarters: Hiroshima, Japan

9. Link-Belt Cranes (Sumitomo Heavy Industries Ltd.)

Establishment: 1874
Headquarters: Kentucky, the United States

10. Kobelco Construction Machinery Co. Ltd.

Establishment: 1930
Headquarters: Tokyo, Japan

Visit Full Blog: https://www.imarcgroup.com/crane-market-manufacturing-and-transport-industry

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Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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