Hydraulic Luffing-Jib Crane Market Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Hydraulic Luffing-Jib Crane Market
A hydraulic luffing jib crane is another common type of construction tower crane. The crane is recognizable due to its diagonal arm which extends out from the top of the mast (tower) on an angle. Unlike the hammerhead the hook point is located off the end of the jib. Its design is similar to a hammerhead tower crane, with the exception that the jib is latticed and can be raised and lowered-a motion called "luffing." With additional jib mobility, these cranes can: Lift heavier capacities than hammerhead cranes.
The global Hydraulic Luffing-Jib Crane market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.

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Market Trends:

1. Rising Demand in Urban Construction and High-Rise Buildings - The increasing number of skyscrapers, congested urban projects, and infrastructure developments is fueling demand for hydraulic luffing-jib cranes, known for their compact designs and high maneuverability.
2. Advancements in Smart Hydraulic Systems - The adoption of automated load control, IoT-based monitoring, and precision lifting is improving efficiency and safety in crane operations.
3. Growth in Renewable Energy and Industrial Applications - Hydraulic luffing-jib cranes are being increasingly used for wind turbine installations, industrial plants, and offshore construction projects due to their flexibility in confined spaces.
4. Increasing Adoption of Eco-Friendly and Energy-Efficient Cranes - Manufacturers are focusing on hybrid and electric-powered hydraulic cranes to meet sustainability and emission reduction goals.
5. Regulatory Push for Safer Lifting Equipment - Stringent safety and performance regulations for lifting machinery in construction, shipping, and heavy industries are driving innovations in hydraulic luffing-jib cranes.

Market Challenges:

1. High Initial Costs and Maintenance Requirements - Advanced hydraulic systems and automation features increase the upfront cost and maintenance expenses of these cranes.
2. Complexity in Installation and Operation - Hydraulic luffing-jib cranes require skilled operators and proper site planning, limiting their adoption in smaller projects.
3. Supply Chain Constraints and Raw Material Costs - Fluctuations in steel prices, hydraulic components, and electronic control systems impact crane manufacturing and pricing.
4. Competition from Tower Cranes and Other Lifting Solutions - While luffing-jib cranes are ideal for tight spaces, tower cranes and other lifting equipment may be preferred for large-scale projects.
5. Technological and Cybersecurity Risks in Smart Crane Systems - The increasing integration of IoT and automation in crane operations raises concerns about data security and system vulnerabilities.

by Type

• Max. Load Capacity < 30t
• Max. Load Capacity 30-50t
• Max. Load Capacity > 50t

by Application

• High Rise Buildings
• Bridge Building
• Others

By Company

Zoomlion, SCM, Fushun Yongmao, XCMG, DAHAN, Manitowoc, Liebherr, WOLFFKRAN, FAVCO, HKTC

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