Market Share of Crane Industry
The crane market is highly consolidated and dominated by a few major players. Some of the leading players in the market studied are Manitowoc, Tadano, Kobelco, Cargotec, Kone Cranes, Liebherr, SANY Global, Palfinger, Zoomlion, and XCMG.
These players have successfully capitalized on the significant demand for reliable cranes from key players in the construction, mining, and industrial sectors.
The major players in the region are spending heavily on the research and development of new products and delivering cranes globally. They also focus on growth strategies, such as new product launches and securing major orders to strengthen their positions.
- October 2022: Terex Cranes introduced CTT 222-10 Flat Top Tower Crane. To maintain safety, the adjustable slewing seat and integrated heating and cooling system keep operators comfortable, productive, and focused on their work. The maximum capacity of this model is 10 ton, the maximum jib length is 65 m, and the maximum free-standing height (C25) is 54.35 m, 72.95 m, and 67.85 m.
- October 2022: Zoomlion Heavy Industry Science & Technology Co., Ltd. launched R-generation tower cranes specifically developed for the European market at BAUMA 2022.
- May 2022: Tadano Demag Cranes GmbH secured the biggest order from Expertise Contracting Company of Saudi Arabia for 79 Demag AC cranes.
Crane Market Leaders
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Sany heavy Industry Co. Ltd.
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Xuzhou Construction Machinery Group Co., Ltd
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Zoomlion Heavy Industry Science and Technology Co., Ltd
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Konecranes Oyj
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Liebherr Group
*Disclaimer: Major Players sorted in no particular order
