Top 10 Companies in Crane Market with Size | Manufacturers With Official Website 2024

Top 10 Companies in Crane Market with Size

The crane market has been growing steadily in recent years, with increasing demand from various industries such as construction, oil and gas, mining, and transportation. This growth can be attributed to the ever-expanding global economy and the need for efficient lifting and loading equipment. One of the key factors driving this growth is the contribution made by key players in the market. Companies have a significant impact on the development of new technologies, advancements in design and manufacturing processes, and overall market trends.

Their continuous investments in research and development have resulted in more efficient, safer, and technologically advanced cranes that can meet the diverse needs of different industries. In addition to technological innovations, these companies also play a crucial role in expanding their market reach through strategic partnerships, mergers and acquisitions, and investments in emerging markets. Moreover, key players in the crane market also focus on providing comprehensive after-sales services to ensure customer satisfaction and loyalty. The Global Crane Market has been experiencing significant growth over the past few years. As of 2024, the global market is valued at approximately $43billion. Further, the Global Market is projected to expand at a CAGR of 4.7% from 2024 to 2030. Additionally, by 2030, the market size is expected to reach around $45 billion.

List of Leading Companies in the Crane Market

1. Liebherr Group

The Liebherr Group is a family-owned company that was founded in 1949 by Hans Liebherr. It is one of the largest construction machinery manufacturers in the world and has a diverse range of cranes that cater to various industries. Their product portfolio includes mobile, crawler, tower, and harbor cranes.

2. Manitowoc Company Inc.

Founded in 1902, Manitowoc Company Inc. has been in the crane manufacturing business for over a century. The company offers a wide range of cranes, including all-terrain, crawler, tower, and rough-terrain cranes. They also provide after-sales support and training services to their customers.

3. Terex Corporation

Terex Corporation was established in 1933 and has grown into one of the leading crane manufacturers globally. The company's product portfolio includes crawler, truck-mounted, tower, and rough-terrain cranes. They also offer material handling solutions for various industries.

4. Tadano Ltd.

Founded in 1948, Tadano Ltd. is a Japanese company that specializes in the production of mobile cranes. They have a wide range of models suitable for different applications, including all-terrain, rough-terrain, truck-mounted, and telescopic boom truck cranes.

5. SANY Group Co. Ltd.

SANY Group Co. Ltd. was established in 1989 and has become one of the largest manufacturers of construction equipment worldwide. Their crane products include truck-mounted, crawler, tower, and rough-terrain cranes that are known for their advanced technology and high-quality performance.

6. Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.

Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd. was formed in 2002 as a merger between Hitachi Construction Machinery and Sumitomo Heavy Industries' construction crane divisions. They offer a wide range of cranes, including crawler, rough-terrain, and truck-mounted cranes with advanced technology and safety features.

7. Zoomlion Heavy Industry Science & Technology Co. Ltd.

Founded in 1992, Zoomlion Heavy Industry Science & Technology Co. Ltd. is a leading manufacturer of construction and agricultural equipment. Their crane product line includes all-terrain, rough-terrain, truck-mounted, and crawler cranes that are widely used in various industries worldwide.

8. Kobelco Construction Machinery Co. Ltd.

Kobelco Construction Machinery Co. Ltd., established in 1999, is a Japanese company that manufactures various types of cranes including crawler cranes, rough-terrain cranes, and telescopic boom crawler cranes. They have a global presence with manufacturing facilities in Japan, India, and the United States.

9. Sany Heavy Industry Co. Ltd.

Sany Heavy Industry Co. Ltd., founded in 1986, is a Chinese multinational company that produces construction machinery and equipment. Their crane product line includes truck-mounted, all-terrain, crawler, and rough-terrain cranes known for their high-quality performance and advanced technology. Sany has a global sales network and exports its products to over 150 countries worldwide.

10. Link-Belt Construction Equipment Co.

Founded in 1874, Link-Belt Construction Equipment Co. is one of the oldest crane manufacturers in the world. They offer a wide range of cranes including rough-terrain, truck-mounted, telescopic boom crawler, and lattice boom crawler cranes known for their reliability and durability. The company also provides excellent aftermarket support through its extensive dealer network globally.

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