Market Share

Crane Aerospace Aftermarket Market Share

Columbus McKinnon Corporation, Liebherr Group, and Demag Cranes & Components hold a significant revenue share of over 15%. The major players are focusing on digital transformation, leveraging data analytics and predictive maintenance technologies to enhance their service offerings. These companies are investing in Internet of Things (IoT) capabilities to monitor aircraft components in real-time, allowing for more efficient and proactive maintenance schedules.
 

Additionally, some companies such as Columbus and Shannahan are increasingly emphasizing the development of more durable and efficient components to reduce maintenance frequency and improve aircraft performance. They are also expanding their global presence, particularly in high-growth regions including Asia Pacific and the Middle East, by establishing local repair and overhaul facilities as well as exploring new business models, such as "power-by-the-hour" contracts, where airlines pay for components and services based on actual flying hours. This approach aims to provide more predictable costs for airlines while ensuring steady revenue streams for aftermarket service providers.
 

Crane Aerospace Aftermarket Market Companies

Major key players operating in the industry are:

• Columbus McKinnon Corporation
• Crane Aerospace & Electronics
• Demag Cranes & Components GmbH
• Eilbeck Cranes Pty Ltd
• GH Cranes & Components S.A.
• Liebherr-International Deutschland GmbH
• Munck Cranes Inc.
• Shannahan Crane & Hoist Inc.
• Shuttlelift, LLC
• Street Crane Company Ltd.
• Weihua Group Co., Ltd.