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Fixed Cranes Market Share

Report ID: GMI9327
Published Date: May 2024
Report Format: PDF

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Fixed Cranes Market Share

Liebherr Group and Terex Corporation hold a significant market share of over 24% in the fixed cranes industry. In the market, competition is fierce among leading manufacturers vying for market share. These companies continuously innovate to offer a diverse range of crane solutions tailored to meet the specific needs of various industries. Additionally, there is intense competition in providing comprehensive aftermarket services, including maintenance, spare parts, and technical support, to ensure customer satisfaction and loyalty.

Moreover, the market landscape is characterized by strategic alliances and partnerships between crane manufacturers and technology providers to integrate advanced features such as automation, IoT, and AI into crane systems. Such collaborations enable companies to stay ahead in the market by offering cutting-edge solutions that enhance crane performance, efficiency, and safety.

Fixed Cranes Market Companies

Major players operating in the fixed cranes industry are:

Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
Konecranes
Liebherr Group
Manitowoc Company
Sany Heavy Industry Co., Ltd.
Sumitomo Heavy Industries, Ltd.
Tadano Ltd.
Terex Corporation
XCMG Construction Machinery Co., Ltd.
Zoomlion Heavy Industry Science & Technology Co., Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of fixed cranes was reached USD 7.7 billion in 2023 and will grow at over 6% CAGR between 2024 and 2032, due to the increasing integration of digital technologies.

Fixed cranes industry from the tower crane product segment will exceed USD 4 billion by 2032, driven by the increasing demand for high-rise construction projects.

North America fixed cranes market held a revenue share of over 32% in 2023 and will expand rapidly till 2032, owing to the adoption of advanced automation and digitization.

Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Konecranes, Liebherr Group, Manitowoc Company, Sany Heavy Industry Co., Ltd., and Sumitomo Heavy Industries, Ltd. among others.