Jib Cranes Market Size - By Product (Wall-mounted, Pillar-mounted), By Load Capacity (Light Duty, Medium Duty, and Heavy Duty), By Operation Mode (Manual, Semi-automatic, Fully-automatic), By Distribution Channel, By Application, By End Use & Forecast, 2024 – 2032

Jib Cranes Market Size

Jib Cranes Market was valued at USD 1.1 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 and 2032. Rapid industrial growth in sectors such as manufacturing, construction, logistics, and warehousing across developing regions is driving market growth.
 

In industrial settings, safety is of critical significance, and jib cranes are essential for providing secure load handling and lifting. Jib cranes improve workplace safety and ergonomics by lowering the risks of mishaps, injuries, and orthopedic issues related to manual lifting.
 

The principal challenge associated with jib cranes is their restricted coverage and reach in comparison to other kinds of lifting apparatuses such as overhead cranes or gantry cranes. Jib cranes may not be able to handle loads over longer distances or reach regions within a building due to their sometimes fixed or limited range of motion.
 

Jib cranes are subject to load constraints and specific lifting capacities that are determined by various criteria including structural integrity, boom length, and design configuration. Exceeding the rated capacity of a jib crane can lead to accidents, injuries, and structural failures. As a result, it is critical to follow load limitations and accurately determine the mass and dimensions of loads being lifted.
 

Jib Cranes Market Trends

Automating processes to increase productivity and efficiency is one of the emerging trends in jib crane design. This involves automating repetitive processes such as load positioning, rotation, and stacking by utilizing sensors, actuators, and Programmable Logic Controllers (PLCs). Jib cranes that are automated can increase productivity, lower labor expenses, and simplify material handling procedures in warehouse, logistics, and industrial settings. For instance, in October 2023, Grenada launched swing jib cranes to enhance workspace efficiency for users. The new product launch was in line with the company’s initiative to integrate the lifting offerings.
 

Jib crane manufacturers are integrating intelligent and networked functionalities into their machines to provide real-time diagnostics, predictive maintenance, and remote monitoring. The utilization of Internet of Things (IoT) sensors, telematics, and cloud-based platforms enables crane operators to monitor the health of their equipment, track crane performance, and receive notifications regarding maintenance or repair needs. Smart jib cranes enhance reliability, uptime, and safety by providing actionable insights about equipment usage and condition.
 

Jib Cranes Market Analysis

Based on product, the wall-mounted jib cranes segment was worth over USD 600 million in 2023. For buildings with limited floor space, where overhead cranes or standard floor-mounted cranes might not be practical, wall-mounted jib cranes are the best option. These cranes improve usable floor space and enable effective material handling in restricted spaces by mounting directly to the existing walls or columns.
 

Jib cranes installed on walls provide users with the flexibility and dexterity to precisely position loads inside a predetermined work area. These cranes offer the most coverage and reach possible with 180- or even 360-degree rotation capabilities, allowing operators to handle materials effectively and effortlessly.
 

Based on application, the material handling segment is anticipated to register a CAGR of over 6% from 2024 to 2032. Jib cranes are frequently used in manufacturing & assembly procedures to elevate and arrange bulky parts, machinery, and supplies. By facilitating effective material flow between production cells, assembly lines, and workstations, they lower the need for manual handling, boost output, and cut down on downtime.
 

Jib cranes are essential for transporting palletized items, loading & unloading trucks, and inventory organization in warehouses and distribution facilities. Jib cranes that are wall- or pillar-mounted offer precise and adaptable material handling solutions that optimize storage capacity, expedite order fulfillment, and guarantee on-time delivery of goods.
 

North America dominated the global jib cranes market with a major share of over 35% in 2023. Numerous industries, such as manufacturing, construction, aerospace, mining, and logistics, are based in North America. As manufacturing, assembly, and logistics industries continue to grow and modernize, the demand for effective material handling solutions such as jib cranes is increasing.
 

The industrial landscape of Europe is diversified and includes the manufacturing, automotive, aerospace, construction, and other industries. The growth of these sectors fuels the need for material handling machinery, such as jib cranes, which improve productivity, expedite production, and optimize logistics.
 

Asia is a global leader in manufacturing, with nations such as China, Japan, and South Korea at the top in industries including electronics, machinery, steel, and automobiles. Jib cranes play a crucial role in material handling and assembly procedures within manufacturing facilities, highlighting the importance of lifting equipment.
 

With large expenditures made in petrochemicals, production, exploration, and refining, the UAE is a prominent participant in the oil & gas sector. In oil & gas facilities, jib cranes are utilized for installation, maintenance, and repair operations, enabling the lifting and placement of equipment, pipes, valves, and other components.
 

Jib Cranes Market Share

Konecranes, XCMG Grou Ingersoll Rand, and Columbus McKinnon held significant market share of over 17% market share in 2023. focuses on innovation in crane technology, such as incorporating automation, digitalization, and safety features into their jib crane offerings. They also expand their product range to address specific industry needs and enhance their global presence through partnerships and acquisitions.
 

Rivals in the jib crane industry set themselves apart through the scope and depth of their product lines. They offer various types of jib cranes, including wall-mounted, pillar-mounted, floor-mounted, articulating, and portable models, to meet the diverse needs and applications of their customers. Additionally, they may offer customizable options to accommodate specific workspace configurations and provide comprehensive training and support services to their customers.
 

Jib Cranes Market Companies

Major players operating in the jib cranes industry are:

• Abus Crane Systems Ltd.
• Columbus McKinnon Corporation
• Demag Cranes & Components GmbH
• Gorbel Inc.
• Ingersoll Rand Inc.
• J. Barnsley Cranes Ltd.
• Konecranes Plc
• Liebherr-International AG
• Spanco, Inc.
• STAHL CraneSystems GmbH
• Zhenhua Heavy Industries Co., Ltd. (ZPMC)
   

Jib Cranes Market News

• In April 2024, Liebherr launched a new hydraulic luffing jib crane named the 195-HC-LH 612. With the new offering, the company has expanded its range of jib crane product offerings.
   
• In March 2024, Konecranes launched a new X-series of connected and smart industrial jib cranes to tap opportunities across various end-user industries. This advancement in connectivity strengthens Konecranes' position as an innovation leader in digital services.
   
• In April 2022, Demag launched freestanding pillar-based wall-mounted jib cranes to enhance work safety. The DCBS Electric Balancer, D-BP II Air Balancer, and DC Chain Hoists are completely integrated with new Demag jib cranes.
   

This Jib cranes market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion), and volume (Units) from 2021 to 2032, for the following segments:

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Market, By Product

• Wall-mounted jib cranes
• Pillar-mounted jib cranes

Market, By Load Capacity

• Light duty (up to 5 tons)
• Medium duty (5-10 tons)
• Heavy duty (more than 10 tons)

Market, By Operation Mode

• Manual
• Semi-automatic
• Fully automatic

Market, By Distribution Channel

• Direct sales
• Distributors/wholesalers
• Online retailers

Market, By Application

• Material handling
• Assembly line
• Loading/unloading
• Maintenance & repair
• Others

Market, By End Use

• Manufacturing
• Construction
• Automotive
• Aerospace & defense
• Warehousing & logistics
• Shipbuilding
• Mining
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Belgium
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Vietnam
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • South Africa
  • UAE
  • Saudi Arabia
  • Iran
  • Turkey
  • Rest of MEA