Jib Cranes Market Analysis

Jib Cranes Market Analysis

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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.