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Jib Cranes Market Share

Report ID: GMI9395
Published Date: May 2024
Report Format: PDF

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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)

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of jib cranes was valued at USD 1.1 billion in 2023 and is estimated to register over 5.5% CAGR between 2024 and 2032, owing to rapid industrial growth in sectors, such as manufacturing, construction, logistics, and warehousing across developing regions.

Wall-mounted jib cranes industry size surpassed USD 600 million in 2023, driven by the flexibility and dexterity to precisely position loads inside a predetermined work area.

North America jib cranes market accounted for over 5% revenue share in 2023, attributed to the strong demand for effective material handling solutions.

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 and Zhenhua Heavy Industries Co., Ltd. (ZPMC)