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Premium Report Details
Base Year: 2023
Companies covered: 20
Tables & Figures: 330
Countries covered: 28
Pages: 270
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Jib Cranes Market
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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.