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Jib Cranes Market Size

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

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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.

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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.

Jib Cranes Market Report Attributes
Report Attribute	Details
Base Year:	2023
Jib Cranes Market Size in 2023:	USD 1.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 1.8 Billion
Historical Data for:	2021 - 2023
No. of Pages:	270
Tables, Charts & Figures:	330
Segments covered:	Product, Load Capacity, Operation Mode, Distribution Channel, Application, End Use
Growth Drivers:	High industrial growth across developing countries Growing demand for efficiency and productivity in equipment handling Safety and ergonomic advantages of Jib cranes Rising urbanization and population growth across suburban areas
Pitfalls & Challenges:	Limited reach and coverage compared to other lifting equipment Intense competition and price pressure

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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.

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)