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Jib Cranes Market Trends

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

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.

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)

Jib Cranes Market Scope

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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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