Top 5 Crane and Hoist Companies

The crane and hoist market is projected to grow from USD 34.68 billion in 2025 to USD 41.56 billion by 2030, at a CAGR of 3.7%. Substantial demand from the construction industry is a key factor driving the adoption of cranes and hoists to support heavy-duty lifting and material movement at project sites. At the same time, the increasing requirement for efficient material handling equipment in the mining industry is prompting manufacturers to offer robust and high-capacity lifting solutions tailored to harsh environments. The ongoing expansion and modernization of the shipping industry also fuels the demand for advanced crane systems to support port operations, cargo handling, and logistics. Stricter safety regulations, labor shortages, and growing focus on automation further encourage investments in intelligent, connected lifting systems. Additionally, integrating smart technologies, such as remote operation and real-time monitoring, contributes to sustained demand for modern crane and hoist equipment across industrial sectors.

Some major players in the crane and hoist market with significant global presence include Konecranes (Finland), Liebherr (Switzerland), Tadano Ltd. (Japan), The Manitowoc Company, Inc. (US), and Zoomlion Heavy Industry Science & Technology Co., Ltd. (China). These companies have adopted organic and inorganic growth strategies, such as collaborations, acquisitions, product innovations, joint ventures, and geographic expansions, to enhance their global footprint and competitive position. By implementing these strategies, they have successfully strengthened their presence in key regions and expanded their influence in the worldwide crane and hoist market.

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Major Crane and Hoist Companies Include:

• Konecranes (Finland)
• Liebherr (Switzerland)
• Tadano Ltd. (Japan)
• The Manitowoc Company, Inc. (US)
• Zoomlion Heavy Industry Science & Technology Co., Ltd. (China)
• Terex Corporation (US)
• Ingersoll Rand (US)
• PALFINGER AG (Austria)
• Columbus McKinnon Corporation (US)
• KOBE STEEL, LTD. (Japan)
• XCMG Group (China)
• Sumitomo Heavy Industries, Ltd. (Japan)
• ABUS Kransysteme GmbH (Germany)
• Mammoet (Netherlands)
• KATO WORKS CO., LTD. (Japan)

In June 2025, Liebherr (Germany) delivered two new mobile cranes to Mikschl Autokrane GmbH (Germany) for its fleet expansion. The investment includes the compact LTM 1070-4.2 and the high-capacity LTM 1230-5.1, enhancing lifting performance, efficiency, and versatility. This move grows Mikschl’s fleet to nine cranes, reinforcing its commitment to modern, reliable equipment.

In May 2025, Konecranes (Finland), a global provider of heavy-duty lifting equipment, entered into a distributor agreement with Terberg Special Vehicles (Netherlands), a leading manufacturer of specialized industrial vehicles. The partnership is set to enhance Konecranes' presence in the Belgian material handling equipment market. Under the agreement, Terberg Special Vehicles will sell and service Konecranes lift trucks across Belgium, supported by its advanced sales and support center in Gent.

In April 2025, Manitowoc launched the Potain MCR 815, a powerful new luffing jib crane from its China factory. It features a maximum capacity of 64 t, double that of its previous largest model. Designed for congested job sites, it includes a 70 m jib with a compact out-of-service radius of just 16 m. The crane also boasts a high-performance winch delivering line speeds up to 185 m/min, making it ideal for demanding infrastructure projects such as bridges, nuclear plants, and high-rise buildings.

Konecranes

Konecranes is a leading company that designs, manufactures, and provides crane maintenance services. The company offers industrial lifting equipment and services worldwide. It operates through three business segments—Ports Solutions, Industrial Equipment, and Service. The Industrial Equipment segment provides a comprehensive range of lifting solutions, including standard-duty and heavy-duty industrial cranes and workstation lifting systems such as light crane systems and load manipulators. It also provides essential lifting components, including wire rope and electric chain hoists. In addition, the company supplies specialized equipment, including nuclear cranes, container and bulk handling systems, shipyard cranes, and lift trucks. The Service segment supports customers through crane inspection and preventive maintenance programs, repair services for hoists and cranes, spare parts supply, modernizations, and expert consultation. It also delivers remote services, including periodic data reporting, real-time diagnostics, technical support, and production monitoring. The Port Solutions segment delivers advanced cranes tailored for port operations, ensuring efficient cargo handling and operational reliability.

Liebherr

Liebherr is one of the leading manufacturers of construction and mining equipment. The company is mainly engaged in the construction machinery and services business worldwide. It operates through 13 business divisions: Earthmoving, Material Handling Technology, Deep Foundation Machines, Mining, Mobile and Crawler Cranes, Tower Cranes, Concrete Technology, Maritime Cranes, Aerospace and Transportation Systems, Gear Technology and Automation Systems, Refrigerators and Freezers, Components, and Others. Liebherr offers a wide range of cranes in the crane and hoist market through its Tower Cranes, Maritime Cranes, and Mobile and Crawler Cranes divisions.

Market Ranking

The crane and hoist market is highly competitive, with several major players holding a significant market share. These leading companies include Konecranes (Finland), Liebherr (Switzerland), Tadano Ltd. (Japan), The Manitowoc Company, Inc. (US), and Zoomlion Heavy Industry Science & Technology Co., Ltd. (China). Konecranes is known for its advanced lifting technologies and service solutions, catering to a wide range of industries with a strong global footprint. Liebherr offers high-performance cranes renowned for precision, durability, and innovative engineering, particularly in construction and industrial applications. Tadano Ltd. specializes in mobile and rough terrain cranes, delivering compact and powerful lifting solutions for diverse jobsite conditions. The Manitowoc Company, Inc. is recognized for its tower and crawler cranes, which are designed for large infrastructure projects, focusing on efficiency and modular design. Zoomlion, one of China's largest construction machinery manufacturers, provides a broad portfolio of cranes combining competitive pricing with advanced technological capabilities. The remainder of the market comprises regional and emerging players delivering specialized, cost-effective lifting solutions.

Related Reports:

Crane and Hoist Market by Mobile Cranes (Lattice Boom, Telescopic Boom, Crawler, Rough Terrain, All-Terrain, Truck-Loader), Fixed Cranes (Industrial, Tower, Ship-to-Shore), Operation (Hydraulic, Electric), Hoist Type, Region - Global Forecast to 2030

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