Crane and Hoist Companies - Konecranes (Finland) and Liebherr (Switzerland) are the Key Players
The Crane and Hoist market is expected to grow from USD 31.5 billion in 2023 to USD 37.1 billion by 2028, at a CAGR of 3.3% during the forecast period.
A crane is a large, complex machine designed for lifting and moving heavy objects vertically and horizontally. It consists of various components such as a hoist, trolley, boom, and hook suspended by cables or chains. Cranes are commonly used in construction sites, manufacturing facilities, ports, and other industrial settings to lift and transport heavy materials and goods. A hoist is a simpler lifting device primarily focused on raising or lowering loads vertically. It typically comprises a motorized or manually operated mechanism with a drum or pulley system around which a chain or wire rope is wound. Hoists are often used in conjunction with a trolley or beam to move loads horizontally along a fixed path. They are commonly found in warehouses, workshops, and construction sites for lifting and positioning heavy items.
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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), and others are some of the key players in crane and hoist market.
Konecranes
Konecranes is one of the leading companies in the designing, manufacturing, and maintenance of cranes. The company provides industrial lifting equipment and services worldwide. It operates through three business segments—Ports Solutions, Industrial Equipment, and Service. The Industrial Equipment segment offers industrial cranes, such as standard-duty and heavy-duty cranes, and workstation lifting systems, such as light crane systems and load manipulators. Various lifting components offered by the company include wire rope hoists and electric chain hoists. In addition, the company offers nuclear cranes, container and bulk handling equipment, shipyard cranes, and lift trucks. The Service segment conducts crane inspection and preventive maintenance programs, as well as provides hoist and crane repairs, spare parts, modernizations, and consultation services. It also offers remote services consisting of periodic data reporting, real-time diagnostics, technical support, and production monitoring. The Ports Solutions segment offers cranes used at ports.
Liebherr
Liebherr is one of the leading manufacturers of construction and mining equipment. The company is mainly engaged in the business of construction machinery and services 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. In the crane and hoist market, the company offers various types of cranes through the tower cranes, maritime cranes, mobile and Crawler cranes business divisions. Liebherr is one of the leading manufacturers of construction and mining equipment. The company is mainly engaged in the business of construction machinery and services 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. In the crane and hoist market, the company offers various types of cranes through the tower cranes, maritime cranes, mobile and Crawler cranes business divisions.
Related Reports:
Crane and Hoist Market by Mobile Cranes (Lattice & Telescopic Boom, Crawler, Rough Terrain, All-Terrain, Truck Loader), Fixed Cranes (Industrial, Tower, Ship-to-Shore), Operation (Hydraulic, Electric), Hoist, Industry and Region - Global Forecast to 2028
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