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Home   Machinery and Equipment    Cranes and Lifting Frames

Cranes and Lifting Frames

Global demand for cranes and lifting frames is forecast to expand 2.0% p.a. between 2016 and 2020. Currently, bridge and transporter cranes account for 30.9% of the global demand while the remaining market share is divided between cranes for mounting on road vehicles (7.3%), overhead travelling cranes on fixed support (6.5%), pedestal and portal jib cranes (8.7%), straddle carriers and mobile lifting frames on tyres (2.9%), tower cranes (10.3%), self-propelled lifting frames and cranes on tyres (13.3%), other self-propelled lifting frames and cranes (15.3%) and other cranes and lifting frames (4.9%).

China, Cyprus, Japan, Philippines and the United States are considered the highest potential markets in the coming years. China, Germany, Japan, South Korea and the United States represent the largest crane and lifting frame markets while the strongest annual growth is forecast to occur in Cyprus (18.3%), Philippines (12.1%), Ethiopia (11.0%), Lebanon (9.1%) and Bangladesh (8.8%).

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