| |February - 20215Cranes have become essential equipment for usage in heavy industry. Be it construction, mining or any other heavy industry, cranes are being used to lift and move the heavy load. The rapid development of the infrastructure development sector due to several new construction & refurbishment projects is creating a high demand for cranes. Increasing government and private investments in the new construction projects to provide better infrastructure facilities are supporting the crane market growth further. As the applications rise, the manufacturers of cranes are looking to meet the varying and evolving challenges of customers. It is resulting in catapulting the cost of cranes. Hence, a direct impact of that is on the market share wherein because of the high initial cost required in purchasing these new machines, many customers are looking for different options such as renting. The maintenance & servicing cost associated with these cranes is high as well due to the costly replacement of parts and unavailability of certified servicing facilities in several regions. High initial investments in procuring these machines have discouraged several businesses, manufacturers, and enterprises in purchasing them. As a result, customers are moving toward rental and leasing options. If we look at the models being used in the crane market in India, mobile models have been witnessing high demand across applications due to technical and safety features offered in new machines. These machines have several benefits such as high material handling and lifting capacities, fast set up operations, and easy handling features compared to other models. With the evolving market, the crane manufacturers are adapting and coming up with several newer models. We studied this industry segment in-depth and have come up with the list of Top 10 Crane Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the end-to-end customer requirements, these companies have stood out from the crowd. We look forward to receiving your feedback. Sudhakar SinghEditorsudhakar.singh@theindustryoutlook.comLifting the Load of Heavy Industry Vol 2 · Issue 7-1 · February - 2021Publisher Alok ChaturvediEditor Sudhakar Singh Editorial Team Janifha Evangeline Samrat Pradhan Hridkamal Roy Aveek Pal Chaudhuri Art & Graphics Ashok Kumar Mohan Krishnan GM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalCover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2021 SiliconMedia Technolo-gies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permis-sion from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. | | December 20194
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