Cranes 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.
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