Top 12 Crane Manufacturers in the World

The global crane market reached US$ 51.8 Billion in 2023. The market is primarily driven by the escalating demand for cranes due to their ability to lift and transport heavy materials that are beyond the capacity of manual labor. In addition, with technological advancements, cranes are able to efficiently fulfill various industrial needs, such as complex lifting and lowering tasks in hazardous environments. They are also capable of operating effectively in severely dusty, smoky areas and extreme weather conditions. This, coupled with the rising product applications in industries such as mining, oil fields, transportation of goods and cargo, warehouse and logistics operations, is also contributing to the market growth.

As per the analysis by IMARC Group, the top crane companies are introducing advanced product variants to strengthen their foothold in the market. For instance, in November 2022, XCMG launched ten advanced electric machines, including XCA60EV, which is the world's first plug-in hybrid crane. Moreover, Liebherr Group has launched a new 520 EC-B crane with fiber rope, with a lifting capacity of 20 tons, and a flat top design that makes it versatile for many applications. Besides this, various leading market players are developing environmental-friendly products to reduce their carbon emissions. Looking forward, IMARC Group expects the market to reach US$ 78.9 Billion by 2032, exhibiting a CAGR of 4% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Crane Manufacturing market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Crane Manufacturing Industry Worldwide

The global dairy market has several major players, including Cargotec Corporation, Konecranes Plc, The Liebherr Group, The Manitowoc Company Inc., Terex Corporation, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Manitex International Inc. (Badger Equipment Company), Broderson Manufacturing Corporation (Lanco International Inc.), IHI Corporation, Link-Belt Cranes (Sumitomo Heavy Industries Ltd.) and Kobelco Construction Machinery Co. Ltd. More information about these companies has been provided below

1. Cargotec Corporation

Cargotec is a company that specializes in cargo handling solutions and related services. The company was founded through the merger of two major Finnish companies, Kone Corporation and Partek Corporation. It operates through three main business areas: MacGregor, Kalmar, and Hiab. MacGregor provides solutions and services for marine cargo and offshore load handling, whereas Kalmar specializes in containers and heavy-duty materials handling equipment, automation, and software solutions. On the other hand, Hiab offers on-road load handling equipment, such as cranes, tail lifts, and truck-mounted forklifts. Cargotec's products and services are used in various industries, including shipping, ports, terminals, distribution centers, and heavy industry. The company operates in over 100 countries and has approximately 11,000 employees.

2. Konecranes Plc

Konecranes Plc is a company that provides lifting equipment and services for various industries, including manufacturing, mining, energy, transportation, and ports. It was founded through the merger of KONE Corporation's crane division and Ramirent, a Finnish rental equipment company. The company's product portfolio includes cranes, hoists, container handling equipment, and automated material handling systems. Besides this, it also offers technological solutions, including remote monitoring and diagnostics, predictive maintenance, and automation solutions that help customers improve their operational efficiency and reduce downtime and has operations in over 50 countries worldwide.

3. The Liebherr Group

The Liebherr Group is a family-owned company that manufactures a wide range of products for various industries, including construction, mining, aerospace, maritime, transportation, and more. The company’s product portfolio includes construction equipment, mining trucks and excavators, tower cranes, mobile cranes, maritime cranes, aerospace components, refrigeration and freezing equipment, and more. The company operates over 140 companies and employs more than 48,000 people worldwide.

4. The Manitowoc Company Inc.

The Manitowoc Company Inc. is a company that designs, manufactures, and distributes cranes and related products for the construction and heavy equipment industries. It offers crawler cranes, tower cranes, mobile cranes, boom trucks, aftermarket parts, services, and support. The company's cranes are used in a variety of applications, including building construction, infrastructure projects, mining, and oil and gas. Manitowoc is known for its focus on innovation and technological advancements, including the development of the patented Crane Control System, which enables crane operators to work more safely and efficiently. At present, Manitowoc has operations in North America, Europe, and Asia, and employs more than 4,500 people worldwide.

5. Terex Corporation

Terex Corporation is a worldwide manufacturer of lifting and material-handling plants for a variety of industries including construction, infrastructure, shipping, quarrying, energy, mining, transportation, recycling, refining and utilities. It manufactures aerial work platforms, cranes, material handling equipment, and crushing and screening equipment. The company also offers aftermarket parts, services, and support for its products. Terex is known for developing advanced technologies such as the Genie Lift Connect telematics system, which provides real-time monitoring and diagnostic information to customers, and the Terex Cranes Smart App, which allows operators to access crane information and control functions from their mobile devices.

6. Xuzhou Construction Machinery Group Co. Ltd. (XCMG)

XCMG Group is a multinational heavy machinery manufacturing company that specializes in construction machinery, including cranes, excavators, bulldozers, loaders, and road machinery. It offers a wide range of construction machinery, such as mobile cranes, tower cranes, crawler cranes, truck-mounted cranes, excavators, road rollers, pavers, and more. The company also provides comprehensive solutions for construction projects, including financing, leasing, and maintenance services. XCMG Group has operations in more than 180 countries worldwide and is one of the largest construction machinery manufacturers in China. The company is committed to sustainability, including reducing its environmental impact and promoting social responsibility in its operations and products.

7. Manitex International Inc. (Badger Equipment Company)

Manitex International Inc. is a global provider of lifting and loading solutions for the material handling and industrial equipment industries. The company designs, manufactures, and distributes a wide range of products, including boom trucks, cranes, rough terrain forklifts, and special mission-oriented vehicles. Its products are designed to meet the needs of customers who require heavy lifting equipment with high performance, reliability, and safety features. Presently, Manitex operates manufacturing facilities in the USA, Italy, and Canada, and has a global network of dealers and distributors.

8. Broderson Manufacturing Corporation (Lanco International Inc.)

Broderson Manufacturing is a US-based company that specializes in the designing, manufacturing, and distributing industrial and rough terrain cranes. The company offers a range of crane models, including carry deck cranes, industrial cranes, and rough terrain cranes. These cranes are designed for use in a variety of industries, including construction, oil and gas, mining, and transportation. Broderson is well-known for producing high-quality, durable cranes that are built to withstand harsh operating conditions. The company is committed to providing its customers with exceptional service and support, and offers a range of after-sales services, including training, maintenance, and repair.

9. IHI Corporation

IHI Corporation is a company that specializes in the design, manufacturing, and distribution of construction machinery and equipment. It offers a range of construction machinery and equipment, including hydraulic excavators, mini excavators, crawler cranes, and wheel loaders. The company's products are designed to be highly efficient, reliable, and durable, and are built to withstand tough working conditions. In addition to its product offerings, IHI provides after-sales services such as maintenance, repair, and training to its customers. The company also places a strong emphasis on environmental sustainability, with a focus on reducing emissions and promoting energy efficiency in its products.

10. Link-Belt Cranes (Sumitomo Heavy Industries Ltd.)

Link-Belt Cranes (Sumitomo Heavy Industries Ltd.) manufactures and sells cranes, excavators, forestry equipment, and material handlers. It also offers a wide range of equipment, including telescopic truck cranes, lattice boom crawler cranes, hydraulic excavators, material handlers, and forestry equipment. In recent years, Link-Belt has emerged as a market leader in crane design and product quality standards by focusing on continuous improvement and employee empowerment.

11. Kobelco Construction Machinery Co. Ltd.

Kobelco Cranes is engaged in the manufacturing and distribution of hydraulic crawler cranes, lattice boom cranes, and telescopic cranes. It provides a range of cranes that are used in a variety of industries, including construction, oil and gas, and shipping. The company's products are known for their reliability, durability, and high performance, and are designed to operate in tough working conditions. Kobelco Cranes places a strong emphasis on innovation and has a history of developing advanced technology in the crane industry. The company's products feature cutting-edge technology, such as the latest hydraulic and control systems, and are designed to be energy-efficient and environmentally friendly.

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