
Craning Forward
Use of heavy duty mobile crane in Indian industries is a sign of increase in investments in construction, cement, steel, wind and power sectors. Despite uncertainties, the India crane market is expected to exhibit moderate growth during 2021-2026.
Use of heavy duty mobile crane in Indian industries is a sign of increase in investments in construction, cement, steel, wind and power sectors. The market for all terrain cranes is predicted to accelerate owing to the expansion of cement plants, construction industry, infrastructure projects and the increased business potential of ship building and repair industry. Also, the increasing competition in the market is expected to drive further the crane rental rates resulting in overall growth of all terrain crane revenue share.
The India crane market is primarily driven by the increasing construction and infrastructural activities in the country. Cranes are used in various processes and discrete industries like power, oil and gas, civil engineering, construction, and petrochemical industries to lift and transport heavy materials that are beyond manual labour capability. Furthermore, the Government of India is spending a considerable amount of money on the development of the nation’s infrastructure like roads, airports, railways, commercial spaces, and housing establishments, which is positively impacting the market growth.
Demand drivers
Manish Mathur, CEO – Cranes, Action Construction Equipment, said “The overall outlook for next couple of years for pick and carry, and medium and heavy duty mobile cranes is positive. While we expect a sustainable growth on YoY basis, but due to pandemic, we might see some hiccups in between. But clearly, mobile cranes market in India will grow in the next three to four years.”Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association (CERA), feels that the scenario in India is encouraging due to two reasons – first, the paradigm shift towards buying new cranes from importing used cranes; second, the increase in use of heavy duty mobile crane in construction, cement, steel, wind and power sectors. “In India, it is the all-terrain cranes, crawler cranes, rough terrain cranes that dominate the market due to their versatility and operation efficiency.”
“The major demand driver for the mobile cranes market is the development of Gujarat International Finance Tec-City (GIFT), which is India’s first operational smart city and international financial services centre,” says Karan Chechi, Director, TechSci Research.
Added Chechi, “The medium-duty mobile cranes market revenue is anticipated to witness steady growth over the forecast period owing to their load lifting capacity and performance in both small and medium-range operations.”
According to Subhajit Chandra, Divisional Head – Mobile Crane Division, Liebherr India, “All terrain dominates the market owing to growth in the construction sector across India due to his versatility and operation efficiency. Use of heavy-duty mobile crane in Indian industries is the sign of increase in investments in construction, cement, steel, wind and power sectors are factors for the market growth. Liebherr make 450T to 1200T capacity all terrain cranes used in wind mills applications, infrastructure sectors, construction of elevated corridors, lifting the chillers and much critical applications in the industry.”