Market Insight of Crane Manufacturers in India
It is expected that the market of crane manufacturers in India will grow from USD 14.19 billion to USD 21.64 billion by 2020 along with a CAGR of 5.66%, during 2018-2023. This is because of increasing demand for oil and gas, increased offshore spending and hence increased investment by crane manufacturers in India to improve the quality and efficiency of the machine tools.
Design and types of cranes
Cranes follow the principle of conservation of energy. This means the energy put into the machine should be more than the energy delivered to the load. The major points that crane manufacturers in India keep in mind while designing cranes is that:
-The crane must not rupture
– It must not topple.
-It must be able to lift the load.
Thee crane manufacturers in India manufacturer varied range of cranes like mobile crane, truck-mounted crane, side lift crane, rough terrain crane, all terrain crane, crawler crane, aerial crane, fixed crane, tower crane, hammerhead crane, overhead crane, deck crane, jib crane, bulk-handling crane et al. These cranes have simplified the processes in construction, mining, manufacturing and automotive industries.
Cranes for offshore platforms have strict manufacturing standards because of dynamic load on the crane.
The Indian crane industry is split into the organized sector and unorganized sector. There are over 200 crane manufacturers in India. The Indian crane market is highly fragmented and the competition is split up geographically.
30% of crane manufacturers in India are of government whereas 70% are of the private sector.
The key drivers of growth for crane manufacturers in India are increasing demand in automobile and shipbuilding, road construction, power, railways, infrastructure
India is an established vendor base and technical talent base. Moreover, because of the availability of low manpower costs, the coming years will pave the way for India to be the focus of R&D and innovation.One exciting trend in the crane market is that Indian crane manufacturers are associating with foreign majors. This remarkable trend will definitely help the Indian crane manufacturers on the technological front and will lead to an improvement in price and cost efficiency.
“With increased investments in infrastructure projects and entry of global players in construction and project execution, safety norms are now of the utmost importance and becoming more and more stringent. “
– JCB’s Nigel Chell
1) Escorts Limited
Lately, leading crane manufacturer in India, Escorts Ltd. entered into a joint venture with Japan’s Tadano Ltd. Tadano Ltd owns a 51 per cent stake in the joint venture company. The focus will be on R&D and direct selling in the market.
“We are confident that the joint venture will enable us to tap the opportunity market segments and reinforce our leadership in construction equipment space.”
– Nikhil Nanda (Chairman and MD, Escorts Ltd.)
2) Electro Mech
Electro Mech is a crane manufacturer in India which has a tie-up with Stahl CraneSystems GmbH and has also entered into a joint venture with China-based Zoomlion. It has the country’s largest crane manufacturing plant in Pirangut, Pune. It is one of India’s largest integrated crane Established in 1979, they are an exclusive India partner of ABUS Crane Systems, Germany.
3) Palfinger Cranes India
It is one of the leading crane manufacturers in India of marine and offshore cranes. In India, it is based in Chennai and is the wholly-owned subsidiary of Palfinger AG, Austria. It has over 4500 centres located in 130 countries across the world. The unit started production at its Chennai facility in July 2010. Since then it is bearing the No 1 flag bearer in the Indian market.
4) Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd
Founded in 2002, the company is based in Tokyo, Japan. It sells its products through its distributor’s network.
Mammoet began its operations 50 years before the first combustion engine was developed. It has continuously helped oil companies to expand their offshore capabilities. It is a privately held Dutch company and also has centres in has offices in North America, South America, the Middle East, Africa and Asia.
The Crane Manufacturers in USA is directly related to many economic indicators of the country. Any change in economic indicators has a direct impact on the industry. In today’s scenario, robust domestic growth rates increased spending on infrastructural facilities, India provides lucrative investment opportunities for both the Crane Manufacturers in India as well as foreign suppliers whose sales are dwindling in home countries.