Page 38 - CO_February_2022

Construction Equipment
LEAD STORY CONSTRUCTION EQUIPMENT

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Hoisting Travel Limiter

Antenna
Wind Speed Sensor
Wireless network
communication module
Trolley Travel Limiter
CPU
Monitor
Monitor and Controller Digital Azimuth Sensor

High Speed Hoist Tower Cranes and Anti-Collision Devices
Rebar Processing Equipments

Cranes – Capturing Giant Strides of 6.34% during the forecast period. The projected increase in
According to Research & Markets study, over the last three to demand for construction equipment, worldwide, is an important Stirrup Bender Lattice Girder Machine Weld mesh plant
four years, the Indian crane market has witnessed tremendous driving factor for the mobile cranes market. Various government Infra Equipments
growth fuelled by government initiatives. The COVID-19 pandemic initiatives and the exponential increase in the need for new and
has hindered the growth of the crane market as sectors such improved structures are increasing the market opportunities for the Launching Girder
as energy, manufacturing, construction, and automotive were construction market. The increased need for renewable energy Straddle
affected significantly. The construction sector also witnessed sources, like energy from windmills, is another area of great
a significant decline in the number of projects worldwide as opportunity for the mobile crane market. The compact space
most countries across the world imposed lockdown restrictions, advantage offered by the mobile cranes makes them easier to fit
disrupting the overall supply chain. However, post-pandemic, into cramped-up construction areas for operations. Rough terrain
the market is expected to regain its momentum as economic cranes with high torque and offroad navigating capabilities are in
activities resume and manufacturing activities resume across the high demand in both the construction and mining industries due
world. The implementation of automated technologies to reduce to the operational advantages and efficiency these cranes offer.
human interaction in production facilities and offices is anticipated
to support the growth of the crane market over the projected Tower Cranes
timeframe. Surge in urbanization, exceptional stability offered by tower cranes,
The designs of cranes have evolved to meet the requirements of and rise in investment on renewable energy development fuel
a variety of industries with modern cranes having the capability to the growth of the global tower crane market. Based on type, the
coordinate simple systems to attain complex lifting tasks. A wide hammer head segment held the major share in 2020. According
range of different types of cranes can be used in construction to an Allied Market Research report, the global tower crane market Transporter
projects to lift and move materials and other building elements was pegged at $6.68 billion in 2020 and is estimated to hit $9.90
from one location to another. Cranes can be of multiple types and billion by 2028, registering a CAGR of 4.8% from 2021 to 2028.
can range from a simple rope pulley to a tower crane fixed to the Tower cranes are utilized for lifting and handling goods and
top of a high-rise building. materials. They are powerful equipment and can easily surpass
lifting capabilities of any other type of crane. In addition, it offers
Mobile Cranes extremely high lifting capability and offers peak efficiency, stability,
The mobile crane market was valued at $15.72 billion in 2020, and and precision. Moreover, tower cranes are widely utilized in the
it is expected to reach $22.73 billion by 2026, registering a CAGR construction industry, owing to the high demand for material B-1201/1202, Shelton Sapphire, Plot - 18 & 19, Sector - 15, CBD Belapur, Navi Mumbai - 400614.
Phone: +91 22 20871145 / +91 22 46047330 / +91 22 27570729.
42 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2022 Email: sales@everestengg.in Website: www.everestengg.in