Page 32 - CO January 2022

LEAD STORY CRANES - TOWER & MOBILE

CRANES – LITTLE & LARGENES – LITTLE & LARGE
CRA

In 2019, India became According to Research & Markets study, property of lifting and transporting extremely
the 15 leading exporter over the last three to four years, the Indian heavy materials that are beyond the capability
th
of manual labor. Cranes have been designed
crane market has witnessed tremendous
of cranes in the world. growth fuelled by government initiatives. with such a technology that they can efficiently
This position will further The COVID-19 pandemic has hindered the fulfil various industrial needs of achieving
improve in future as growth of the crane market as sectors such complex lifting and lowering tasks and that
the government has as energy, manufacturing, construction, too in very dangerous environments. Catalysed
ambitious plans to and automotive were affected significantly. by rising industrialization and urbanization, the
bolster infrastructural The construction sector also witnessed a construction industry has witnessed strong
significant decline in the number of projects
growth over the last few decades. Both
development in the worldwide as most countries across the world residential and non-residential construction
country. If research reports imposed lockdown restrictions, disrupting has witnessed strong growth in both emerging
are anywhere to go by, the overall supply chain.However, post- and developed markets. This has resulted in a
Indian crane market size pandemic, the market is expected to regain continuous growth in the demand of various
is estimated to be valued its momentum as economic activities resume types of cranes. Growth in a number of other
at $1.3 billion, growing at and manufacturing activities start across the end-use industries such as mining; automotive;
oil and gas; etc., have also created a positive
world. The implementation of automated
a CAGR of 5.56% during technologies to reduce human interaction in impact on the global demand of cranes.
2021-2027. Automated production facilities and offices is anticipated A rough terrain crane is preferred due to
safety features added to support the growth of the crane market over its compact frame. They are suitable for
recently in the products the projected timeframe. navigating through and lifting in confined
will provide players a The designs of cranes have evolved to meet areas. The construction of the Gujarat
significant edge over the requirements of a variety of industries International finance Tec-city (GIFT city) boosts
with modern cranes having the capability to
the development of new projects in the region.
other players. Going coordinate simple systems to attain complex Thereby driving demand for tower cranes as
ahead, advancements lifting tasks. A wide range of cranes can be they are commonly used to build tall structures
in technology and used in construction projects to lift and move such as skyscrapers.
facilities will further boost materials and other building elements from
the production and one location to another. They can be of The all-terrain crane segment is expected to
product portfolio for the multiple types and can range from a simple dominate the market:
companies operating in rope pulley to a tower crane fixed to the top With the growing construction industry and
industrial developments, all-terrain cranes are
of a high-rise building.
India writes, The global demand for cranes has been all set to gain significant traction across the
PRERNA SHARMA. continuously rising driven by their unique globe. All-terrain cranes are widely used by

32 CONSTRUCTION OPPORTUNITIES|JANUARY 2022