Report: Crane Sector Largely Unaffected by Economic Slowdown

Report: Crane Sector Largely Unaffected by Economic Slowdown

The number of cranes owned by the world’s 50 largest crane rental companies has remained almost unchanged during the last four years, despite the global economic slowdown, according to the World Crane Report by KHL Group.

Since 2008, numbers have ranged from 21,467 to 22,002 cranes.

The total lifting capacity of the fleet, however, has continued to climb. At 4.98 million tons in 2012, it was 47 percent higher than in 2008 and more than 200 percent greater than the 2003 level.

The growth in capacity throughout the last four years, taken with flat crane numbers, implies that the 50 largest crane rental companies have adopted a policy of replacing smaller cranes with higher capacity units, the report concluded.