Sunday, January 24, 2021

Industry Focus- Cranes- Tower & Mobile

Of Height & Might

 

The market for cranes is growing rapidly in the country and globally owing to the increasing demand from the construction sector. The evolving designs, along with high load-lifting capacity is expected to serve the requirements of various industries including complex manufacturing, telecommunication worksites and shipbuilding. Through this article, we feature two of the most favored segments of cranes – Mobile & Tower cranes. Each having their own inherent potential, here we bring to you the driving factors and the technological advancements shaping up in these two globally…writes PRERNA SHARMA.

 

The earliest evidence of cranes dates back to around the 6th century B.C., when the Greeks used them to lift construction materials. While cranes have changed in the centuries since, they have been unable to embrace the kinds of rapid advancements in technology as seen with other machinery. This is primarily because of the longer lifetime of these cranes and the heavy capital expenditure involved. Owners were thus not keen to further invest in technology upgrades for their equipment. Now, however, manufacturers have started increasing their research and development spend and are collaborating with technology companies to add new features to their equipment in order to aid autonomous functionality. This is enabling crane operators to be able to simply select a location and instruct the crane to automatically move to that location without requiring any manual operation.

 

The global crane market reached a value of $47 Billion in 2019. The mechanical advantages created by various components on the crane can generate powerful strength. The designs of cranes have evolved to meet the requirements of a variety of industries with modern cranes having the capability to coordinate simple systems to attain complex lifting tasks. A wide range of different types of crane can be used in construction projects to lift and move materials and other building elements from one location to another. Cranes can be of multiple types and can range from a simple rope pulley to a tower crane fixed to the top of a high-rise building. The choice of crane for a particular application will depend on a number of different factors.

 

The global demand of cranes has been continuously rising driven by their unique property of lifting and transporting extremely heavy materials that are beyond the capability of manual labor. Cranes have been designed with such a technology that they can efficiently fulfill various industrial needs of achieving complex lifting and lowering tasks and that too in very dangerous environments. Cranes can function well even in severely dusty, smoky areas including the areas with extreme weather. Moreover, cranes have multidimensional uses. They are not only used in construction but are equally useful in the fields of mining; oil fields; transportation of goods and cargo; warehouse and logistics operations; etc.

 

Catalyzed by rising industrialization and urbanization, the construction industry has witnessed strong growth over the last few decades. Both residential and non-residential construction has witnessed strong growth in both emerging and developed markets. This has resulted in a continuous growth in the demand of various types of cranes. Growth in a number of other end-use industries such as mining; automotive; oil and gas; etc., have also created a positive impact on the global demand of cranes.

 

In India, the construction sector is one of the booming industries. The construction sector in the country is expected to grow twice as fast as China’s till 2030, given the country’s population. The infrastructure sector is an important pillar for the growth of the Indian economy. The government is taking various initiatives to ensure time-bound creation of excellent infrastructure in the country. All these factors will greatly impact the dynamics of cranes in the country. The India crane market is currently witnessing moderate growth. The government 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.

 

 

 

Tower crane market

 

Tower cranes are crucial equipment, and modern types of balance cranes offer ideal blends of lifting capacity and height and are used in various sectors for a range of applications. The equipment is mostly used for lifting and transporting heavy loads. The equipment generally comprises one or more simple machines to gain mechanical advantages that are beyond the normal human capability. Tower cranes have many applications, including loading and unloading of heavy freight in the transport industry, and can also move larger volumes of materials in the construction industry and can be used to assemble large and heavy machinery in the manufacturing industry.

 

Growth of the global market is driven by various factors such as rising repair tasks and rehabilitation of new and existing infrastructure, increasing construction and infrastructure projects in private and public sectors etc. In addition, robust development of residential and commercial complexes along with increasing urbanization and growing global population are other factors expected to fuel growth of the global market. Furthermore, growth of some other major industries such as oil & gas, and marine & sea ports is expected to drive growth of the global market.

 

The growing demand for high-rise buildings is one of the key factors driving the global tower crane market growth, according to Technavio. With global population exploding, the demand for high-rise buildings is also growing, as they offer effective and economical accommodation solution. Tower cranes are used for construction, particularly in compact and closed spaces, particularly high-rises due to their operational efficiency. Consequently, an upsurge in the construction of high-rises will accelerate the demand for tower cranes and drive the tower crane market growth.

 

The emergence of luffing jib tower cranes is one of the most crucial tower crane market trends which will further propel the market growth. Luffing jib tower cranes are commonly used in large projects and to install industrial equipment, which requires large lifting capacity, high landing accuracy, and high safety. Subsequently, luffing jib tower cranes provide improved operational efficiency when several cranes are working on site simultaneously. The tower crane market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 6% in the future.

 

 

 

Mobile Cranes

 

The mobile crane market size has the potential to grow by $1.39 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Technavio’s market research analyst predicts the global mobile crane market to grow steadily at a CAGR of almost 2% during the forecast period. One of the primary factors driving the market growth is the rapid development in the power distribution sector across the globe. Mobile cranes are extensively used during construction and maintenance activities in power distribution. The increasing demand for energy is leading to the expansion and upgrading of power grids and distribution networks. The rising investments in the energy transmission and distribution (T&D) networks and the upgrading and expansion of existing networks will increase the demand for mobile cranes in the sector. The application of smart grid solutions for power transmission and expansion is also boosting the industry to upgrade existing systems. This rising demand from the power sector is expected to propel the global mobile crane market growth during the forecast period.

 

According to the Insight Partners, the truck cranes are amongst the largest selling mobile crane types in the world, due to its flexibility in lifting and ability to travel. Truck cranes are mainly used in infrastructure development/ construction projects such as buildings, bridges, airports, roadways, and other commercial & residential projects. In general, these types of cranes can travel on highways, without need of special equipment to transport the crane. Truck cranes are a perfect solution for movable crane applications, it can be moved from job-to-job with fast on-site setup. They provide a cost-effective solution compared other mobile cranes especially all-terrain cranes. Besides this, truck crane also offers ease of operation and transportation as well as overall lower per unit cost/ rental cost as compared to other cranes (particularly all-terrain cranes). Thus, the truck cranes in mobile crane market is projected to provide numerous lucrative business opportunities for the market players in the future.

 

The growing popularity of telematics in various types of machines is one of the key mobile crane market trends. This global positioning system (GPS)-based technology offers many benefits to equipment owners and fleet managers. The advantages of telematics such as increased operational efficiency and profitability have compelled firms to adopt this technology. The data from telematics help operators in performing a detailed analysis of the operation of the equipment, its location, fault codes, and many other features, all of which can yield higher profits for the company. These advantages of telematics are expected to propel the global mobile crane market growth in the coming years.

 

Major mobile crane market manufacturers are emphasizing adopting the latest technologies such as Industrial IoT, and Artificial Intelligence integrated with terrain cranes and trucks, and others into machinery for a better outcome. This will not only intensify the global market competition but also attract high mobile crane market revenue in the forthcoming years. Apart from this, there is a high demand for mobile cranes from various building and construction companies, which will further help boost the market in the coming years. Furthermore, substantial investments to implement SCADA (supervisory control and data acquisition) for monitoring and controlling the mobile crane equipment in various industries such as oil and gas refining, water and waste control energy, and others, are likely to intensify market competition among players further.

 

 

 

Intelligent technologies

 

According to GEP, autonomous cranes also include features such as anti-collision, zoning and remote configuration by the internet. All these features are aided by a combination of artificial intelligence, machine learning and computer vision. Thus, with most of the crane cycle handled automatically, the crane operator’s main task is to supervise the process and act only when required. Operators in a control room supervise the crane’s motion via onboard cameras and a remote control station. Remote crane operation allows humans to be separated from a potentially dangerous and harsh working environment featuring large machines and moved to the safety and comfort of a control room. This offers numerous advantages.

 

Investments in autonomous robots should be prioritized to achieve end-to-end efficiency, productivity and risk reduction. When considering the level of automation needed, it is important to define the optimal labor-to-automation mix to achieve desired benefits. The procurement of autonomous cranes should focus on an overall investment strategy. For companies that invest in capital equipment, the acquisition of autonomous cranes should take some key aspects into account, such as CAPEX, projected life, depreciation and ease of integration with existing facilities and technology. Although fully autonomous cranes are relatively expensive, costs are likely to drop as volumes increase. Moreover, regulations and customer demand will be key for the adoption of the newest versions of mankind’s oldest machine.

 

Fast Facts

  • The global crane market is expected to register a CAGR of about 4.0% during year 2020 – 2025.
  • The need to lift or move heavy loads in remote and uneven terrains will drive the adoption of the equipment in energy applications. Cranes are easy to set up at location and are flexible to operate around the work sites as and when required.
  • Tower Crane Market is valued at $1962.1 million in 2020 is expected to reach $2452.1 million by the end of 2026, growing at a CAGR of 3.2% during 2021-2026.
  • Mobile crane equipment are garnering significant demand from all kinds of customers, including construction companies, energy firms, mining and shipping companies owing to high flexibility and material handling capacity.
  • The global mobile crane market size is anticipated to reach $22.34 billion by 2026 owing to increasing investments in the construction and shipbuilding sectors. This is further attributable to the rapid urbanization and the rise in the number of import and export facilities.

 

 

 

Liebherr manufactures crane as per EN13000 as a manufacturing standard. In EN standards, The European conformity Machinery Directive (ECMD) gives the essential health and safety requirements for machinery. The number of mobile and crawler cranes accident over the past many years remained fairly constant and it has been analyzed that the mobile cranes were the largest contributor. The worldwide accepted and technologically highly enhanced standard EN 13000 which guides the safety norms for the mobile cranes especially operating within a functional  plants, has a widespread effect on the safety concerns, and has reduced the numbers of accidents in modern day cranes almost to nil SUBHAJIT CHANDRA, DIVISIONAL HEAD- MOBILE CRANE DIVISION,LIEBHERR INDIA PRIVATE LIMITED

 

 

 

 

We see that the rental market for Tower Crane for sure will grow in the near future because nowadays most of the contractors have decided to be asset light. Comansa is one of the preferred Tower Crane brand globally among the rental fleet owners because of the modularity concept that is there in Comansa Tower Cranes all across it ranges. ELEAZAR RAYA, COMMERCIAL DIRECTOR, COMANSA

 

 

 

 

Our machines are expected to compliment complete range as well as relevant performance with additional safety. Our products are with BS4 engine, the entire work cycle for the machines in terms of relevant parameters can be mapped and this again will help our customers to get enhanced performance. We are also working on self-diagnostic tool made available on machine for onsite trouble shooting and fixing. ABHIJIT R SHINDE, HEAD SALES AND MARKETING, ESCORTS CONSTRUCTION EQUIPMENT

 

 

 

 

Our range of machines start from 8T and goes all the way up to 120T. Also, our Anti-Collision Systems for the Tower Cranes are an added safety to the machine which ensure complete safe environment for your machinery as well your personnel to work at the site. With the rise of precast buildings in the country, now we have incorporated Gantry Cranes as well into our Anti-Collision systems making them suitable for any operation, whether it be at the site or the casting yard, you can work safely. SHANKER RAJ, GM, EVEREST ENGINEERING EQUIPMENT PVT. LTD

 




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