IBISWorld’s Crane Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Analysis & Industry Trends

The Crane Manufacturing industry in China has been growing strongly from revenue of $84.5 billion in 2011 to an estimated $118.4 billion in 2016. Stimulated by the development of key domestic industries and heavy support by the government, industry growth has averaged 7.0% annually over the past five years.

The government has made large investmesnt in construction, which boosted industry revenue from 2010 to 2013. The government's economic stimulus package supported the development of many huge projects in a number of downstream industries and sectors, including coal mining, power generation, chemical manufacturing and transportation, which greatly raised domestic demand for industry products over the years that followed...

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Industry Report - Industry Locations Chapter

Industry operations are mainly located in Jiangsu, Shanghai, Zhejiang and Henan. These provinces accounted for about 57.2% of industry revenue in 2016.


Jiangsu is the largest crane manufacturing province in this industry, accounting for 23.5% of total industry revenue, with industry establishments and employment of 20.1% and 23.4%, respectively. Located in East China, which is the most developed area in China, Jiangsu province is leading the country in urbanization and investment in infrastructure. In addition, convenient coastal transportation of raw materials in the province also benefits the development of crane transportation equipment. One of the major industry firms, Xuzhou Heavy Machinery Group, is located in Jiangsu.


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Additional Insights for the Crane Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Crane Manufacturing Industry are

  • Establishment of brand names
  • Economies of scale
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Highway, Street, Bridge, Tunnel and Other Heavy Construction and Industry Systems and Technology - Manufacturing in the Crane Manufacturing industry impact industry performance..

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    Industry Products

    What is the Crane Manufacturing Industry?

    The Crane Manufacturing industry manufactures mechanical equipment that loads and unloads materials and cargo or transfers people in factories, warehouses, ports, stations and other places. This includes fixed and movable equipment and those installed on chassis.

    Industry Products
    Crane machinery
    Elevators, escalators and moving walkways
    Special purpose vehicles
    Small and light crane equipment
    Continuous handling equipment
    Other material-handling equipment
    Industry Activities
    Manufacturing cranes, lifting machines, pullet tackles, hoists and frames
    Manufacturing conveyors, skip hoists, elevators, escalators and moving walkways
    Manufacturing machines designed for loading and unloading cargo
    Manufacturing vehicles equipped with lifting and handling devices, such as fork-lift trucks and alleyway stackers
    Manufacturing handling equipment, such as mine wagon pushers and locomotive and wagon traversers
    Manufacturing airport transportation equipment, such as passenger boarding bridges and luggage conveyors
    Manufacturing retlated equipment parts and accessories

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Downstream Demand - Highway, Street, Bridge, Tunnel and Other Heavy Construction
  • Industry Systems and Technology - Manufacturing
  • Domestic Goods Prices - Metals - Steel
  • Manufacturing Exports - Machinery and Equipment

  • Current Performance
  • Profitability
  • International trade
  • Wages and employment and enterprises
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Crane Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Crane Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Coal Mining
  • Oil & Petroleum Refining
  • Iron and Steel Smelting
  • Ship Building
  • Building Construction
  • Freight Rail Transport
  • Road & Highway Construction
  • Passenger Car Manufacturing

  • Key Selling Industries
  • Electrical and Electronic Component Manufacturing
  • Engine Manufacturing
  • Iron & Steel Casting
  • Metal Fabrication
  • Plastic Parts Manufacturing

  • Products & Services
  • Crane machinery
  • Elevators, escalators and moving walkways
  • Special purpose vehicles
  • Small and light crane equipment
  • Continuous handling equipment
  • Other material-handling equipment
  • Chart: Crane Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Government policy
  • Product quality
  • Investment in construction
  • Product advancements

  • Major Markets
  • Metallurgy sector
  • Coal sector
  • Power sector
  • Petroleum and chemical sectors
  • Transportation sector
  • Shipbuilders
  • Other manufacturing industries
  • Chart: Major Market Segmentation for the Crane Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Crane Manufacturing

  • Basis of Competition
  • Brand
  • Product and service quality
  • Distribution networks
  • Price
  • Technology

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Crane Manufacturing Industry

  • Industry Globalization
    Major Companies
    Sany Group Co., Ltd.Zoomlion Heavy Industry Science & Technology Development Co. Ltd.Xuzhou Construction Machinery GroupChina Communications Construction Group Co., Ltd.FuWa Heavy Industry Machinery Co. Ltd.
  • Table: Sany Group Co., Ltd. - financial performance
  • Table: Zoomlion Heavy Industry Science & Technology Development Co. Ltd. - financial performance
  • Table: Xuzhou Construction Machinery Group - financial performance
  • Table: China Communications Construction Group Co., Ltd. - financial performance
  • Table: FuWa Heavy Industry Machinery Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Crane Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Crane Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Floating Crane
  • Used mainly in bridge building and port construction, they are also used for occasional loading and unloading of especially heavy or awkward loads on and off ships.
  • Jib Crane
  • A type of crane in which a horizontal member (supporting a moveable hoist) is fixed to a wall or to a floor-mounted pillar.
  • Tower Crane
  • A modern form of balance crane, which offers the best combination of height and lifting capacity. Used in the construction of tall buildings.
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    This report on Crane Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Crane Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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