Industry News

In recent 20 years, great changes have taken place in the world construction crane industry. Rapid development of RT (off-road tyre crane) and the AT (full ground crane) are breaking the original products and market pattern, under the impact of economic development and the market fierce competition, leading the world market of construction crane further toward integration. At present, the annual sales of world cranes has amounted to about $7.5 billion. Main manufacturer is the United States, Japan, Germany, France, Italy, etc., more than 10 world's top companies are mainly concentrated in North America, Japan and Europe.

The United States is not only the main producer of construction crane, but also is one of the largest market in the world. But because of the rapid development of Japan and Germany crane industry and the rise of RT and AT products, U.S. manufacturers have been gradually weakened of the dominant position in the world market in the 20th century, form a tripartite confrontation of the United States, Japan and Germany. The American economy is recovery in recent years, its market is active, foreign companies go on participating in the competition. The strength of the manufacturers also increased, terex cranes company's rising is an example. Terex cranes company predecessor is colin crane factory in the United States. Since 1995, through a series of merger and acquisition (m&a) activity, has developed to be one of the top companies in the world.

Since the 1970s Japan has become a big construction crane production country, and its products quality and quantity increase quickly. It has exported to European and American markets, annual production takes first place in the world. Since 1992, due to the yen appreciation, reduced domestic infrastructure investment, and the Asian financial crisis, the annual output is on the decline. The current demand of crane in Japanese market is around 3000 units.

Europe is a great potential market, European industrial nations are construction crane exporter as well as important importerts. Germany is one of the biggest European market, followed by Britain, France, Italy and other countries. In Germany AT products market share, liebherr accounted for 53%, grove 16%, Demag accounted for 14%, terex 10%.