Lifting & Crane Equipment
Manufacturers of tower cranes, mobile cranes, overhead cranes, aerial work platforms, and industrial hoisting systems for construction and industrial markets.
- 5
- Verticals
Overview
Lifting & Crane Equipment covers overhead traveling cranes, hoists, monorail systems, and industrial lifting equipment. At ~$9B it serves manufacturing, warehousing, and heavy-industry material movement, led by lifting specialists (Konecranes, Columbus McKinnon, Cargotec) and a fragmented base of regional crane and hoist makers.
Demand tracks industrial and infrastructure activity, with automation, smart-lifting, and safety the key technology themes. It is fragmented with active consolidation, and aftermarket service, inspection, and modernization provide attractive recurring revenue.
Market snapshot
- Market size
- ~$9B
- Growth
- ~5.4%CAGR (2017–22, nominal)
- Companies
- ~320
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 333923 (overhead traveling crane, hoist & monorail systems).
Business model & economics
- Revenue model
- Equipment sales plus service, inspection, and modernization
- Recurring revenue
- Moderate–High — recurring service and inspection
- EBITDA margin
- Equipment plus rich recurring service
- Capex intensity
- Moderate
- Serves manufacturing and heavy-industry lifting.
- Automation, smart-lifting, and safety key themes.
- Service and modernization attractive recurring revenue.
M&A deal context
Who’s acquiring
What’s driving deals
- Service- and modernization-driven M&A.
- Industrial-automation and safety demand.
- Roll-up of regional crane/hoist makers.
Verticals in this segment
- 5.6.6.1Aerial Work Platforms & Boom Lifts
OEMs manufacturing scissor lifts, articulating boom lifts, and telehandlers.
- 5.6.6.2Industrial Hoists & Lifting Gear
Producers of chain hoists, wire rope hoists, and rigging hardware.
- 5.6.6.3Mobile & All-Terrain Cranes
Producers of truck-mounted, rough terrain, and all-terrain crane platforms.
- 5.6.6.4Overhead & Gantry Cranes
Manufacturers of bridge cranes, gantry cranes, and runway systems for facilities.
- 5.6.6.5Tower Cranes
OEMs manufacturing top-slewing and self-erecting tower cranes for construction.
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