Facts about lifting machinery and how it is used
Lifting machinery is used to lift or move large things up and across floors or surfaces. It is a necessary aspect of building today’s industry and infrastructure. Different kinds of manufacturing, service and healthcare use these machines.
- Ports and logistics: Efficient loading and unloading of containers and bulk materials depends on having core equipment.
- Automotive Manufacturing: Plants in this industry do part installation, move finished vehicles and manage shipments.
- Thanks to Aerospace: It is possible to lift and finely control big aerospace machines, so launches are safe.
- In steel and metallurgy: For example, ladle overhead cranes are needed to handle molten steel and for magnetic materials found in factories, electromagnetic cranes are used.
- Infrastructure Construction: Bridges, roads, subways and residential buildings all use Infrastructure Construction on construction sites.
Organizing Lifting Machinery by Their Kind
Types of lifting machinery are generally sorted based on how they are set up and used and there are three main categories.
- Overhead cranes and gantry cranes which make up bridge-type cranes, are popular in factories, warehouses and at ports.
- Long-span lifting tasks are well handled with Cable Cranes, common in hydropower projects.
- Truck cranes, crawler cranes, tower cranes, truck-mounted cranes and portal cranes are found in the booming group of cranes.
Markets and how they continue to change and develop
This year, China’s lifting machinery market was worth USD 11.9 billion, making up 31.4% of the worldwide market. In that same year, its total value rose to USD 13.06 billion, reflecting a CAGR of 9.7%.
Truck-mounted cranes worked very well during the tests.
- In 2023, unit sales went up by 37.45% from the previous year to 24,005.
- Compared to 2023, October 2024 sales went up 10.6% to 1,730 cars sold, mostly thanks to a rise in domestic sales of 23.8%.
Meanwhile, the counts for truck cranes and crawler cranes both decreased.
- Last year, October saw a 15% drop in truck crane sales compared to the previous October, domestic sales declined 46.7% and exports rose by 49.5%.
- The drop in crawler crane sales was 20.3% compared to the previous year, including 41.1% at home and just 4.32% abroad, making them a major export category.
- Sales of tower cranes dropped by 71.9% year-on-year and 78.6% within the country in October 2024, due to slowing in the real estate sector.
Information about how the industry is structured in terms of competitors.
China’s lifting machinery industry consists of many players who are competing. There are several important types of competitors.
- Large Enterprises include XCMG, Zoomlion, SANY, TZCrane and Kuangshan Crane, business players with strong brand influence, strong technical strengths and substantial market share.
- There are many SMEs and because they compete so widely and homogenize their products, they tend to fight over price points to stand out.
Because competitors are becoming stronger and industries are standardizing, it’s likely that companies will merge. The trend of including or removing SMEs is poised to become very common.
Future Progress of Technology and Its Direction
This industry’s development over the next several years will be marked by a number of important trends, the report predicts.
1. Leaning Toward Intelligence and Automation
- Smart manufacturing uses technology like IoT, AI and data analytics to let systems be monitored from afar, automatically detected for future issues and managed without human input.
- In sectors such as steel, cement and metallurgy, where the risk is high, limited upgrades to software really help with both efficiency and safety.
- Products are being built with higher performance, a range of uses and energy in mind.
2. Adoption of Custom Made Solutions
- Ensuring products match changing customer needs is now a priority for most manufacturers.
- Being able to customize is becoming a main point of differentiation for companies.
3. Sales Of The Company Are Growing Rapidly Over The Globe
- As wages increase and delivery takes longer, companies in China are making efforts to expand in other places.
- Innovations and better service from companies like Chinese-based Liebherr (Germany) enable Chinese groups to reach a higher worldwide level of competitiveness.
Conclusion
In the year 2025, the industry for lifting machinery will likely grow steadily thanks to government policies, new advances and strong demand. Large investments in infrastructure and industrial growth will keep increasing demand. Firms should quickly use the opportunities created by intelligent business and a worldwide approach to lead through innovation into the future.
