An 11% increase in the 2016 IC50 ranking of the world’s largest crane-owning companies is an encouraging sign of a healthy industry overall worldwide. The positive trend in the 21st edition of this global ranking is positive news for the industry. It uses data collected by IC from the 100 largest crane-owning companies in the world to produce a ranking by a fleet’s capability.
Calculated from the top 100 companies, the total number of depots is up, by 2.9 %, from 1,416 to 1,457. There are more employees too, up a significant 11.9 %, from 213,175 to 238,455. Staying with the top 100, the number of wheeled mobile cranes is up 2.2 % from 25,101 to 25,652. The number of lattice boom cranes is up 5.6 % from 6,401, in 2015 to 6,761.
All in all a positive report on the state and mood of the industry from and end-user, crane buyer, perspective around the world.
Top 10 Index
For the last six years the IC50 has included the Top 10 Index. It is a sample comprising the data from what were the top ten companies in the 2009 IC50. This year its total index from the basket of ten is up an impressive 12 % on the year before, compared with 9.7 % in 2015 and 4.3 % in 2014.
Against the figures from last year’s Top 10 Index there are 10 more depots - an increase of 2.8 %, while the number of employees is down 4.6 % from 21,576 to 20,579. Also down is the number of wheeled cranes, by 2.6 %, to 7,912 from 8,122 units. After a one year drop in 2015 the number of lattice cranes is back on the up with a 2.5 % increase, from 2,979 to 3,052 in the Top 10 Index. Interestingly, the figure for the total capacity of each company’s largest crane is up a significant 18.8 % from 17,857 to 21,207.
The global mobile crane industry
More in-depth statistical information on the global mobile crane market will be available in a new report to be published later this year. Specialist company Off Highway Research is working on a comprehensive multi-client study on the global mobile crane industry. Data by crane type will include market size, trends and analysis, sales, production, market shares and forecasts. It will be available to buy online at: offhighway-store.com
World Crane Report
The World Crane Report is a global analysis of fleets, trends, financials and economic fundamentals. This 72 page KHL Executive Report is the most comprehensive of its kind ever produced for the global crane sector. Broadly split into two sections, it looks at both the long-term trends for crane owners as well as those for crane manufacturers. It explores the links between the industry and the broad economic picture, providing new insights into how fundamentals such as GDP growth impact on crane manufacturers, buyers and end users.
The World Crane Report also includes unprecedented analysis of the global crane fleet – its total size (number of cranes), their capabilities (load moment and lifting capacities) and the changing preferences for lattice crawler versus wheeled mobile cranes. These trends and others are plotted over a ten-year timescale, with analysis not only discussing obvious changes in the industry – the move towards higher and higher capacity cranes among the world’s largest rental companies, for example – but also analysing regional differences between Europe and North America.
Notes on the IC50
Companies are ranked by their IC Index, calculated as the total maximum load moment rating, in tonne-metres, of all cranes in a fleet. All companies in the list, plus other prospective ones, have the opportunity to supply fleet information and other data for inclusion in the ranking. Where companies supply the full data the figure used is calculated by them. Where companies supply a full fleet list with all the relevant details we can calculate the IC Index on their behalf. In a few cases, where no data is submitted, or is incomplete, we may base a company’s equipment fleet figure on IC estimates. Various sources are used for this and include industry contacts, information submitted in earlier years and delivery and used equipment sales data. In cases of insolvency, acquisition or a basic lack of new information, companies are withdrawn from the table.
While we make great effort to ensure the accuracy of information provided, it cannot be guaranteed and IC accepts no liability for inaccuracies or omissions.
The IC50 Index will next be updated in the first quarter of 2017. If you think your company should be included please contact IC for an application form. Note that tower cranes are not in the main IC50 table here because, already for several years now, they have been appearing separately in the special IC Tower Index in the September issue of IC. Similarly, specialized transport equipment is also in a separate ranking, the IC Transport50, which has been published in the August issue of the magazine for more than ten years.
CLICK HERE to download the IC50