IC50 shows strong return to growth

18 September 2013



Clear evidence of a return to growth in the crane industry is shown in the 2013 IC50 ranking of the world’s largest crane-owning companies. Compared with last year’s 5 % increase, in 2013 that has tripled to a 15 % rise in the IC Index for the top 100 companies.

While last year there was also a good rise, it was achieved with fewer depots, employees and cranes than in 2011. This year there are just 3.5 % more depots but the number of employees is up 15 %, as is the number of cranes which, other than the number of employees, match the overall rise in the index.

Picking up on the theme of increases, the same applies in the IC50 Top 10 Index, a sample comprising the top ten companies of the 2009 IC50 table. The 2010 numbers were higher than in 2009 and same was true in 2011 with the number of crawler cranes a notable exception. In the 2012 Top 10 Index the total was up by about 10 %, as it was in 2011 on the previous year. The number of depots in 2012 was up nearly 10 % on 2011 and the number of employees was up nearly 15 %. Wheeled mobile cranes were up by 125 units, or nearly 2 %, in 2012 while the number of crawler cranes returned to an increase, of 4 %. Total tonnage of the largest crane was up marginally in 2012, by 400 tonnes or just over 2 %.

Broadly matching the top 100 this year, there are 3 % more company depots than in 2012 and 10 % more employees. A difference is that there are slightly fewer cranes but still a rise in the Index, of 3.5 %. It shows a lower percentage growth at the top of the IC50 but that the trend for larger cranes continues. With the bulk of the new super heavy lifters impacting the IC50 in 2011, this year’s growth can be attributed to end users adding units from the top of the capacity range Liebherr, Manitowoc and Terex crawler crane ranges.

The 2013 total for the full IC50 is 213 fully completed entries (with space for the top 123 of them in the magazine). In 2012 there were 207 but this year we have removed 12 companies for reasons that include acquisition and insolvency so, despite having 18 new entries, the net increase is six companies.

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