About Crane Monitoring
Crane monitoring is the use of sensors and other technology to track the condition and performance of a crane. It can help prevent accidents, improve safety, and increase efficiency. and The global crane monitoring system market is experiencing significant growth, driven by the increasing need for safety and efficiency in crane operations across various industries. This growth is largely attributed to the rapid adoption of Internet of Things (IoT) technologies and automation in industrial operations. IoT enables real-time monitoring, data collection, and analytics, enhancing the efficiency and safety of crane operations. Additionally, stringent safety regulations and standards are compelling industries to implement advanced monitoring systems to ensure compliance and reduce operational risks. The construction industry plays a pivotal role in this market expansion. With urbanization accelerating globally, especially in developing countries, there's a surge in construction activities necessitating the use of cranes equipped with monitoring systems to enhance operational safety and efficiency. Similarly, the oil and gas sector's exploration activities in challenging environments demand reliable crane operations, further boosting the adoption of monitoring solutions.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Rye market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Crane Monitoring market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VerveTronics Imagineering Pvt. Ltd. (India), Aanderaa Data Instruments AS (Norway), McCoy Global Inc. (Canada), Netarus, LLC (United States), Knopff Solutions Pvt. Ltd. (India), Cranesafe Technologies (India), Liebherr-International AG Switzerland), Palfinger AG (Austria), Sarens NV (Belgium) and Trimble Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Konecranes Plc (Finland), The Manitowoc Company, Inc. (United States), Terex Corporation (United States), SANY Group (China) and XCMG Group (China).
Segmentation Overview
AMA Research has segmented the market of Global Crane Monitoring market by , Application (Load Monitoring, Fleet Management, Structural Health Monitoring, Collision Avoidance and Remote Monitoring & Control) and Region.
On the basis of geography, the market of Crane Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Crane Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Crane Type, the sub-segment i.e. Mobile Cranes will boost the Crane Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. IoT-Enabled Monitoring will boost the Crane Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Construction will boost the Crane Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Cloud-based Monitoring
Market Growth Drivers:
Growing Construction & Infrastructure Development and Adoption of IoT & AI-based Monitoring Systems
Challenges:
Lack of Skilled Workforce
Restraints:
High Initial Investment & Maintenance Costs
Opportunities:
Advancements in Wireless & GPS Technologies and Adoption of Digital Twin Technology
Market Leaders and their expansionary development strategies
In August 2024, CPI announced a partnership with Verifone to integrate CPI's Paypod cash automation solution with Verifone's Commander POS and self-checkout systems for convenience stores. This collaboration aims to enhance payment flexibility, streamline operations, and address labor challenges by automating cash acceptance.
In February 2025, Huisman introduced Performance Insights, a data-driven application accessible via the myHuisman client portal. This platform analyzes equipment data, offering actionable insights into performance, alarms, energy consumption, and component usage. The system aims to enhance maintenance scheduling, proactively resolve faults, and reduce operational costs. Future expansions are planned to include condition monitoring and system analytics.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.