With rising production costs and increased competition, tower crane manufacturers are expanding their product range by updating models and making them more cost-effective.

For a long time, 5-ton and 6-ton tower cranes have accounted for the majority of tower crane sales, which is largely driven by the demand for real estate construction. However, the slowdown in the Indian real estate industry in the past few years, coupled with the adverse impact of Covid, has affected the tower crane industry as sales have fallen.

However, with the emergence of demand in the South Indian market, namely Hyderabad, Telangana, Karnataka, Tamil Nadu, parts of Kerala, and parts of Maharashtra, the situation It’s not so severe. Manufacturers hope that due to the country’s rapid urbanization, investment in infrastructure development continues to increase, which will drive demand for tower cranes, as well as the government’s plans for “affordable housing” and “universal housing by 2022.”

Buyer trends show more attention to the safety, operability and after-sales service of tower cranes. Users also want easy maintenance and reliability in their operations.

As prefabricated buildings become more and more popular in India, there is now an increasing demand for higher capacity cranes that accurately lift prefabricated building components during the construction of high-rise and other large infrastructure development projects.

News Source : NBM&CW