Lifting & Crane Equipment
Manufacturers of tower cranes, mobile cranes, overhead cranes, aerial work platforms, and industrial hoisting systems for construction and industrial markets.
- 5
- Verticals
Overview
Lifting & Crane Equipment covers overhead traveling cranes, hoists, monorail systems, and industrial lifting equipment. At ~$9B it serves manufacturing, warehousing, and heavy-industry material movement, led by lifting specialists (Konecranes, Columbus McKinnon, Cargotec) and a fragmented base of regional crane and hoist makers.
Demand tracks industrial and infrastructure activity, with automation, smart-lifting, and safety the key technology themes. It is fragmented with active consolidation, and aftermarket service, inspection, and modernization provide attractive recurring revenue.
Market snapshot
- Market size
- ~$9B
- Growth
- ~5.4%CAGR (2017–22, nominal)
- Companies
- ~267 firms
49.8% of firms have fewer than 20 employees: 133 micro-businesses, below most mandates.
- 20–99
- 8362%
- 100–499
- 3325%
- 500+
- 1813%
Small, project-driven, and closely tied to industrial construction. Installed base is the asset — inspection, certification and service on existing cranes recur regardless of new orders, and that aftermarket is what makes these businesses financeable.
NAICS 333923. U.S. Census Bureau — 2022 Statistics of U.S. Businesses; U.S. Census Bureau — 2022 Economic Census.
Business model & economics
Revenue model
Equipment sales plus service, inspection, and modernization
Key economics
- Revenue per firm
- $34,048,839
- Revenue per employee
- $451,863
- Employees per firm
- 75.0
- Recurring revenue
- Moderate–High
- EBITDA margin
- Equipment plus rich recurring service
- Capex intensity
- Moderate
recurring service and inspection
Characteristics
- Scale-driven — payroll is only 14% of revenue; the cost base is assets, not headcount
- Thin strategic-buyer pool — only 18 firms exceed 500 employees; exits skew sponsor-to-sponsor
- Serves manufacturing and heavy-industry lifting.
- Automation, smart-lifting, and safety key themes.
- Service and modernization attractive recurring revenue.
NAICS 333923. U.S. Census Bureau — 2022 Statistics of U.S. Businesses; U.S. Census Bureau — 2022 Economic Census.
M&A deal context
Who’s acquiring
- Crane & hoist majors
- PE-backed lifting platforms
- Service & component consolidators
What’s driving deals
- Service- and modernization-driven M&A.
- Industrial-automation and safety demand.
- Roll-up of regional crane/hoist makers.
Verticals in this segment
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