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International Cranes and Specialized Transport released its 2020 table of the world’s largest companies that own cranes.
Companies are ranked based on their IC Index, which is calculated as the maximum total load moment rating of all cranes in a company’s fleet in ton-meters.
The total value of the IC index of all companies in 2020 was 29,271,977, more than 4% above the previous year’s figure, compared to 28,051,368 ton-meters in 2019. A significant change in the top 10 this year has given almost all of them a “free” boost Companies in the table. More on that later.
Read on to find out how this year’s top 10 is completely composed and how differently it differs from last year.
Top 10 largest crane companies in the world in 2020:
10. Deep South Crane & Rigging
With global services ranging from bare cran rentals to turnkey heavy haulage and heavy haulage solutions, Deep South’s 2020 rating increased 1.5% from 495,220 to 2019’s 488,085. That wasn’t enough to keep it at 9th place from last year, but it’s down one after moving up four places from 2018 to 2019.
With a strong increase in the efficiency of the fleet, the position rises from 14th place in 2019 by five places. The Danish company has made the top ten on the table by switching to heavier cranes and doing more assembly and maintenance work for wind turbines, while expanding operations further afield geographically.
8. All assembly & crane rentals
Next up is the All Family of Companies, which is also among the top ten, in 8th place from the 11th of last year. The increase this year from 474,699 to 592,103 ton meters by almost 25% from 474,699 to 592,103 ton meters gave him the peak of his fleet size a few years ago, but gave him the necessary impetus to achieve three places and brought him back to seventh Place it has usually held.
7. Large crane and rigging
In 2020, Bigge has been operating for more than a century, maintaining and cementing its position in the IC50 index. With 746 mobile wheels on wheels and 252 crawler cranes, both more than last year, the US company has an IC index of 632,826, an increase of 6.7% over the year. Bigge is also a leading player in the ACT100 published by ICST’s sister magazine American Cranes and Transport. It lists the largest crane owners in North America based on their total fleet lifting capacity.
For more than 70 years Buckner has carried out projects, including the construction of the Mercedes-Benz stadium and the test benches of the Stennis Space Center in the USA. More recently, wind work has come to the fore. With an impressive two places compared to the previous year, Buckner continues its upward trend and strengthens its fleet of large crawler cranes. An impressive 33% increase in performance, increasing the IC Index from 555,421 to 740,170, leaves no wonder it has risen on the table.
5. Sanghvi Movers
Indian company Sanghvi Movers has managed to move up a spot, although its fleet is a bit smaller (by seven units) and its IC index is slightly lower than last year. It was sixth on the IC50 for five years in a row before ALE was taken over by Mammoet in third and taken off the table as a no longer a separate entry this year. Sanghvi has more than 1,500 employees and 27 depots in India. The fleet includes 309 wheel cranes and 294 lattice boom cranes.
4. Lampson International
After two years with the same IC index, Lampson International, headquartered in the US, rose this year from 1,255,693 to 1,277,500, an increase of 1.7%. While the lattice crane fleet remains the same at 389 units, it has four cell phones that are less mobile. The rise of one spot in the top 10 is largely due to Mammoet’s ALE acquisition, as is the case for some of the other companies. Lampson has a large gap in the IC index both above and below it, which helps reduce the likelihood of an “organic change” that will shift its position.
3. Maxim Crane Works
The Maxim’s Index rose one place from 4th place to 2.4% from 2,270,239 to 2,348,000. The US company, which is also high on the ACT100 list, was acquired in recent years. As in the previous year, the fleet is more than 1,000,000 ton-meters ahead of the fourth-placed company. It has slightly closed the gap to the runner-up company above, but it still has a long way to go to beat it.
The family-run Sarens is now over 60 years old and operates all over the world. It covers markets from mining and wind to civil, offshore and nuclear markets. It is the only company in our top ten that has not benefited from a higher position without ALE. With a relatively small change in the number of fleets last year, the mobile crane fleet with wheels rose by five units to 1,098 and the boom lattice fleet by 24 units to a total of 416. The index for 2020 is 2,760,331, 0.4%. lower than the 2,771,436 of 2019. Sarens has been number two for more than seven years.
Mammoet has been number one since the beginning of the IC50 and has only massively expanded its lead this year. While the gap between first and second place has narrowed in the last few years, Mammoet’s acquisition of ALE has solidified the advantage tremendously. With more than 7,000 employees around the world, Mammoet operates in 130 depots and has improved its coverage and strengthened its geographic presence.
To view the full IC50 index, click here or download the June 2020 edition of ICST for free here.