b'HEAVY MACHINERYCOUNTINGON CRANESA LOOK AT FUTURE TRENDS AND DEVELOPMENTS IN CRANE MANUFACTURING THAT STAND TO IMPACT THE CONTINENTS CRANE CAPITALBy Warren HeeleyTHERE IS NO QUESTION thatNew York City and Los Angeles. Theand shipyards. Regionally, Asia Pacific is cranes are the most visible part ofnearest North American city in terms ofexpected to top this market growth, with a construction site, and this is especiallycrane numbers is Seattle, with just 59.Europe not far behind in second place. the case in Toronto, the reputed craneAs well, these numbers only account forThe Middle East and North America are capital of North America, if not the world.fixed cranes; they dont factor in mobilenot predicted to do as well because of the Just look around the city and yourecranes whose share of the constructiondecline in the oil and gas sector.bound to see a construction crane crane market has been steadily growing in RLB reports there were 120 in activerecent years. TRENDSuse in July. That number is expected toBuilders Digest recently spoke with grow given the more than 400 highriseThe global market for cranes is lookingsome of the key players in the crane buildings on the books for development,equally promising. Research & Markets,manufacturing and rental business in as well as a forecasted increase inan international market watch company,the GTA about trends and developments government infrastructure projects in theis forecasting an annual growth rate ofimpacting the industry. Topping the Toronto area.2.4 per cent in the crane market betweenlist are technological improvements 2018 and 2023. Fixed cranes will leadto develop cranes with longer reach To put this into perspective: the numberthis growth because of the expectedand more lifting capacity. The crane of cranes in Toronto is more than theglobal upward swing in infrastructure andindustry has seen a significant evolution combined total found in Chicago, real estate, as well as the freight sectortowards larger cranes with higher 26Quarter 2 2019 BUILDERSDIGEST'