Markets & Reports
The top crane-owning companies list shrinks for the first time in more than a decade
July 14, 2022 By Don Horne
The ACT100 index of North America’s top crane-owning companies in 2022 has shrunk by 329,339 tons from the previous year – the first time the index fell in more than a decade.
While Maxim Crane Works is still the number one company on the list for 17 years running, there was an apparent sell-off of cranes by most of the companies on the list.
While a lot of companies reduced their fleets, a few made notable gains. For the most part, the top 10 companies still ranked in the top 10 with Buckner HeavyLift moving up two spots and a couple of companies in the top 10 trading places.
Companies in the top 10 that saw growth in their ACT index included Bigge Crane & Rigging Co., Buckner, Marmon Crane Services and TNT Crane & Rigging.
Last year, the ACT100 added 89,917 tons for a total index of 2,868,110. In 2020, the ACT100 gained 159,537 tons of capacity for a total index of 2,778,193.
This year the number of branches increased to 784, up 24 from 760 last year. Last year employee counts fell, but this year saw gains to the highest employee count ever recorded by the ACT100. In 2022, the ACT100 employs 41,032 people. In 2021, the ACT100 employed 36,987 workers. Employee counts of the ACT100 have ebbed and flowed over the past five years.
In 2021, the index reported 3,288 crawler cranes. This year it showed 3,129 crawler cranes.
This year there were 15,557 mobile cranes reported on the list as compared to 16,351 mobile cranes in 2021.
Mergers and acquisitions continue to have an impact on the ACT100, but without any extreme swings in numbers. The top 25 stayed pretty much the same, with a few flip-flops here and there. The largest new company to enter the ACT100 is Allegiance Crane & Equipment, with an ACT index of 26,599 tons and a ranking of number 23.
The largest crawler crane fleet in North America went to Lampson International this year with 393 crawler cranes. Maxim Crane Works came second with a reported 389 crawlers in their fleet, but still has the largest mobile crane fleet with 1,750 units.
The largest crane on the ACT100 is Mammoet’s 5,000-ton capacity PTC 200 DS and Sarens’ SGC-250, both with 5,000 tons capacity. Other heavy lift cranes include the 3,000-ton capacity Lampson LTL-3000 and the Deep South Crane and Rigging VersaCrane TC36000/2.
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