Onshore Crane Rental Procurement Intelligence
The onshore crane rental category is anticipated to grow at a CAGR of 4.6% from 2024 to 2030.
The rising construction activity levels, infrastructure projects, and industrial expansion are driving the demand for the category. Crane rental services comprise renting out various types of cranes, such as onshore, offshore, marine, mobile, and other cranes. They are increasingly being used for complex activities such as ship loading, and material handling. The rising need for rental services, specifically from the oil and gas and construction industry, is expected to drive the demand for the category over the forecast period.
Order your copy of the Onshore Crane Rental category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Onshore Crane Rental Procurement Intelligence Report Scope
The Onshore Crane Rental category is expected to have pricing growth outlook of 2% - 3% increase (Annually), with below pricing models.
- Hourly pricing
- crane-type pricing
- competition-based pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Type and condition of cranes
- transportation and maintenance facility
- crane loading capacity
- customer support
- rental price comparison
- years in services
- regulatory compliance
- operational and functional capabilities
- others
Onshore Crane Rental Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Onshore Crane Rental Procurement Cost and Supplier Intelligence
Labor, equipment buying/rental/leasing costs, land or facilities, repair and maintenance, permits and licensing, fuel and transportation are some of the costs involved in providing rental services. The price of renting a derrick depends on the size, duration, and type of crane the client needs. Fuel price fluctuations have a direct impact on the transportation cost thereby impacting the final service cost. For instance, in January 2023 the price of diesel in the U.S. was around USD 4.58 per gallon, whereas in December 2023, it was around USD 3.9 per gallon. Fuel prices witnessed a bearish momentum at the end of 2023 due to a fall in crude oil supplies amid low demand. Further, a delay in import shipments and a seasonal dull period in the transportation industry also weakened prices.
The price of renting a standard crane can be around USD 200 to USD 1,000 each day. A bigger tower crane price can be around USD 15,000 each month for large-scale projects. However, in most cases, clients can expect to pay around USD 1,000 for a crane for a single day of work. For example, the average rate of a 110-ton crawler crane offered on rent by Bigge Crane and Rigging Co. can be around USD 480 per hour. Similarly, the rate of a 200-ton crawler crane can be around USD 520 per hour. The rate of a hydraulic crane 100-ton (1 man) and 100-ton (2 man) can be around USD 390 and USD 545 per hour respectively. Owning an equipment can be costly for the clients, specifically for temporary projects.
List of Key Suppliers
- Gulfstream Services Inc.
- Maxim Crane Works L.P.
- Northshore Crane & Equipment, Inc.
- Northwest Crane Service
- United Rentals, Inc.
- Mammoet
- Bobcat Contracting L.L.C.
- Bigge Crane and Rigging Co.
- United Crane & Rigging
- TNT Crane & Rigging, Inc.
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
- Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
- Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
- Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
- A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
