The Impact of COVID-19 on Crane Industry


Posted March 3, 2021 by Loadmate

LOADMATE is leading manufacturer and exporter electric chain hoist, heavy industrial cranes, wire rope hoist, chain pulley block, Jib cranes in India.

 
Gujarat, India, February 10, 2021: COVID-19 took every single industry and market under its claw a few months back, and the crane industry is no exception. Due to the lockdown, there had been a noteworthy decline in the projects, and the ones that were in progress came to a halt. This report will show its impact on the industry and what measures were taken to get it back on track.

When the corona virus set its foot in, all the manufacturing plants were shut, infrastructure and construction projects were halted, and the market came to an abrupt end. The demand for cranes witnessed a serious decrement, and the suppliers or manufacturers faced several other issues due to this. A crane, which is one of the most vital components of the construction industry that lifts and moves the bulky load, was nowhere to be seen. Workers, travel cranes, and raw materials were not available; the ongoing projects had to be stopped, the cranes that require maintenance like tower cranes and single girder EOT cranes were neglected. Simply, the supply chain department went down.

When the situation slightly came back to normal, the industry leaders took various steps to modify the industry and came up with different business plans to address the loss suffered during the pandemic. Furthermore, the global players in the market are focused on the development of new business models and strategies to address the lowered demand in the global market. As per the details, the crane industry took a leap forward, and the market is expected to witness a rising trajectory in the upcoming years. The crane industry is now poised to recover all of the losses and opportunities that it suffered during the pandemic.

Many of the pioneers in the industry came up with continuity plans but were unable to surpass the fast-paced and inconsistent market procedures, which took a turn due to the pandemic. The whole situation took a new face, and new measures were taken to run the industry. The industry leaders followed the guidelines and came up with new strategies to tackle the situation. Ensured the safety of employees, customers, and partners, the industry leaders found a way to continue the business.

LOADMATE is one of the leading crane manufacturers in India that took care of the safety of its employees and transformed our way to process in such unprecedented times. Our management team took care of the business while working remotely; some of our workers (with full safety) took care of receiving orders and delivering them at the time of crisis. We've been one step ahead when it comes to maintaining the supply of our products and machines. With optimism and dedication, we will continue our journey ahead.

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RMS Industries
N1 to N6, Sayan Industrial Park
Nr. RJD Textile Park, Icchapore
Pal – Hazira Road
Surat,Gujarat,394510
9687614356
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Contact Email [email protected]
Issued By RMS Industries
Country India
Categories Business
Tags chain hoist , electric wire rope hoist , goliath crane , wire rope hoist
Last Updated March 3, 2021