how much does a construction crane cost to buy

Construction cranes are essential pieces of equipment for building and construction projects. They come in different sizes, types, and price ranges. Perhaps you are looking to purchase one for your upcoming project or are generally curious about the cost of ownership of a construction crane. In this article, we will discuss the factors that affect the cost of purchasing a construction crane and provide you with some estimates based on research and industry information.

Types of Construction Cranes

Before looking at the cost of construction cranes, we have to understand their various types, which greatly affect the price tags. The most common types of construction cranes include tower cranes, mobile cranes, and crawler cranes. Tower cranes are commonly used in tall building construction, and they range in height from over 200 feet to over 800 feet and can cost anywhere from $50,000 to $3 million. Mobile cranes are versatile and are useful on almost any construction site; they range in size and can cost between $10,000 to $500,000. Crawler cranes are heavy equipment used in larger building projects, and they can cost from $80,000 to $2 million. Knowing the type of crane you need will help you estimate an accurate pricing range.

Factors Affecting the Cost of Construction Cranes

The cost of construction cranes depends on various factors, including the type of crane, rise height, operating weight, lifting capacity, and rental duration. When you purchase a crane, you typically have to provide transportation and labor. Depending on your location, transportation can cost you between $10,000 to $30,000, especially if it requires multiple trucks and offloading equipment. Labor costs, on the other hand, depend on the type and complexity of the crane installation. You will most likely need a professional crane operator with experience in your crane type, and their hourly rates range between $300 to $500. Also, if you need a crane for a short-term project, you might benefit from renting, which can cost you between $1,000 to $10,000 a week.

UK Market Pricing

The cost of purchasing a construction crane varies from region to region. For instance, in the UK, the cost of ownership for a medium-sized construction crane, such as the Liebherr LTM 1220-5.2, can cost between £650,000 to £1.5 million. However, if you are looking to rent, the price ranges from £15,000 to £18,000 a week, depending on the crane type, location, and duration. You can also consider purchasing a used crane, which costs less than a brand new one. The UK market for used cranes has a wide range of models, sizes, and manufacturers. A used 50-tonne mobile crane in good condition can cost you between £60,000 to £200,000, depending on the model, age, and hours of use.

Conclusion

In conclusion, the cost of purchasing a construction crane varies depending on the type of crane, rise height, operating weight, lifting capacity, and rental duration. Other expenses, such as transportation, labor, and maintenance, also affect the overall price. It is essential to conduct proper research and determine your needs before purchasing or renting a construction crane. Additionally, always consider the crane's manufacturer, reputation, and safety record before making any investment. Getting a good-quality crane will pay off in the long run, and ensure that your project runs smoothly.