The overall number of construction cranes at work in major North American cities grew 7% in the first three months of 2023 compared to the third quarter of 2022, although cranes on commercial projects were down 20% for that same period, according to the most recent crane index from Rider Levett Bucknall. Despite labor concerns and economic uncertainties, “we are continuing to see new projects break ground within our 14 key markets,” the report reads. “We anticipate the number of cranes to remain high into 2023. Despite uncertain market conditions, construction projects will continue to break ground, albeit at a cost.”
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