Overhead Crane Prices, Costs & Financing Guide for Australian Buyers

Looking to buy a Overhead Crane? Comparing quotes can help you find the right supplier.

Updated:  18 March 2025

Explore overhead crane prices, costs, and financing options in Australia. Our guide helps you make an informed purchase with key considerations for your business needs

Discover key considerations for buying overhead cranes in Australia, including pricing, costs, and financing options. Make an informed decision with expert insights.

Key Takeaways

  • Types of Cranes: The four main types of overhead cranes—Bridge, Gantry, Jib, and Monorail—each offer unique features that suit different operational needs.
  • Crane Pricing: Expect to pay between $30,000 and $500,000 for a high-quality overhead crane, with variations based on size and duty requirements.
  • Compliance: Australian regulations require overhead cranes to meet safety standards like AS 1418.1, with regular inspections at intervals of 10 and 25 years.
  • Financing and Leasing: Many Australian suppliers offer flexible leasing or loan options. A deposit of 20% is common, with financing terms generally ranging from 2-5 years.
  • Maintenance Costs: Annual maintenance can cost between $2,000 and $10,000, depending on the crane's size and usage.
  • Warranties: Standard warranties typically range from 12 months to 36 months, with some manufacturers offering extended warranty options.

Overhead cranes are essential pieces of machinery used in a wide range of Australian industries, including manufacturing, warehousing, and construction. Selecting the right overhead crane for your business is a significant investment and requires careful consideration. This detailed guide will help you navigate the process of choosing the right overhead crane, including key factors such as crane types, pricing, maintenance, compliance with Australian regulations, financing options, and more.

Whether you need a light-duty crane for a small workshop or a heavy-duty solution for large-scale operations, this guide will provide you with the necessary tools to make an informed decision.

Types of Overhead Cranes

The first step in purchasing an overhead crane is understanding the different types available. Each type has its specific advantages based on the application, load, and space constraints.

1. Bridge Cranes

  • Bridge cranes are the most commonly used type of overhead crane in large indoor facilities. They consist of a bridge that spans the entire width of the building, with the crane hoist running along the bridge.
  • Best For: These cranes are ideal for large manufacturing plants or warehouses where heavy lifting and wide coverage are required.
  • Price Range: Typically priced between $50,000 and $300,000, depending on factors such as capacity, span, and lift height.
  • Key Features: Long spans, heavy-duty lifting, high capacity.

2. Gantry Cranes

  • Gantry cranes are similar to bridge cranes but are supported by legs that move along the ground. They can be either fixed or mobile and are often used in outdoor settings.
  • Best For: Ideal for outdoor applications such as shipyards or construction sites where mobility and versatility are essential.
  • Price Range: Prices generally range from $100,000 to $500,000, depending on the size and complexity of the crane.
  • Key Features: Mobile, adaptable, suitable for large outdoor spaces.

3. Jib Cranes

  • Jib cranes have a rotating arm that is mounted on a vertical mast. They are generally used in smaller areas to lift loads across short distances.
  • Best For: Perfect for small to medium-sized workshops or stations requiring localised lifting.
  • Price Range: Ranges from $10,000 to $50,000, based on the design, capacity, and features.
  • Key Features: Compact, easy to install, versatile.

4. Monorail Cranes

  • A monorail crane uses a single rail mounted on a structure. The crane moves along this track to transport loads over a fixed path.
  • Best For: Suitable for assembly lines or environments where precise, linear movement is necessary.
  • Price Range: Typically priced between $30,000 and $100,000 depending on customisation and size.
  • Key Features: Precision, fixed track movement.

Pricing Breakdown

The price of an overhead crane in Australia can vary significantly based on the type of crane, its load capacity, customisation options, and installation requirements. Below is a more detailed breakdown of expected costs:

Light-Duty Cranes (1-5 tons)

  • Price Range$2,200 to $30,000.
  • Use: Suitable for light, occasional lifting tasks in small workshops or warehouses.

Medium-Duty Cranes (5-20 tons)

  • Price Range$50,000 to $100,000.
  • Use: Ideal for handling moderately heavy loads in industrial settings with regular usage.

Heavy-Duty Cranes (20+ tons)

  • Price Range$100,000 to $500,000.
  • Use: Designed for demanding applications such as steel manufacturing, large warehouses, and construction sites.

Key Specifications to Consider

When selecting the right overhead crane, it's essential to ensure that the machine meets your specific operational requirements. Here are the key specifications to pay attention to:

1. Load Capacity

  • The load capacity is the maximum weight that the crane can lift. Make sure to choose a crane that can handle the maximum load you expect to lift.
  • Typical Range: Overhead cranes in Australia can lift anywhere from 1 ton to over 100 tons.
  • Example: A 5-ton bridge crane is a common choice for small to medium-sized operations and typically costs around $50,000.

2. Lift Height

  • The lift height determines how far the crane can raise its load. Consider the height of your building, equipment, and any overhead obstacles.
  • Typical Range: Lift heights range from 5 metres for standard applications to more than 30 metres for large industrial sites.

3. Span

  • The span is the distance between the two support rails that the crane runs along. Ensure the span covers the area where you need to move loads.
  • Consideration: Wider spans increase crane cost but offer more flexibility.

4. Duty Cycle

  • The duty cycle indicates how frequently the crane will be used. Cranes with a higher duty cycle rating are built to withstand more frequent and intense use.
  • Consideration: Select a crane rated for light, medium, or heavy-duty use based on your workload.

5. Safety Features

  • Safety is paramount in crane operations to protect both the equipment and personnel. Overhead cranes are subject to strict safety regulations, and having appropriate safety mechanisms in place can prevent accidents, downtime, and costly repairs.
  • Consideration: Look for essential safety features such as overload sensors, emergency stop buttons, anti-collision systems, and limit switches to ensure safe crane operation.

6. Operating Environment

  • The conditions in which the crane will operate can greatly affect its performance and lifespan. Factors like humidity, temperature extremes, dust, or exposure to chemicals need to be considered.
  • Consideration: Ensure that the crane is designed for the specific conditions of your workplace, such as corrosion-resistant coatings for outdoor use or explosion-proof designs for hazardous environments.

Compliance and Certification for Australian Buyers

Ensuring compliance with safety standards and certifications is essential when purchasing an overhead crane in Australia. Below are the key considerations for buyers:

1. Work Health and Safety (WHS) Act

  • Requires employers to ensure a safe work environment, including crane operation.
  • Consideration: Ensure the crane meets WHS guidelines for safe operation and maintenance.

2. Australian Standards (AS 1418)

  • The primary standard for crane design, construction, and safety.
  • Consideration: Ensure the crane is built in compliance with AS 1418 standards for safety and performance.

3. AS/NZS 2550 - Cranes, Hoists, and Winches

  • Guidelines for the safe use, operation, and maintenance of cranes.
  • Consideration: Regularly comply with AS/NZS 2550 to maintain safety and performance.

4. Lifting Gear and Equipment Certification (LGE)

  • Certification for lifting gear like hooks, slings, and hoists.
  • Consideration: Ensure lifting gear is certified and regularly inspected.

5. Crane Maintenance and Inspection

  • Regular crane inspections and maintenance to ensure safety.
  • Consideration: Follow inspection schedules to stay compliant with Australian regulations.

6. Manufacturer's Compliance Certification

  • Verification that cranes meet Australian safety standards.
  • Consideration: Always request a manufacturer's compliance certificate to confirm compliance.

Financing Options for Overhead Cranes

Purchasing an overhead crane can be a large financial investment, but various financing options are available in Australia to make it more manageable.

1. Leasing

  • How It Works: Leasing allows businesses to pay a fixed monthly fee to use the crane for a set period, with the option to purchase the crane at the end of the lease term.
  • Deposit: Typically around 20% of the total price.
  • Financing Terms: Leasing agreements can range from 2 to 5 years.

2. Loan Financing

  • How It Works: Similar to leasing, but the buyer owns the crane from the start. Payments are made monthly with interest over the agreed term.
  • Deposit: Typically 20% of the total price.

3. Government Grants and Tax Benefits

  • Check for local and federal incentives, such as equipment grants or tax deductions for investing in industrial machinery. Some Australian businesses can benefit from the Instant Asset Write-Off program.

Warranties for Overhead Cranes

  1. Standard Warranties: Typically 12-36 months covering defects in materials and workmanship.
  2. Extended Warranties: Available for an extra cost, covering repairs and replacements for 5+ years.
  3. What to Consider: Ensure coverage includes parts, labour, and check for exclusions. Some warranties may be transferable to new owners.
  4. Manufacturer's Compliance Certification: Confirms the crane meets Australian safety standards and warranty requirements.

Maintenance and Longevity

Maintenance plays a critical role in ensuring your overhead crane’s longevity. Poorly maintained cranes lead to safety risks and costly breakdowns.

a) Preventive Maintenance Checklist:

  • Daily: Check hoist cables, inspect hooks and latches, inspect emergency stop buttons.
  • Weekly: Inspect the crane’s brakes, clean and lubricate moving parts.
  • Annually: Perform a full inspection, check load-bearing capacity, test emergency systems.

b) Maintenance Costs:

  • On average, annual maintenance for a bridge crane may cost around $5,000–$10,000 (depending on type and load capacity).
  • Predictive maintenance technologies can help reduce the number of unplanned repairs by identifying potential issues before they cause damage.

c) Preventive Maintenance Technologies:

  • Remote Monitoring: Many modern cranes are equipped with remote monitoring tools that track their usage and condition, sending alerts when maintenance is due.

Common Questions About Overhead Cranes

1. How long do overhead cranes last?

  • With proper maintenance, an overhead crane can last up to 30 years or more.

2. What is the maximum load an overhead crane can lift?

  • Overhead cranes can handle loads ranging from 1 ton to over 100 tons, depending on the model and application.

3. Are overhead cranes difficult to operate?

  • While they are easy to operate, operators must undergo proper training to understand the crane's functions and safety protocols.

4. How often do I need to service an overhead crane?

  • Regular servicing is necessary, with a full inspection every 12 months and a major inspection every 10 years.

Conclusion

Choosing the right overhead crane is an important decision for any business involved in heavy lifting. By understanding the types, pricing, compliance, and maintenance requirements, you can select the best crane that meets your operational needs and budget. Whether you’re looking for a light-duty crane for a small workshop or a large, heavy-duty crane for industrial applications, this guide has equipped you with all the necessary tools to make an informed purchase.

Get 3+ quotes so you can compare and choose the supplier that's right for you