Research and Development
PALFINGER is seen worldwide as the innovation and technology leader in its industry. This did not happen by chance. The company has always focused on the continuous development of its products.
In 2021 alone, PALFINGER invested EUR 72.1 million in research and development. This corresponds to 3.9 percent of annual revenue.
Digitization is needed to explore and exploit the potential of hydraulic systems. By deploying and developing networked, eco-efficient and autonomous solutions, PALFINGER supports its customers in generating added value every day. With its Virtual Drive control system and Smart Control crane tip controller, PALFINGER makes operation easier – and significantly increases user safety. PALFINGER is doing more than increasing efficiency and performance with digitization. With the help of the data obtained, PALFINGER creates additional added value for its customers and partners along the entire value chain. As part of the Strategy 2030, PALFINGER is working on integrating lifting systems with the vehicle to create a complete solution.
Together with the Köstendorf global innovation and technology center, PALFINGER 21st (P21st) – the Corporate Incubator – plays a central role in this. In close collaboration with the core organization’s research and development teams and in cooperation with external partners from research and industry, P21st is dedicated to disruptive technologies, radical new ideas, and the development of new business models and segments for PALFINGER.