PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422737
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422737
Crane Market Size - By Product (Mobile Crane, Fixed Crane), By Type, Load Capacity, Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy), Growth Prospects, Regional Outlook & Global Forecast, 2024 - 2032
Global Crane Market will grow at a 6.9% CAGR between 2024 and 2032, owing to the increasing adoption of technologically advanced and versatile crane models. As industries prioritize efficiency and safety, the demand for innovative lifting solutions rises. Continuous advancements in crane technology, coupled with frequent new product launches, contribute to market growth. This trend reflects the industry's commitment to offering cutting-edge, adaptable, high-performance cranes, positioning technological innovation and product launches as key drivers in shaping the industry outlook.
For instance, in 2024, Kobelco Construction Machinery Co., Ltd. unveiled the TKE750G, a telescopic boom crawler crane featuring a maximum lifting capacity of 75 metric tons. The crane adheres to the core concept of G series lattice boom crawler crane models and operates with a Daimler OM936LA engine compliant with EU Stage V regulations from Mercedes-Benz (E9H01). This launch signifies Kobelco's commitment to innovation, enhancing the crane industry with its advanced features and improved lifting capacity.
The crane industry is fragmented on the basis of type, application, and region.
The all-terrain crane segment will establish a significant market foothold by 2032, fueled by the versatility and adaptability of all-terrain cranes capable of operating in various challenging environments. The growing demand for efficient and mobile lifting solutions across construction and industrial sectors will fuel the prominence of all-terrain cranes. As they offer high lifting capacities and the ability to navigate diverse terrains, the all-terrain crane segment will stand out as a key driver in the evolving crane industry.
The crane market size from the construction and mining segment will witness a substantial upswing by 2032, attributed to the indispensable role cranes play in heavy lifting and material handling within these sectors. As construction and mining activities surge globally, the demand for reliable and efficient lifting equipment intensifies. Cranes play a pivotal role in enhancing productivity and operational efficiency, making the construction and mining segment a primary contributor to the overall market growth.
Asia-Pacific crane market share will register a notable CAGR during 2024 and 2032. The region's thriving construction and infrastructure development, particularly in countries such as China and India, will drive the demand for cranes. Robust economic growth, urbanization trends, and increased investment in various sectors will further contribute to the prevalence of cranes in Asia-Pacific. As a result, the region will stand out as the primary contributor to the global demand for these lifting machines, reflecting its pivotal role in the industry.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Crane market 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Product trends
Chapter 3 Crane Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Component supplier
- 3.2.2 Technology provider
- 3.2.3 Manufacturer
- 3.2.4 Distributor
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising mining activities in North America
- 3.8.1.2 Increased use in transportation & logistics industry of Europe
- 3.8.1.3 Increasing investments in infrastructure development in APAC
- 3.8.1.4 Rising construction activities in Latin America
- 3.8.1.5 Expanding oil & gas industry in MEA
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1. High capital investments
- 3.8.2.2. Lack of skilled operators and technicians
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Crane Market Estimates & Forecast, By Product (Revenue & Shipment)
- 5.1 Key trends, by product
- 5.2 Mobile crane
- 5.3 Fixed Crane
Chapter 6 Crane Market Estimates & Forecast, By Mobile Crane (Revenue & Shipment)
- 6.1 Type
- 6.1.1 All-terrain crane
- 6.1.2 Crawler crane
- 6.1.3 Rough terrain crane
- 6.1.4 Truck loader crane
- 6.2 Load capacity
- 6.2.1 5 ton
- 6.2.2 10 to 20 ton
- 6.2.3 21 to 30 ton
- 6.2.4 Above 30 ton
- 6.3 Application
- 6.3.1 Construction & Mining
- 6.3.2 Utility
- 6.3.3 Manufacturing
- 6.3.4 Transport/Shipping
- 6.3.5 Oil & Gas/Energy
Chapter 7 Crane Market Estimates & Forecast, By Fixed Crane (Revenue & Shipment)
- 7.1 Type
- 7.1.1 Monorail Crane
- 7.1.2 Stiffleg Crane
- 7.1.3 Tower Crane
- 7.1.4 Gantry Crane
- 7.2 Load capacity
- 7.2.1 Below 25 ton
- 7.2.2 26 ton to 50 ton
- 7.2.3 51 ton to 80 ton
- 7.2.4 Above 80 ton
- 7.3 Application
- 7.3.1 Construction & Mining
- 7.3.2 Utility
- 7.3.3 Manufacturing
- 7.3.4 Transport/Shipping
- 7.3.5 Oil & Gas/Energy
Chapter 8 Crane Market Estimates & Forecast, By Region (Revenue & Shipment)
- 8.1 Key trends, by region
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 South Korea
- 8.4.4 Japan
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
Chapter 9 Company Profiles
- 9.1 Altec Inc
- 9.2 Broderson Manufacturing Corp
- 9.3 Cargotec Corporation
- 9.4 Columbus Mckinnon Corporation
- 9.5 Dongqi Crane
- 9.6 Effer S.P.A
- 9.7 Elliott Equipment Company
- 9.8 Fassi Gru S.p.A.
- 9.9 Fushun Yongmao Construction Machinery Co., Ltd
- 9.10 Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd
- 9.11 Ingersoll Rand, plc
- 9.12 JASO Industrial Cranes
- 9.13 Kato Works Co., Ltd
- 9.14 Kito Corporation
- 9.15 Kobelco Construction Machinery Co., Ltd
- 9.16 Konecranes Plc
- 9.17 Liebherr Group
- 9.18 Linden Comansa (Construcciones Metalicas Comansa S.A.)
- 9.19 Locatelli crane S.R.L
- 9.20 Mammoet
- 9.21 Manitex International, Inc
- 9.22 The Manitowoc Company, Inc
- 9.23 O.M.V. Officine Meccaniche VICARIO S.P.A.
- 9.24 Palfinger AG
- 9.25 Raimondi Cranes S.p.a
- 9.26 Sany Group
- 9.27 Tadano Ltd
- 9.28 Terex Corporation
- 9.29 Weldco Beales Manufcturing
- 9.30 Wolffkran International AG
- 9.31 Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- 9.32 Zoomlion Heavy Industry Science and Technology Co., Ltd
