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Market Research Report
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1017556

Global Crane Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

Published: | Koncept Analytics | 123 Pages | Delivery time: 1-2 business days

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Global Crane Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
Published: July 7, 2021
Koncept Analytics
Content info: 123 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

The global crane market is forecasted to record a value of US$41.39 billion in 2025, progressing at a CAGR of 5.24% during the period spanning 2021-2025. The factors such as increasing investment in construction and infrastructure, rising demand in metallurgical industries, escalating preference of rental services, upsurge in e-commerce sector, rapid expansion of aerospace industry and expanding urbanization would drive the growth of the market. However, the market growth would be challenged by high investment cost and dearth of skilled labor. A few notable trends may include surging mining activities, rapid growth of automotive industry, upswing in maritime activities and rising applications in power generation.

The global crane market is categorized on the basis of type and application. According to the type, the market can be split into mobile cranes, marine & port cranes and fixed cranes. Whereas, the global crane market can be bifurcated into construction, industrial application, mining and excavation, oil & gas and other applications, in terms of application.

The fastest growing regional market was Asia Pacific which is expected to dominate the market in future accruing to growing construction activities in emerging economies, such as China, India, and the Philippines, expansion of manufacturing sector in the region, the upgrading and expansion of existing networks and rising investments in the energy transmission and distribution (T&D) networks. Further, disruption in the supply chain of raw materials and halted construction & manufacturing activities across the world, caused by the COVID-19 pandemic, resulted in the downfall in demand for cranes in various end-use industries which eventually had a negative impact on its market growth globally.

Scope of the report:

  • The report provides a comprehensive analysis of the global crane market segmented on the basis of type, application and region with potential impact of COVID-19.
  • The major regional markets Asia Pacific, North America, Europe and rest of the World (RoW) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Zoomlion Heavy Industry Science and Technology Co., Ltd., Cargotec Corporation, Konecranes PLC, Terex Corporation, Palfinger AG and The Manitowoc Company, Inc.) are also presented in detail.

Key Target Audience:

  • Crane Manufacturers
  • Crane Distributors and Suppliers
  • End Users (Businesses/Consumers)
  • Association of Equipment Manufacturers
  • Research & Consulting Services
Table of Contents

Table of Contents

1. Market Overview

  • 1.1 Introduction
  • 1.2 Parts of a Tower Crane
  • 1.3 Mechanical Principles of Cranes
  • 1.4 Classification of Cranes
  • 1.5 Features & Capabilities of Cranes
  • 1.6 Factors Responsible for the Choice of Crane
  • 1.7 Difference Between Mobile Cranes & Tower Cranes

2. Impact of COVID-19

  • 2.1 Drop in Construction Activities
  • 2.2 Reduction in Maritime Trade
  • 2.3 Decline in Aircraft Deliveries
  • 2.4 Decreased Copper Production

3. Global Market Analysis

  • 3.1 Global Crane Market by Value
  • 3.2 Global Crane Market Forecast by Value
  • 3.3 Global Crane Market by Type
    • 3.3.1 Global Mobile Crane Market by Value
    • 3.3.2 Global Mobile Crane Market Forecast by Value
    • 3.3.3 Global Mobile Crane Market by Type
    • 3.3.4 Global All-Terrain Mobile Crane Market Forecast by Value
    • 3.3.5 Global Rough Terrain Mobile Crane Market Forecast by Value
    • 3.3.6 Global Crawler Mobile Crane Market Forecast by Value
    • 3.3.7 Global Truck-Mounted Mobile Crane Market Forecast by Value
    • 3.3.8 Global Mobile Crane Market by Application
    • 3.3.9 Global Construction Mobile Crane Market Forecast by Value
    • 3.3.10 Global Industrial Mobile Crane Market Forecast by Value
    • 3.3.11 Global Utility Mobile Crane Market Forecast by Value
    • 3.3.12 Global Marine & Port Crane Market by Value
    • 3.3.13 Global Marine & Port Crane Market Forecast by Value
    • 3.3.14 Global Fixed Crane Market by Value
    • 3.3.15 Global Fixed Crane Market Forecast by Value
  • 3.4 Global Crane Market by Application
    • 3.4.1 Global Construction Crane Market by Value
    • 3.4.2 Global Construction Crane Market Forecast by Value
    • 3.4.3 Global Industrial Crane Market by Value
    • 3.4.4 Global Industrial Crane Market Forecast by Value
    • 3.4.5 Global Mining & Excavation Crane Market by Value
    • 3.4.6 Global Mining & Excavation Crane Market Forecast by Value
    • 3.4.7 Global Oil & Gas Crane Market by Value
    • 3.4.8 Global Oil & Gas Crane Market Forecast by Value
  • 3.5 Global Crane Market by Region

4. Regional Market Analysis

  • 4.1 Asia Pacific
    • 4.1.1 Asia Pacific Crane Market by Value
    • 4.1.2 Asia Pacific Crane Market Forecast by Value
  • 4.2 North America
    • 4.2.1 North America Crane Market by Value
    • 4.2.2 North America Crane Market Forecast by Value
  • 4.3 Europe
    • 4.3.1 Europe Crane Market by Value
    • 4.3.2 Europe Crane Market Forecast by Value
  • 4.4 RoW
    • 4.4.1 RoW Crane Market by Value
    • 4.4.2 RoW Crane Market Forecast by Value

5. Market Dynamics

  • 5.1 Growth Drivers
    • 5.1.1 Increasing Investment in Construction & Infrastructure
    • 5.1.2 Rising Demand in Metallurgical Industries
    • 5.1.3 Escalating Preference of Rental Services
    • 5.1.4 Upsurge in E-Commerce Sector
    • 5.1.5 Rapid Expansion of Aerospace Industry
    • 5.1.6 Expanding Urbanization
  • 5.2 Key Trends and Developments
    • 5.2.1 Surging Mining Activities
    • 5.2.2 Rapid Growth of Automotive Industry
    • 5.2.3 Upswing in Maritime Activities
    • 5.2.4 Accelerating Demand from Oil Refineries
    • 5.2.5 Rising Applications in Power Generation
  • 5.3 Challenges
    • 5.3.1 High Investment Cost
    • 5.3.2 Dearth of Skilled Labor

6. Competitive Landscape

  • 6.1 Global Market
    • 6.1.1 Revenue Comparison of Key Players
    • 6.1.2 Market Capitalization Comparison of Key Players
    • 6.1.3 R&D Comparison of Key Players
  • 6.2 Asia Pacific Market
    • 6.2.1 China Crane Market Share by Key Players

7. Company Profiles

  • 7.1 Zoomlion Heavy Industry Science and Technology Co., Ltd.
    • 7.1.1 Business Overview
    • 7.1.2 Financial Overview
    • 7.1.3 Business Strategies
  • 7.2 Cargotec Corporation
    • 7.2.1 Business Overview
    • 7.2.2 Financial Overview
    • 7.2.3 Business Strategies
  • 7.3 Konecranes PLC
    • 7.3.1 Business Overview
    • 7.3.2 Financial Overview
    • 7.3.3 Business Strategies
  • 7.4 Terex Corporation
    • 7.4.1 Business Overview
    • 7.4.2 Financial Overview
    • 7.4.3 Business Strategies
  • 7.5 Palfinger AG
    • 7.5.1 Business Overview
    • 7.5.2 Financial Overview
    • 7.5.3 Business Strategies
  • 7.6 The Manitowoc Company, Inc.
    • 7.6.1 Business Overview
    • 7.6.2 Financial Overview
    • 7.6.3 Business Strategies

List of Figures

  • Parts of a Tower Crane
  • Mechanical Principles of Cranes
  • Classification of Cranes
  • Features & Capabilities of Cranes
  • Factors Responsible for the Choice of Crane
  • New Construction put in place in the U.S. (2016-2020)
  • Global Maritime Trade (2016-2020)
  • Number of Gross Orders for Airbus & Boeing Aircraft (2016-2020)
  • Global Copper Mine Production (2016-2020)
  • Global Crane Market by Value (2016-2020)
  • Global Crane Market Forecast by Value (2021-2025)
  • Global Crane Market by Type (2020)
  • Global Mobile Crane Market by Value (2016-2020)
  • Global Mobile Crane Market Forecast by Value (2021-2025)
  • Global Mobile Crane Market by Type (2020)
  • Global All-Terrain Crane Market Forecast by Value (2020-2025)
  • Global Rough Terrain Crane Market Forecast by Value (2020-2025)
  • Global Crawler Crane Market Forecast by Value (2020-2025)
  • Global Truck-Mounted Crane Market Forecast by Value (2020-2025)
  • Global Mobile Crane Market by Application (2020)
  • Global Construction Mobile Crane Market Forecast by Value (2020-2025)
  • Global Industrial Mobile Crane Market Forecast by Value (2020-2025)
  • Global Utility Mobile Crane Market Forecast by Value (2020-2025)
  • Global Marine & Port Crane Market by Value (2016-2020)
  • Global Marine & Port Crane Market Forecast by Value (2021-2025)
  • Global Fixed Crane Market by Value (2016-2020)
  • Global Fixed Crane Market Forecast by Value (2021-2025)
  • Global Crane Market by Application (2020)
  • Global Construction Crane Market by Value (2016-2020)
  • Global Construction Crane Market Forecast by Value (2021-2025)
  • Global Industrial Crane Market by Value (2016-2020)
  • Global Industrial Crane Market Forecast by Value (2021-2025)
  • Global Mining & Excavation Crane Market by Value (2016-2020)
  • Global Mining & Excavation Crane Market Forecast by Value (2021-2025)
  • Global Oil & Gas Crane Market by Value (2016-2020)
  • Global Oil & Gas Crane Market Forecast by Value (2021-2025)
  • Global Crane Market by Region (2020)
  • Asia Pacific Crane Market by Value (2016-2020)
  • Asia Pacific Crane Market Forecast by Value (2021-2025)
  • North America Crane Market by Value (2016-2020)
  • North America Crane Market Forecast by Value (2021-2025)
  • Europe Crane Market by Value (2016-2020)
  • Europe Crane Market Forecast by Value (2021-2025)
  • RoW Crane Market by Value (2016-2020)
  • RoW Crane Market Forecast by Value (2021-2025)
  • Global Construction Industry Spending (2016-2025)
  • Global Stainless Steel Production (2016-2020)
  • Global Equipment Rental Companies in 2020, based on Rental Revenue (2020)
  • Retail E-Commerce Sales Worldwide (2016-2021)
  • Global Aerospace Industry (2017-2022)
  • Global Urban Population (2016-2020)
  • Global Coal Demand (2016-2021)
  • Global Motor Vehicle Production (2020-2030)
  • Global Container Throughput (2016-2021)
  • Global Oil Refinery Market (2020-2025)
  • Projected Global Electricity Generation (2020-2050)
  • China Crane Market Share by Key Players (2020)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd. Revenue and Net Profit (2016-2020)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd. Revenue by Segment (2020)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd. Revenue by Region (2020)
  • Cargotec Corporation Sales and Net Income (2016-2020)
  • Cargotec Corporation Sales by Segment (2020)
  • Cargotec Corporation Sales by Region (2020)
  • Konecranes PLC Sales and Profit (2016-2020)
  • Konecranes PLC Sales by Segment (2020)
  • Konecranes PLC Sales by Region (2020)
  • Terex Corporation Net Sales and Net Income (Loss) (2016-2020)
  • Terex Corporation Net Sales by Segment (2020)
  • Terex Corporation Net Sales by Region (2020)
  • Palfinger AG Revenue and Gross Profit (2016-2020)
  • Palfinger AG Revenue by Segment (2020)
  • Palfinger AG Revenue by Region (2020)
  • The Manitowoc Company, Inc. Revenue and Net Income (Loss) (2016-2020)
  • The Manitowoc Company, Inc. Revenue by Segment (2020)
  • The Manitowoc Company, Inc. Revenue by Region (2020)

List of Tables

  • Difference Between Mobile Cranes & Tower Cranes
  • Revenue Comparison of Key Players (2020)
  • Market Capitalization Comparison of Key Players (2021)
  • R&D Comparison of Key Players (2020)