Crane Market Size & Share, By Product (Mobile Crane, Fixed Crane), Type, Load Capacity, Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

التوقعات السوقية:

Crane Market crossed USD 26.56 Billion in 2023 and is predicted to reach USD 48.83 Billion by end of the year 2032, observing around 7% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 26.56 Billion
• CAGR (2024-2032): 7%
• Forecast Year Value (2032): USD 48.83 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

سوق الديناميكية:

Growth Drivers & Opportunity:

Increasing investment in construction projects globally is driving the demand for cranes. Emerging economies are witnessing rapid urbanization and infrastructural development, leading to a surge in construction activities.

The growing trend of modular construction and off-site building methods is also boosting the crane market. These innovative construction techniques require efficient and versatile cranes for transportation and installation of prefabricated components, driving the demand for advanced crane technologies.

Rising adoption of automation and digitization in the construction industry is another major growth driver for the crane market. Advancements in crane technology, such as remote monitoring and control systems, are improving operational efficiency and safety, leading to increased adoption of cranes in construction projects.

Report Scope

Report Coverage	Details
Segments Covered	Product, Mobile Crane, Fixed Crane
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Altec, Broderson Manufacturing Corp, Cargotec, Columbus Mckinnon, Dongqi Crane, Effer S.P.A, Elliott Equipment Company, Fassi Gru S.p.A., Fushun Yongmao Construction Machinery Co.,, Hitachi Sumitomo Heavy Industries Construction Crane Co.,, Ingersoll Rand, plc, JASO Industrial Cranes, Kato Works Co.,, Kito, Kobelco Construction Machinery Co.,, Konecranes Plc, Liebherr Group, Linden Comansa, Locatelli crane S.R.L, Mammoet, Manitex International, Inc, The Manitowoc Company, Inc, O.M.V. Officine Meccaniche VICARIO S.P.A. Palfinger AG, Raimondi Cranes S.p.a, Sany Group, Tadano, Terex, Weldco Beales Manufcturing, Wolffkran International AG, Xuzhou Construction Machinery Group (XCMG), Zoomlion Heavy Industry Science and Technology Co.,

Industry Restraints:

Stringent regulatory standards and safety regulations in the crane industry pose a significant challenge for market growth. Compliance with these regulations requires substantial investments in training, maintenance, and equipment upgrades, increasing operational costs for crane manufacturers and users.

Volatility in raw material prices, especially steel and aluminum, poses a restraint to the growth of the crane market. Fluctuations in raw material costs impact the manufacturing and pricing of cranes, making it difficult for players in the market to maintain profitability and competitiveness.

التوقعات الإقليمية:

North America: The crane market in North America is expected to show steady growth due to the increasing construction activities in countries like the U.S. and Canada. The rising investments in infrastructure development projects and the expanding industrial sector are driving the demand for cranes in the region.

Asia Pacific: The crane market in Asia Pacific is projected to witness significant growth, particularly in countries like China, Japan, and South Korea. The rapid urbanization and industrialization in these countries are fueling the demand for cranes in sectors such as construction, manufacturing, and logistics. Additionally, government initiatives to develop infrastructure are further boosting the market growth.

Europe: In Europe, countries like the United Kingdom, Germany, and France are key players in the crane market. The market is driven by the growing construction industry, with increasing investments in residential and commercial projects. The demand for technologically advanced cranes is also rising in Europe, as companies focus on improving efficiency and safety in their operations.

تحليل التجزئة:

In terms of segmentation, the global Crane market is analyzed on the basis of Product, Mobile Crane, Fixed Crane.

Mobile Crane Market:

The mobile crane segment in the crane market is witnessing steady growth due to its versatility and easy maneuverability on construction sites. These cranes are in high demand for construction and mining applications as they can easily move around the site and lift heavy loads. Additionally, mobile cranes are also used in the utility sector for maintenance and repair tasks.

Fixed Crane Market:

Fixed cranes play a crucial role in the construction industry, providing stability and strength for lifting heavy materials at construction sites. These cranes are mainly used in manufacturing facilities for loading and unloading heavy equipment. The fixed crane segment is expected to witness steady growth in the coming years due to the increasing demand for infrastructure development.

Low Capacity Crane Market:

Low capacity cranes are commonly used in manufacturing and transport/shipping industries for lifting and moving medium-weight materials. These cranes are cost-effective and offer high precision in material handling tasks. The low capacity crane segment is projected to witness significant growth in the near future, driven by the rising demand for efficient material handling solutions.

High Capacity Crane Market:

High capacity cranes are predominantly used in the oil & gas/energy sector for lifting heavy machinery and materials. These cranes offer high load capacity and are essential for handling large-scale construction projects. The high capacity crane segment is expected to experience robust growth, owing to the increasing investment in infrastructure projects worldwide.

Construction & Mining Application:

The construction and mining application segment is the largest consumer of cranes, accounting for a significant market share. Cranes play a vital role in these industries by lifting heavy materials and equipment at construction sites and mining operations. The demand for cranes in the construction & mining sector is likely to remain strong due to ongoing infrastructure development projects.

Utility Application:

The utility sector relies on cranes for maintenance and repair tasks, as well as for handling materials in power plants and substations. Cranes are essential for the utility industry to ensure efficient operations and timely repairs. The utility application segment is expected to witness steady growth, driven by the increasing focus on infrastructure improvement and maintenance.

Manufacturing Application:

In the manufacturing sector, cranes are used for loading and unloading heavy equipment and materials on production lines. Cranes enhance efficiency and productivity in manufacturing facilities by facilitating smooth material handling processes. The manufacturing application segment is projected to experience steady growth, supported by the growing manufacturing industry worldwide.

Transport/Shipping Application:

Transportation and shipping industries rely on cranes for loading and unloading cargo containers and heavy machinery at ports and logistics hubs. Cranes play a critical role in facilitating smooth operations and efficient cargo handling in the transport/shipping sector. The transport/shipping application segment is expected to witness substantial growth, driven by the increasing global trade volume.

Oil & Gas/Energy Application:

The oil & gas/energy sector requires cranes for lifting heavy machinery and materials in offshore rigs, refineries, and power plants. Cranes are essential for maintaining safe and efficient operations in the oil & gas/energy industry. The oil & gas/energy application segment is likely to witness significant growth, supported by the increasing investments in energy infrastructure projects worldwide.

مشهد تنافسي:

The competitive landscape in the Crane Market is comprised of several key players operating on a global scale. These companies exhibit strong market presence and offer a wide range of crane products and services. They compete based on factors such as product quality, pricing, technology innovation, and customer service. Some of the top market players in the Crane Market include:

1. Cargotec

2. Konecranes

3. Manitowoc Company Inc.

4. Terex Corporation

5. Liebherr Group

6. XCMG Group

7. Tadano Ltd.

8. Sany Group

9. Zoomlion Heavy Industry Science & Technology Co., Ltd.

10. Kobelco Construction Machinery Co., Ltd.