1. Market Research
  2. > Construction
  3. > Construction Equipment Market Trends

Global Crane Market Forecast 2017-2024

  • January 2017
  • 350 pages
  • Inkwood Research
Report ID: 4622004

Summary

Table of Contents

KEY FINDINGS
The global cranes market is poised to grow during the forecast period of 2017 to 2024. Various reasons for the growth of the cranes market are higher demand from construction and infrastructure industry, the growth of economies in developing nations, construction of smart cities and mega cities and technological innovations which have resulted in lighter and more energy efficient cranes.

Cranes are used to lift and lower material and also to move them horizontally. It is used for lifting heavy things and transporting them. Most commonly it is used in construction and infrastructure. Continuous technological advancement in this sector has led to the creation of more adaptable, intelligent and modular cranes. There is a higher demand for energy efficient, lighter and compact cranes. They are widely used in the marine sector, mining and excavation.

Cranes market is segmented on the basis of geography, type and end user. On the basis of the type, it can be segmented into mobile cranes, fixed cranes and marine and port cranes. Marine port cranes are further classified into the mobile harbor, gantry, offshore and ship cranes. Fixed cranes are segmented into monorail and underhung cranes, overhead track-mounted cranes, tower cranes and stiff-leg derrick. Mobile cranes are classified into wheeled mounted mobile cranes, commercial truck-mounted cranes, crawler cranes, side boom, straddle cranes, railroad cranes, aerial cranes and others. End uses for cranes can be construction, infrastructure, shipyards, automotive, excavation and mining and others.

MARKET INSIGHTS
Market drivers for cranes are the growth of economies in developing nation, rejuvenation of construction industry in developed nations with improving fiscal scenario, rapid urbanization, development of megacities and smart cities and technological advancements which have led to the creation of energy efficient, compact and lighter cranes.
It is expected that the market for marine cranes will report the highest growth in the forecast period due to increasing sea trade. However, the market for fixed cranes is going to grow at a slow rate in the forecast period.
As end-user, cranes will be used mostly by the construction industry. Improving fiscal situation in developing countries like India, China, Brazil and the African and the Latin American region will lead to rapid urbanization and the need for more construction activities.
Factors that will restrain market growth are high maintenance costs, stringent emission norms, supply crunch in raw materials and unstable fuel prices.


REGIONAL INSIGHTS
Market regions that are covered in the report are North America, Europe, Asia-Pacific and RoW. North America follows the Asia-Pacific region, followed by Europe. It is expected that the growth rate will decrease in these regions in the forecast period due to slower construction rate and hence lower demand for cranes.
The Asia-Pacific market is expected to report very good growth in the forecast period due to increasing demand for cranes and has the largest market share of the cranes market. Creation on megacities and smart cities, infrastructure renewal, globalization and urbanization will all boost market growth. The biggest market for cranes currently is China and India due to the construction industry and large infrastructure sector. Mobile cranes will have the largest market share in the coming year with the expected increase in construction activity.


COMPETITIVE INSIGHTS
The major market players for cranes are Liebherr, Cargotec, Terex, XCMG, Zoomlion, Konecranes, Manitowoc, APMC, Tadano and Sany. Established companies have a good hold on the cranes market due to the high cost of investment needed to enter and sustain in the market. Companies are forming alliances and are going for mergers and acquisitions to strengthen their market position. Organizations are investing in research and development to come up with novel and innovative products that will capture new market share.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Global Crane Market - Growth, Trends and Forecast Analysis (2017 - 2022)

Global Crane Market - Growth, Trends and Forecast Analysis (2017 - 2022)

  • $ 7850
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The global crane market is expected to grow at a CAGR of over 6% till 2022. The market accounted to USD 32.45 billion in 2016. Innovations in manufacturing and smart design have resulted in adaptable, ...

Cranes Markets in China

Cranes Markets in China

  • $ 4000
  • Industry report
  • February 2017
  • by Asia Market Information & Development Company

China’s demand for Cranes has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has ...

Global Mobile Crane Market 2017-2021

Global Mobile Crane Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Mobile Crane A mobile crane is a lifting device, which incorporates a cable-controlled crane mounted on rubber-tired carriers or crawlers or a hydraulic-powered crane with a telescoping boom. It ...

Cranes Companies In China

February 2017 $ 1800

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.