Crane Market Forecast | To Cross 35 thousand units shipments by 2025, 890 pages report

Crane Market Forecast | To Cross 35 thousand units shipments by 2025, 890 pages report

“The crane market key players are Liebherr Group, Komatsu Ltd., Comansa, XCMG Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Terex Corporation, Sany Group, Tadano Ltd., Manitowoc, Palfinger AG, etc.”
The North America crane market will grow at 6% CAGR over 2019-2025 and is witnessing a high equipment demand due utility and infrastructure sectors expansion.

According to a report by GMI, global crane market will surpass US$ 28 billion by 2025, rising at 6% CAGR from 2019 to 2025. The increasing construction spending and the emergence of new public & private infrastructures across the globe are driving the crane market growth at a rapid pace. High rise in urbanization activities and shift of the rural population to urban areas are adding to the demand for these machines. Recent developments in the residential & commercial infrastructures and construction of complex building structures across the globe support the industry expansion. Additionally, productivity, efficiency, and high payload features incorporated in the newly developed models are creating a high demand from contractors, construction companies, and application industries. Various government regulations for worker and site safety are majorly driving the crane market product demand globally.

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The crane market is hindered by the unavailability of skilled & trained operators in several regions. These machines require well-trained personnel for operating in complex & rough terrain work sites. Crane operations by untrained human labors may result in workplace fatalities and damage to properties. To overcome these issues, manufacturers and rental providers are offering advanced & certified operator training courses through distribution & maintenance facilities. Additionally, a new mandate imposed by the Occupational Safety and Health Administration (OSHA) related to crane operator certification is supporting increased training courses. 

In the crane market, tower machines are utilized at a high rate due to their applications in building high rise structures across the globe. The construction of heightened and multistory residential & commercial buildings in the developing countries of Asia and Europe is supporting the high tower crane demand. These machines are used to lift & transfer heavy materials in constructing tall buildings and complex structures. Moreover, these cranes reduce the amount of labor required in transferring heavy materials, further reducing labor costs. Manufacturers in the crane market are developing new models with high load lifting features. For instance, in April 2019, Comansa announced its plan to launch a new and larger flat top tower cranes with a maximum load capacity of 66 tonnes. 

Browse complete, “Crane Market Size By Product (Mobile Crane [All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane], Fixed Crane [Monorail Crane, Stiffleg Crane, Tower Crane, Gantry Crane], By Application (Construction & Mining, Utility [Electric, Telecom, Water], Manufacturing, Transport/Shipping, Oil & Gas/Energy), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” report,

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The Europe crane market is expected to develop rapidly due to the rising construction & demolition activities in the European countries. The growing popularity of urban infrastructure, smart buildings, and smart cities across the European Union are adding to the machinery demand. These machines are used at complex construction, mining, and industrial sites for lifting heavy loads, machinery parts, and bulky materials across the sites. Additionally, high labor cost in Europe and unavailability of site workers create the need for highly-efficient construction workers, further driving crane market growth. 

The key players present in the global crane market are Liebherr Group, Komatsu Ltd., Sany Group, Tadano Ltd., XCMG Ltd., Manitowoc, Terex Corporation, Effer S.pA., and Kobelco Construction Machinery. The industry players are involved in new product launches and integrating innovative safety & high payload capabilities. Additionally, the companies are also increasing their regional presence through contracts & partnerships with new dealers to gain a competitive advantage and increase machinery sales.

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Partial Chapters From Table of Content:

Chapter 3. Crane Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

3.2.1. Rental landscape

3.2.1.1. Pros and cons – rent vs purchase cranes

3.2.1.2. Cost calculator – rent vs purchase cranes

3.3. Industry ecosystem analysis

3.3.1. Suppliers

3.3.2. Manufacturers

3.3.3. Service providers

3.3.4. Distribution channel analysis

3.3.5. End-use landscape

3.3.6. Vendor matrix

3.4. Technology & innovation landscape

3.5. Regulatory landscape

3.5.1.1. ISO 4310

3.5.1.2. ISO 8686

3.5.1.3. ISO 10245-1:2008

3.5.1.4. ISO 12480-1

3.5.1.5. ISO 23815-1

3.5.1.6. ISO 12482

3.5.1.7. ISO 23814

3.5.1.8. OSHA 29 CFR 1926.21

3.6. Industry impact forces

 

3.6.1. Growth drivers

3.6.1.1. Global increase in construction spending

3.6.1.2. Rising demand for telematics cranes in the U.S.

3.6.1.3. Rapid urbanization in the U.S.

3.6.1.4. Growing demand for cranes in the utility sector in Europe and Asia Pacific

3.6.1.5. Rapid infrastructure development in BRIC countries

3.6.1.6. Growing urbanization and safety concerns in India

3.6.1.7. Growth in transportation and logistics industry in MEA

 

3.6.2. Industry pitfalls & challenges

3.6.2.1. High initial costs

3.6.2.2. Lack of skilled and qualified crane operators

3.7. Growth potential analysis

3.8. Porter’s analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis, by application

3.9.1.1. Construction

3.9.1.2. Utility

3.9.1.3. Manufacturing

3.9.1.4. Transport/Shipping

3.9.1.5. Oil & gas

3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.10. PESTEL analysis

 

Chapter 4. Crane Market, By Product

4.1. Key trends by product

4.2. Mobile crane

4.2.1. Market estimates and forecast, by application, 2014 – 2025

4.2.1.1. Market estimates and forecast, by utility, 2014 – 2025

4.2.2. All terrain cranes

4.2.2.1. Market estimates and forecast, by application, 2014 – 2025

4.2.3. Crawler crane

4.2.3.1. Market estimates and forecast, by application, 2014 – 2025

4.2.4. Rough terrain crane

4.2.4.1. Market estimates and forecast, by application, 2014 – 2025

4.2.5. Truck loader crane

4.2.5.1. Market estimates and forecast, by application, 2014 – 2025

4.3. Fixed crane

4.3.1. Market estimates and forecast, by application, 2014 – 2025

4.3.1.1. Market estimates and forecast, by utility, 2014 – 2025

4.3.2. Monorail cranes

4.3.2.1. Market estimates and forecast, by application, 2014 – 2025

4.3.3. Stiffleg crane

4.3.3.1. Market estimates and forecast, by application, 2014 – 2025

4.3.4. Tower crane

4.3.4.1. Market estimates and forecast, by application, 2014 – 2025

4.3.5. Gantry crane

4.3.5.1. Market estimates and forecast, by application, 2014 – 2025 

 

Browse Related Report:

1. Tower Crane Market Size By Product (Flat Top, Hammerhead, Luffing Jib, Self-Erecting), By Design (Top Slewing Crane, Bottom Slewing Crane), By Lifting Capacity (Below 5 Metric Tons, 6 to 20 Metric Tons, 21 to 50 Metric Tons, 51 to 80 Metric Tons, Above 80 Metric Tons), By Application (Rental, Construction, Mining, Shipyards, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

https://www.gminsights.com/industry-analysis/tower-crane-market 

2. Crawler Crane Market Size By Capacity (Below 50 Metric Tons, 50 to 250 Metric Tons, 250 to 450 Metric Tons, 450 to 650 Metric Tons), By Application (Rental, Construction, Mining, Oil & Gas, Energy), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Russia, Italy, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/crawler-crane-market 


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