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Cranes Market
Cranes Market Size, Share, Forecast, & Trends Analysis by Type (Tower Cranes, Mobile Cranes, Overhead Cranes), Class (Class A {Standby Service}, Class B {Light Service}, Class C), Lifting Mechanism, Control Method, and End-use Industry (Construction, Oil & Gas) - Global Forecast to 2031
Report ID:MRAUTO - 1041145 Pages: 250 Sep-2024 Formats*: PDF Category: Automotive and Transportation Delivery: 24 to 72 HoursCranes Market Size & Forecast
The Cranes Market is expected to reach $51.7 billion by 2031, at a CAGR of 4.6% from 2024 to 2031. The growth of the cranes market is driven by rapid urbanization and infrastructure development, growing global trade & the consequent increase in port and shipyard operations, and advancements in crane technology. However, the high initial investment requirements and operational costs of cranes restrain the growth of this market.
Furthermore, growth in smart city & infrastructure projects and the rising demand for renewable energy are expected to generate significant growth opportunities for the stakeholders in this market. However, the lack of skilled operators is a major challenge impacting the market’s growth.
Cranes Market Growth Drivers
Rapid Urbanization and Infrastructure Development
Urbanization and infrastructure development are major drivers for the crane market. With the expansion and development of urban areas, there has been a surge in construction projects, including high-rise buildings, bridges, roads, and other infrastructure. Cranes are essential for lifting and moving heavy materials, equipment, and prefabricated components in these projects. Urbanization and infrastructure development have driven innovation in crane technology, including automation, remote operation, real-time monitoring, and predictive maintenance, enhancing safety, efficiency, and productivity, and making cranes more versatile and cost-effective.
Also, with urbanization and infrastructure development, there is a growing need for skilled personnel capable of operating specialized equipment such as cranes to handle complex construction tasks efficiently and safely. Thus, urbanization and infrastructure development are increasing the demand for cranes as well as crane operators. Additionally, government initiatives for infrastructure development are also supporting the growth of the cranes market. For instance, in March 2023, the Government of India launched the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), including two initiatives, namely the Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT) and Urban Infrastructure and Governance (UIG). The UIDSSMT initiative aims to accelerate infrastructure development with Central Assistance (CA) in small and medium-sized towns (UTs), whereas UIG focuses on infrastructure development with central assistance in large cities across Indian States/Union Territories.
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Advancements in Crane Technology
Advancements in crane technology have significantly transformed the capabilities, safety, and efficiency of these heavy lifting machines. Cranes are increasingly being equipped with automation features and remote operation capabilities, allowing operators to control them from a safe distance. This improves safety by reducing the risk of accidents and enhances efficiency by enabling precise control of lifting operations.
Also, the integration of telematics and Internet of Things (IoT) technologies has enabled real-time monitoring of crane performance and other technical parameters. This data-driven approach helps optimize maintenance, detect potential issues before they lead to breakdowns, and improve overall operational efficiency. Some of the major advancements in crane technology are as follows:
- Advanced sensors and cameras
- Electric and hybrid power crane systems
- Enhanced safety features, including collision avoidance systems, anti-sway technology, and load moment indicators
- Modular design and customization
- Improved materials and construction techniques
- Integration with Building Information Modeling (BIM)
Cranes Market Opportunities
Growth in Smart City & Infrastructure Projects
Smart cities require modern infrastructure with advanced technologies such as IoT sensors, smart grids, and communication networks. The construction of these infrastructure components often involves heavy lifting tasks that require advanced machinery for materials handling, equipment installation, and structural assembly. Also, the integration of digital technologies such as Building Information Modeling (BIM) and real-time project management systems improves coordination and communication among stakeholders in smart city construction projects. These projects require various types of cranes, including tower cranes for high-rise construction and mobile cranes for site logistics, contributing to the growth of the cranes market. Cranes equipped with advanced technologies such as automation, telematics, and remote operation enable faster, safer, and more precise construction processes, aligning with the goals of smart city development.
Moreover, smart city initiatives often involve large-scale urban development projects such as the construction of skyscrapers and transportation hubs. These projects require a diverse range of cranes, including tower cranes for high-rise construction and mobile cranes for site logistics, contributing to the growth of the cranes market. Thus, smart city & infrastructure projects are generating growth opportunities for market stakeholders.
Rising Demand for Renewable Energy
The rising demand for renewable energy has accelerated advances in renewable energy technologies and boosted the construction of renewable energy infrastructure, such as wind farms, solar parks, hydropower dams, and geothermal plants, which require heavy lifting equipment like cranes for the installation of turbines, solar panels, dam components, and other structures. The scale and complexity of these projects necessitate significant investments in crane services, driving the crane market.
Moreover, renewable energy projects are typically large-scale endeavors that involve extensive construction and installation activities, requiring cranes throughout the project lifecycle, from initial site preparation to ongoing maintenance and repair. Moreover, technological advancements in renewable energy systems, such as the development of larger and more efficient wind turbines and advanced solar panel designs, often require innovations in crane technology to support their installation and maintenance. Thus, the rising demand for renewable energy is generating opportunities for the players operating in the cranes market.
Cranes Market Challenges
Lack of Skilled Operators
The shortage or unavailability of skilled operators is a significant challenge in the cranes market. Cranes are complex machinery requiring precise operation to ensure safety and efficiency. Inexperienced operators may not fully understand the operational nuances of different crane types, leading to safety risks for both personnel and materials. Also, it can lead to longer project durations and increased costs due to delays and accidents.
Cranes Market Analysis: Key Findings
By Type: The Tower Cranes Segment to Dominate the Cranes Market in 2024
Based on type, the cranes market is segmented into tower cranes, mobile cranes, overhead cranes, telescopic cranes, crawler cranes, railroad cranes, floating cranes, aerial cranes, jib cranes, gantry cranes, and other crane types. In 2024, the tower cranes segment is expected to account for the largest share of ~22.0% of the cranes market. This segment’s significant market share can be attributed to the various benefits of tower cranes. They are incredibly versatile and can handle heavy lifting tasks at construction sites, such as lifting steel, concrete, and other materials to great heights. Their efficiency in various construction projects, including high-rise buildings and infrastructure projects, makes them indispensable in the construction industry. Also, advancements in technology have led to the development of tower cranes with features such as increased lifting capacities, improved safety systems, and better energy efficiency. These technological innovations drive the adoption of tower cranes among construction companies looking to optimize their operations.
Furthermore, various key players are launching advanced tower cranes. For instance, in January 2023, The Manitowoc Company, Inc. (U.S.) announced the launch of the Potain MCT 1005 M50, the largest topless tower crane manufactured at its Zhangjiagang facility in China. Also, in October 2022, KenzFigee (Netherlands) launched its first up-tower crane solution for offshore wind.
However, the mobile cranes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the benefits of mobile cranes. These cranes are highly versatile and can be easily transported between sites. Their mobility allows them to access a wide range of locations, making them suitable for various applications such as construction, infrastructure development, industrial projects, and disaster response. Also, mobile cranes offer high efficiency in lifting and moving heavy loads. They are equipped with telescopic booms or hydraulic arms that provide significant reach and lifting capacity, enabling them to handle a wide range of tasks with precision and speed.
By Class: The Class D Segment to Dominate the Cranes Market in 2024
Based on class, the cranes market is segmented into class A, class B, class C, class D, class E, and class F. In 2024, the class D segment is expected to account for the largest share of the cranes market. This segment’s significant market share can be attributed to the benefits of class D (heavy service) cranes. These cranes are designed to lift and move substantial loads in a variety of industries, including construction, manufacturing, mining, and oil & gas. Their versatility allows them to be used in diverse applications, making them indispensable in various end-use industries.
Additionally, the class D segment is projected to register the highest CAGR during the forecast period.
By Lifting Mechanism: The Hydraulic Cranes Segment to Dominate the Cranes Market in 2024
Based on lifting mechanism, the cranes market is segmented into hydraulic cranes, electric cranes, diesel cranes, and other lifting mechanisms. In 2024, the hydraulic cranes segment is expected to account for the largest share of ~44.0% of the cranes market. This segment’s significant market share can be attributed to the benefits of hydraulic cranes. These cranes are efficient and offer versatility in terms of lifting capacity and maneuverability. Hydraulic cranes are relatively easier to operate compared to some other types of cranes. They often feature intuitive controls and ergonomic designs, reducing the time required for training operators. This ease of operation increases the accessibility of hydraulic cranes for a broader range of users, further driving their demand in the market.
However, the electric cranes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the benefits of electric cranes. These cranes produce zero emissions during operation, making construction and other industries more sustainable. Electric cranes typically feature advanced safety systems and precise control mechanisms, enhancing overall safety for operators and bystanders. With fewer moving parts and simplified maintenance requirements compared to diesel-powered cranes, electric cranes offer increased reliability and uptime, contributing to higher productivity on job sites.
By Control Method: The Manual Cranes Segment to Dominate the Cranes Market in 2024
Based on control method, the cranes market is segmented into manual cranes, remote-controlled cranes, and automated cranes. In 2024, the manual cranes segment is expected to account for the largest share of ~33.0% of the cranes market. This segment’s significant market share can be attributed to the better affordability and lower maintenance costs of manual cranes compared to automated cranes. Manual cranes have fewer components and less sophisticated technologies, resulting in lower initial investment requirements. Manual cranes can be easily maneuvered and adapted to different tasks and environments. Their flexibility allows them to handle a wide range of loads, making them suitable for various industries such as construction, manufacturing, and shipping.
However, the automated cranes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the benefits of automated cranes. These cranes can perform repetitive tasks with high precision and consistency, leading to improved efficiency in material handling operations. They can operate continuously without fatigue, resulting in higher productivity and throughput. Automated cranes reduce the need for manual labor in material handling tasks. By automating repetitive and physically demanding tasks, they allow human workers to focus on more complex or value-added activities, ultimately reducing labor costs. Furthermore, automated cranes are increasingly being implemented at ports around the world. For instance, in November 2023, the Port of Colombo (POC) implemented ABB’s (Switzerland) automated stacking cranes to enhance the operational efficiency of its new larger terminals.
By End-use Industry: The Construction Segment to Dominate the Cranes Market in 2024
Based on end-use industry, the cranes market is segmented into construction, ports & shipping, oil & gas, aerospace & defense, and other end-use industries. In 2024, the construction segment is expected to account for the largest share of ~35.0% of the cranes market. This segment’s significant market share can be attributed to the wide use of cranes at construction sites. Cranes significantly enhance productivity at construction sites by streamlining material handling processes. They can lift and transport materials to various locations within the site quickly, reducing manual labor requirements and accelerating construction timelines.
Furthermore, the key players in the cranes market are focused on developing advanced cranes for construction applications. For instance, in October 2023, Potain (France) launched a brand-new self-erecting crane, the Potain Evy 30-23 4 t. It is the first model from the new Evy range of self-erecting tower cranes and is designed for home construction and residential building construction up to three stories in height. Also, in February 2023, Action Construction Equipment (India) introduced several products at the Bauma Conexpo 2023, including India’s first fully electric mobile crane, the country’s most substantial indigenous crane capable of lifting 180 tons, and India’s inaugural self-propelled aerial work platforms.
Additionally, the construction segment is projected to register the highest CAGR during the forecast period.
Geographical Analysis
In 2024, Asia-Pacific is expected to account for the largest share of ~46.0% of the cranes market. Asia-Pacific’s large share can be attributed to the region’s accelerated infrastructure development and major investments in the transportation, energy, and construction sectors. These factors have boosted the demand for larger, more specialized cranes in the region. Cranes are widely utilized in the region’s manufacturing facilities for material handling, assembly, and logistics.
The adoption of advanced crane technologies such as automation, remote monitoring, and IoT-enabled systems is increasing in the Asia-Pacific region. These technologies enhance the operational efficiency, safety, and productivity of cranes. Also, the Asia-Pacific region is witnessing significant growth in renewable energy projects, including wind farms and solar parks. Cranes are used in the installation and maintenance of renewable energy infrastructure.
Additionally, the Asia-Pacific region is projected to register the highest CAGR of ~6.0% during the forecast period.
Cranes Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the product portfolios and geographic presence of leading market players and the key growth strategies adopted by them over the past 3–4 years. Some of the key players operating in the cranes market are Liebherr Group (Switzerland), Terex Corporation (U.S.), Tadano Ltd. (Japan), Caterpillar Inc. (U.S.), Gorbel Inc. (U.S.), Konecranes Plc (Finland), The Manitowoc Company, Inc. (U.S.), XCMG Group (China), Zoomlion Heavy Industry Science and Technology Co., Ltd. (China), SANY Heavy Industry Co., Ltd. (China), Pelloby Ltd. (U.K.), Demag Cranes & Components GmbH (Germany), Street Crane Company Limited (U.K.), Hitachi Construction Machinery Europe NV (Netherlands), and Komatsu Ltd. (Japan).
Cranes Industry Overview: Latest Developments from Key Industry Players
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In February 2024, the U.S. government announced plans to invest billions in the domestic manufacturing of cargo cranes, seeking to counter fears that the prevalent use of China-built cranes with advanced software at many U.S. ports poses a potential national security risk.
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In July 2023, Tata Steel (India) manufactured the crane used for the successful launch of the LVM3-M4 rocket, dubbed ‘Fat Boy’, in the Chandrayaan-3 mission.
- In November 2022, Mammoet (Netherlands) partnered with Bay Crane Services (U.S.) to expand its presence throughout the Northeastern United States. The partnership focuses on servicing renewable Offshore Wind requirements in the U.S.
Cranes Market Research Summary:
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR |
4.6% |
|
Market Size |
USD 51.7 Billion by 2031 |
|
Segments Covered |
By Type
By Class
By Lifting Mechanism
By Control Method
By End-use Industry
|
|
Countries Covered |
Europe (Germany, U.K., France, Italy, Spain, Netherlands, Switzerland, Sweden, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia-Pacific), North America (U.S., Canada), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa) |
|
Key Companies Profiled |
Liebherr Group (Switzerland), Terex Corporation (U.S.), Tadano Ltd. (Japan), Caterpillar Inc. (U.S.), Gorbel Inc. (U.S.), Konecranes Plc (Finland), The Manitowoc Company, Inc. (U.S.), XCMG Group (China), Zoomlion Heavy Industry Science and Technology Co., Ltd. (China), SANY Heavy Industry Co., Ltd. (China), Pelloby Ltd. (U.K.), Demag Cranes & Components GmbH (Germany), Street Crane Company Limited (U.K.), Hitachi Construction Machinery Europe NV (Netherlands), and Komatsu Ltd. (Japan) |
Key questions answered in the cranes market report:
The Cranes Market refers to the industry that manufactures, sells, and services cranes, which are heavy lifting equipment used in construction, shipping, and various industrial applications.
The Cranes Market is projected to reach $51.7 billion by 2031.
The market is expected to grow at a CAGR of 4.6% from 2024 to 2031.
As of 2024, the market size is projected to be significant, contributing to a total of $51.7 billion by the end of the forecast period.
Key players in the Cranes Market include:
- Liebherr Group (Switzerland)
- Terex Corporation (U.S.)
- Tadano Ltd. (Japan)
- Caterpillar Inc. (U.S.)
- The Manitowoc Company, Inc. (U.S.)
The market is witnessing trends toward automation, remote control capabilities, and the adoption of advanced technologies such as IoT for enhanced operational efficiency and safety.
Major drivers include:
- Rapid urbanization and infrastructure development.
- Growing global trade and increased port operations.
- Advancements in crane technology.
- Type: Tower cranes, mobile cranes, overhead cranes, etc.
- Class: Class A, B, C, D, etc.
- Lifting Mechanism: Hydraulic cranes, electric cranes, etc.
- Control Method: Manual cranes, remote-controlled cranes, etc.
The global outlook is positive, driven by increasing construction activities, investments in infrastructure, and the shift toward renewable energy projects. Asia-Pacific is expected to dominate the market.
The Cranes Market is projected to experience substantial growth, driven by urbanization, technological advancements, and demand for heavy lifting in various sectors.
The Cranes Market is projected to grow at a CAGR of 4.6% from 2024 to 2031.
The Asia-Pacific region is expected to hold the largest market share, accounting for approximately 46.0% of the cranes market in 2024.
1. Introduction
1.1 Market Definition & Scope
1.2 Currency & Limitations
1.2.1 Currency
1.2.2 Limitations
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation Process
2.2.1 Secondary Research
2.2.2 Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3 Market Sizing & Forecasting
2.3.1 Market Size Estimation Approach
2.3.2 Growth Forecast Approach
2.4 Assumptions for the Study
3. Executive Summary
3.1 Overview
3.2 Market Analysis, by Type
3.3 Market Analysis, by Class
3.4 Market Analysis, by Lifting Mechanism
3.5 Market Analysis, by Control Method
3.6 Market Analysis, by End-use Industry
3.7 Market Analysis, by Geography
3.8 Competitive Analysis
4. Market Insights
4.1 Overview
4.2 Factors Affecting Market Growth
4.2.1 Drivers
4.2.1.1 Rapid Urbanization and Infrastructure Development
4.2.1.2 Growing Global Trade & the Consequent Increase in Port and Shipyard Operations
4.2.1.3 Advancements in Crane Technology
4.2.2 Restraints
4.2.2.1 High Investment Requirements and Operating Costs of Cranes
4.2.3 Opportunities
4.2.3.1 Growth in Smart City & Infrastructure Projects
4.2.3.2 Rising Demand for Renewable Energy
4.2.4 Challenges
4.2.4.1 Shortage of Skilled Operators
4.3 Case Studies
4.4 Value Chain Analysis
4.5 Porter’s Five Forces Analysis
5. Global Cranes Market, by Type
5.1 Overview
5.2 Tower Cranes
5.3 Mobile Cranes
5.4 Overhead Cranes
5.5 Telescopic Cranes
5.6 Crawler Cranes
5.7 Railroad Cranes
5.8 Floating Cranes
5.9 Aerial Cranes
5.10 Jib Cranes
5.11 Gantry Cranes
5.12 Other Crane Types
6. Global Cranes Market, by Class
6.1 Overview
6.2 Class A (Standby or Infrequent Service)
6.3 Class B (Light Service)
6.4 Class C (Moderate Service)
6.5 Class D (Heavy Service)
6.6 Class E (Severe Service)
6.7 Class F (Continuous Severe Service)
7. Global Cranes Market, by Lifting Mechanism
7.1 Overview
7.2 Hydraulic Cranes
7.3 Electric Cranes
7.4 Diesel Cranes
7.5 Other Lifting Mechanisms
8. Global Cranes Market, by Control Method
8.1 Overview
8.2 Manual Cranes
8.3 Remote-controlled Cranes
8.4 Automated Cranes
9. Global Cranes Market, by End-use Industry
9.1 Overview
9.2 Construction
9.3 Ports & Shipping
9.4 Oil & Gas
9.5 Aerospace & Defense
9.6 Other End-use Industries
10. Cranes Market, by Geography
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.2 Europe
10.2.1 Germany
10.2.2 U.K.
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Netherlands
10.2.7 Switzerland
10.2.8 Sweden
10.2.9 Denmark
10.2.10 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia & New Zealand
10.3.6 Indonesia
10.3.7 Thailand
10.3.8 Vietnam
10.3.9 Malaysia
10.3.10 Singapore
10.3.11 Rest of Asia-Pacific
10.4 Latin America
10.4.1 Mexico
10.4.2 Brazil
10.4.3 Rest of Latin America
10.5 Middle East & Africa
10.5.1 UAE
10.5.2 Israel
10.5.3 Rest of the Middle East & Africa
11. Global Cranes Market - Competitive Landscape
11.1 Overview
11.2 Key Growth Strategies
11.2.1 Market Differentiators
11.2.2 Synergy Analysis: Major Deals & Strategic Alliances
11.3 Competitive Dashboard
11.3.1 Industry Leaders
11.3.2 Market Differentiators
11.3.3 Vanguards
11.3.4 Contemporary Stalwarts
11.4 Vendor Market Positioning
11.5 Market Share Analysis
12. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)
12.1 Liebherr Group
12.2 Terex Corporation
12.3 Tadano Ltd.
12.4 Caterpillar Inc.
12.5 Gorbel Inc.
12.6 Konecranes Plc
12.7 The Manitowoc Company, Inc.
12.8 XCMG Group
12.9 Zoomlion Heavy Industry Science and Technology Co., Ltd.
12.10 SANY Heavy Industry Co., Ltd.
12.11 Pelloby Ltd.
12.12 Demag Cranes & Components GmbH
12.13 Street Crane Company Limited
12.14 Hitachi Construction Machinery Europe NV
12.15 Komatsu Ltd.
(Note: SWOT analyses of the top 5 companies will be provided.)
13. Appendix
13.1 Available Customization
13.2 Related Reports
List of Tables
Table 1 Currency Conversion Rates (2018–2022)
Table 2 Global Cranes Market, by Type, 2022–2031 (USD Million)
Table 3 Global Tower Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Mobile Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Overhead Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Telescopic Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Crawler Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Railroad Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Floating Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Aerial Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Jib Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Gantry Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Other Crane Types Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Cranes Market, by Class, 2022–2031 (USD Million)
Table 15 Global Class A Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Class B Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Class C Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Class D Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Class E Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Class F Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 22 Global Hydraulic Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Electric Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Diesel Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 25 Global Other Lifting Mechanism Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 26 Global Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 27 Global Manual Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 28 Global Remote-controlled Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 29 Global Automated Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 30 Global Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 31 Global Cranes Market for Construction, by Country/Region, 2022–2031 (USD Million)
Table 32 Global Cranes Market for Ports & Shipping, by Country/Region, 2022–2031 (USD Million)
Table 33 Global Cranes Market for Oil & Gas, by Country/Region, 2022–2031 (USD Million)
Table 34 Global Cranes Market for Aerospace & Defense, by Country/Region, 2022–2031 (USD Million)
Table 35 Global Cranes Market for Other End-use Industries, by Country/Region, 2022–2031 (USD Million)
Table 36 Global Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 37 Asia-Pacific: Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 38 Asia-Pacific: Cranes Market, by Type, 2022–2031 (USD Million)
Table 39 Asia-Pacific: Cranes Market, by Class, 2022–2031 (USD Million)
Table 40 Asia-Pacific: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 41 Asia-Pacific: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 42 Asia-Pacific: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 43 China: Cranes Market, by Type, 2022–2031 (USD Million)
Table 44 China: Cranes Market, by Class, 2022–2031 (USD Million)
Table 45 China: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 46 China: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 47 China: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 48 Japan: Cranes Market, by Type, 2022–2031 (USD Million)
Table 49 Japan: Cranes Market, by Class, 2022–2031 (USD Million)
Table 50 Japan: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 51 Japan: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 52 Japan: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 53 India: Cranes Market, by Type, 2022–2031 (USD Million)
Table 54 India: Cranes Market, by Class, 2022–2031 (USD Million)
Table 55 India: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 56 India: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 57 India: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 58 South Korea: Cranes Market, by Type, 2022–2031 (USD Million)
Table 59 South Korea: Cranes Market, by Class, 2022–2031 (USD Million)
Table 60 South Korea: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 61 South Korea: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 62 South Korea: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 63 Australia & New Zealand: Cranes Market, by Type, 2022–2031 (USD Million)
Table 64 Australia & New Zealand: Cranes Market, by Class, 2022–2031 (USD Million)
Table 65 Australia & New Zealand: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 66 Australia & New Zealand: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 67 Australia & New Zealand: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 68 Indonesia: Cranes Market, by Type, 2022–2031 (USD Million)
Table 69 Indonesia: Cranes Market, by Class, 2022–2031 (USD Million)
Table 70 Indonesia: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 71 Indonesia: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 72 Indonesia: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 73 Thailand: Cranes Market, by Type, 2022–2031 (USD Million)
Table 74 Thailand: Cranes Market, by Class, 2022–2031 (USD Million)
Table 75 Thailand: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 76 Thailand: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 77 Thailand: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 78 Vietnam: Cranes Market, by Type, 2022–2031 (USD Million)
Table 79 Vietnam: Cranes Market, by Class, 2022–2031 (USD Million)
Table 80 Vietnam: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 81 Vietnam: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 82 Vietnam: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 83 Malaysia: Cranes Market, by Type, 2022–2031 (USD Million)
Table 84 Malaysia: Cranes Market, by Class, 2022–2031 (USD Million)
Table 85 Malaysia: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 86 Malaysia: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 87 Malaysia: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 88 Singapore: Cranes Market, by Type, 2022–2031 (USD Million)
Table 89 Singapore: Cranes Market, by Class, 2022–2031 (USD Million)
Table 90 Singapore: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 91 Singapore: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 92 Singapore: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 93 Rest of Asia-Pacific: Cranes Market, by Type, 2022–2031 (USD Million)
Table 94 Rest of Asia-Pacific: Cranes Market, by Class, 2022–2031 (USD Million)
Table 95 Rest of Asia-Pacific: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 96 Rest of Asia-Pacific: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 97 Rest of Asia-Pacific: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 98 North America: Cranes Market, by Country, 2022–2031 (USD Million)
Table 99 North America: Cranes Market, by Type, 2022–2031 (USD Million)
Table 100 North America: Cranes Market, by Class, 2022–2031 (USD Million)
Table 101 North America: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 102 North America: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 103 North America: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 104 U.S.: Cranes Market, by Type, 2022–2031 (USD Million)
Table 105 U.S.: Cranes Market, by Class, 2022–2031 (USD Million)
Table 106 U.S.: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 107 U.S.: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 108 U.S.: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 109 Canada: Cranes Market, by Type, 2022–2031 (USD Million)
Table 110 Canada: Cranes Market, by Class, 2022–2031 (USD Million)
Table 111 Canada: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 112 Canada: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 113 Canada: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 114 Europe: Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 115 Europe: Cranes Market, by Type, 2022–2031 (USD Million)
Table 116 Europe: Cranes Market, by Class, 2022–2031 (USD Million)
Table 117 Europe: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 118 Europe: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 119 Europe: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 120 Germany: Cranes Market, by Type, 2022–2031 (USD Million)
Table 121 Germany: Cranes Market, by Class, 2022–2031 (USD Million)
Table 122 Germany: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 123 Germany: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 124 Germany: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 125 U.K.: Cranes Market, by Type, 2022–2031 (USD Million)
Table 126 U.K.: Cranes Market, by Class, 2022–2031 (USD Million)
Table 127 U.K.: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 128 U.K.: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 129 U.K.: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 130 France: Cranes Market, by Type, 2022–2031 (USD Million)
Table 131 France: Cranes Market, by Class, 2022–2031 (USD Million)
Table 132 France: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 133 France: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 134 France: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 135 Italy: Cranes Market, by Type, 2022–2031 (USD Million)
Table 136 Italy: Cranes Market, by Class, 2022–2031 (USD Million)
Table 137 Italy: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 138 Italy: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 139 Italy: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 140 Spain: Cranes Market, by Type, 2022–2031 (USD Million)
Table 141 Spain: Cranes Market, by Class, 2022–2031 (USD Million)
Table 142 Spain: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 143 Spain: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 144 Spain: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 145 Netherlands: Cranes Market, by Type, 2022–2031 (USD Million)
Table 146 Netherlands: Cranes Market, by Class, 2022–2031 (USD Million)
Table 147 Netherlands: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 148 Netherlands: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 149 Netherlands: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 150 Switzerland: Cranes Market, by Type, 2022–2031 (USD Million)
Table 151 Switzerland: Cranes Market, by Class, 2022–2031 (USD Million)
Table 152 Switzerland: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 153 Switzerland: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 154 Switzerland: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 155 Sweden: Cranes Market, by Type, 2022–2031 (USD Million)
Table 156 Sweden: Cranes Market, by Class, 2022–2031 (USD Million)
Table 157 Sweden: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 158 Sweden: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 159 Sweden: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 160 Denmark: Cranes Market, by Type, 2022–2031 (USD Million)
Table 161 Denmark: Cranes Market, by Class, 2022–2031 (USD Million)
Table 162 Denmark: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 163 Denmark: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 164 Denmark: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 165 Rest of Europe: Cranes Market, by Type, 2022–2031 (USD Million)
Table 166 Rest of Europe: Cranes Market, by Class, 2022–2031 (USD Million)
Table 167 Rest of Europe: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 168 Rest of Europe: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 169 Rest of Europe: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 170 Latin America: Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 171 Latin America: Cranes Market, by Type, 2022–2031 (USD Million)
Table 172 Latin America: Cranes Market, by Class, 2022–2031 (USD Million)
Table 173 Latin America: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 174 Latin America: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 175 Latin America: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 176 Mexico: Cranes Market, by Type, 2022–2031 (USD Million)
Table 177 Mexico: Cranes Market, by Class, 2022–2031 (USD Million)
Table 178 Mexico: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 179 Mexico: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 180 Mexico: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 181 Brazil: Cranes Market, by Type, 2022–2031 (USD Million)
Table 182 Brazil: Cranes Market, by Class, 2022–2031 (USD Million)
Table 183 Brazil: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 184 Brazil: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 185 Brazil: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 186 Rest of Latin America: Cranes Market, by Type, 2022–2031 (USD Million)
Table 187 Rest of Latin America: Cranes Market, by Class, 2022–2031 (USD Million)
Table 188 Rest of Latin America: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 189 Rest of Latin America: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 190 Rest of Latin America: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 191 Middle East & Africa: Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 192 Middle East & Africa: Cranes Market, by Type, 2022–2031 (USD Million)
Table 193 Middle East & Africa: Cranes Market, by Class, 2022–2031 (USD Million)
Table 194 Middle East & Africa: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 195 Middle East & Africa: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 196 Middle East & Africa: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 197 UAE: Cranes Market, by Type, 2022–2031 (USD Million)
Table 198 UAE: Cranes Market, by Class, 2022–2031 (USD Million)
Table 199 UAE: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 200 UAE: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 201 UAE: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 202 Israel: Cranes Market, by Type, 2022–2031 (USD Million)
Table 203 Israel: Cranes Market, by Class, 2022–2031 (USD Million)
Table 204 Israel: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 205 Israel: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 206 Israel: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
Table 207 Rest of the Middle East & Africa: Cranes Market, by Type, 2022–2031 (USD Million)
Table 208 Rest of the Middle East & Africa: Cranes Market, by Class, 2022–2031 (USD Million)
Table 209 Rest of the Middle East & Africa: Cranes Market, by Lifting Mechanism, 2022–2031 (USD Million)
Table 210 Rest of the Middle East & Africa: Cranes Market, by Control Method, 2022–2031 (USD Million)
Table 211 Rest of the Middle East & Africa: Cranes Market, by End-use Industry, 2022–2031 (USD Million)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 The Tower Cranes Segment to Account for the Largest Market Share in 2024
Figure 11 The Class D Segment to Account for the Largest Market Share in 2024
Figure 12 The Hydraulic Cranes Segment to Account for the Largest Market Share in 2024
Figure 13 The Manual Cranes Segment to Account for the Largest Market Share in 2024
Figure 14 The Construction Segment to Account for the Largest Market Share in 2024
Figure 15 Global Cranes Market, by Region (2024 Vs. 2031)
Figure 16 Impact Analysis of Market Dynamics
Figure 17 Cranes Market Supply Chain
Figure 18 Porter's Five Forces Analysis
Figure 19 Global Cranes Market, by Type, 2024 Vs. 2031 (USD Million)
Figure 20 Global Cranes Market, by Class, 2024 Vs. 2031 (USD Million)
Figure 21 Global Cranes Market, by Lifting Mechanism, 2024 Vs. 2031 (USD Million)
Figure 22 Global Cranes Market, by Control Method, 2024 Vs. 2031 (USD Million)
Figure 23 Global Cranes Market, by End-use Industry, 2024 Vs. 2031 (USD Million)
Figure 24 Global Cranes Market, by Country/Region, 2024 Vs. 2031 (USD Million)
Figure 25 Asia-Pacific: Cranes Market Snapshot
Figure 26 North America: Cranes Market Snapshot
Figure 27 Europe: Cranes Market Snapshot
Figure 28 Latin America: Cranes Market Snapshot
Figure 29 Middle East & Africa: Cranes Market Snapshot
Figure 30 Leading Market Players’ Strategic Developments (2020–2023)
Figure 31 Vendor Market Positioning Analysis (2021–2023)
Figure 32 Competitive Dashboard: Global Cranes Market
Figure 33 Market Share Analysis of Leading Players (2022)
Figure 34 Terex Corporation: Financial Overview (2022)
Figure 35 Tadano Ltd.: Financial Overview (2022)
Figure 36 Caterpillar Inc.: Financial Overview (2022)
Figure 37 Konecranes Plc: Financial Overview (2022)
Figure 38 The Manitowoc Company, Inc.: Financial Overview (2022)
Figure 39 XCMG Group: Financial Overview (2022)
Figure 40 Zoomlion Heavy Industry Science and Technology Co., Ltd.: Financial Overview (2022)
Figure 41 SANY Heavy Industry Co., Ltd.: Financial Overview (2022)
Figure 42 Komatsu Ltd.: Financial Overview (2022)
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