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Global Crane Market: By Product Type: Mobile Cranes, Marine and Port Cranes, Fixed Cranes; By Application: Construction and Infrastructure, Mining, Oil and Gas, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Manufacturing Process; Competitive Landscape; Industry Events and Developments
Global Crane Market Outlook
The global crane market reached a value of about USD 44 billion in 2020. The market is further expected to grow at a CAGR of 5% in the forecast period of 2021-2026 to reach a value of USD 59.4 billion.
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The global demand for cranes has been steadily rising, driven by their unique property of lifting and transporting extremely heavy materials beyond manual labour. Cranes have been designed with such technology that, in complex lifting and lowering tasks, which are aggravated in extremely dangerous environments, they can efficiently meet the different industrial needs. Cranes can work well even in severely dusty, smoky areas with extreme weather. In addition, cranes find wide applications. They find extensive applications in construction and are equally useful in mining, oil fields, goods and cargo transport, and warehouse and logistics operations, among others.
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Properties and Applications
A crane is a construction equipment used to transfer loads horizontally. It has a hoist cable, wire ropes, and sheaves, and can be used to lift or move large loads to other areas. The mechanical benefits created by various crane components can generate powerful strength. Crane designs have developed to meet the needs of a number of industries with modern cranes capable of integrating simple structures to perform complex lifting tasks.
Based on product type, the crane market is divided into mobile, marine and port, and fixed cranes.
On the basis of application, the crane market is segmented into:
- Construction and Infrastructure
- Mining
- Oil and Gas
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The construction industry has witnessed a strong growth in the recent decades, facilitated by the rising industrialisation and urbanisation. Both residential and non-residential buildings in emerging and developed markets have seen a strong growth. This has led to a steady growth in demand for different types of cranes, further accelerating the global crane market. Proliferation in several end-use industries, such as automotive, mining, and oil and gas, has resulted in a positive demand for crane across the world.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global crane market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargotec Corporation
- Konecranes Plc
- Manitowoc Company, Inc.
- XCMG Group
- Liebherr-International Deutschland GmbH
- Terex (NYSE: TEX)
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Crane Market Analysis
8.1 Key Industry Highlights
8.2 Global Crane Historical Market (2016-2020)
8.3 Global Crane Market Forecast (2021-2026)
8.4 Global Crane Market by Product Type
8.4.1 Mobile Cranes
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Marine and Port Cranes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Fixed Cranes
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Crane Market by Application
8.5.1 Construction and Infrastructure
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Mining
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Oil and Gas
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Crane Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players Market Share
14.3 Company Profiles
14.3.1 Cargotec Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Konecranes Plc
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Manitowoc Company, Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 XCMG Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Liebherr-International Deutschland GmbH
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Financial Summary
14.3.5.5 Certifications
14.3.6 Terex (NYSE: TEX)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Demographic Reach and Achievements
14.3.6.4 Financial Summary
14.3.6.5 Certifications
14.3.7 Others
15 Industry Events and Developments
List of Figures and Tables
1. Global Crane Market: Key Industry Highlights, 2016 and 2026
2. Global Crane Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3. Global Crane Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4. Global Crane Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Crane Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Crane Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Crane Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Crane Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Crane Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Crane Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Crane Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Crane Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Crane Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Crane Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Crane Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Crane Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Crane Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value Million USD (2020)
21. Major Exporting Countries by Value Million USD (2020)
22. Global Crane Market Structure
Key Questions Answered in the Report
In 2020, the global crane market attained a value of nearly USD 44 billion.
In the forecast period of 2021-2026, the market is expected to grow at a CAGR of 5%.
By 2026, the market is expected to attain a value of USD 59.4 billion.
The major drivers of the industry, such as the rising construction activities, increasing demand from the end-use industries, and growing urbanisation as well as industrialisation, are expected to aid the market growth.
The key market trends guiding the growth of the crane market include the innovative uses of the product in the industry and its expanding application sectors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types in the industry are mobile cranes, marine and port cranes, and fixed cranes.
The significant applications of crane are construction and infrastructure, mining, and oil and gas, among others.
The major players in the industry are Cargotec Corporation, Konecranes Plc, Manitowoc Company, Inc., XCMG Group, Liebherr-International Deutschland GmbH, and Terex, among others.
Analyst Review
The global crane market attained a value of USD 44 billion in 2020, driven by the rising construction activities. Aided by the increasing demand from the end-use industries, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%. The crane market is expected to attain a value of USD 59.4 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the crane market can be segmented into mobile, marine and port, and fixed cranes. On the basis of applications, the industry is divided into construction and infrastructure, mining, oil and gas, and others. The major regional markets for crane are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargotec Corporation, Konecranes Plc, Manitowoc Company, Inc., XCMG Group, Liebherr-International Deutschland GmbH, Terex, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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