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Global Crane Market: By Mobility: Static, Mobile; By Type: Overhead Travelling Crane, Transporter Crane, Gantry Crane, and Bridge Crane, Tower Crane and Portal or Pedestal Jib Crane; By Business Type; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Crane Market Outlook
The global crane market stood at a value of around USD 28.89 billion in 2020. The market is further expected to grow at a CAGR of 5.30% in the forecast period of 2023-2028 to attain USD 39.31 billion by 2026.
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Transporter, Gantry, and Bridge Crane Segment to Augment the Growth of the Global Crane Industry
The transporter, gantry, and bridge type segment is expected to hold a significant share in the global crane industry during the forecast period. These cranes are increasingly used in the movement of goods and materials that are beyond manual capability. These cranes come in adaptable designs that can be assembled on demand and function efficiently in dusty and smoky areas and extreme weather conditions. Some of their uses include in the mining industry, transportation of freight, and handling heavy equipment in the aerospace and defence industry, among others.
The Asia Pacific Region to Account for a Significant Market Share of the Global Crane Industry
The Asia Pacific region is predicted to hold a substantial share of the global crane industry. This surge can be attributed to the increased investment in construction activities such as the development of smart cities and infrastructural activities in the region. In addition, increased usage of the product can also be observed in the different industry verticals such as power, oil and gas, civil engineering, and transportation of cargo, among others.
Crane: Market Segmentation
Crane is a machine mainly used for lifting, lowering, and moving heavy objects. Cranes are equipped with cables, ties, and pulleys that help in the lifting process. Cranes are portable; some may be fixed on the ground for some time while others are like a moving vehicle, with a cubicle for the controller. They are majorly utilised in the construction and manufacturing industry and the transportation industry for lifting heavy cargo containers and freights. Cranes come in different sizes and shapes, built for specific purposes.
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By mobility, the market is divided into:
- Static
- Mobile
Based on type, the industry can be categorised into:
- Overhead Travelling Crane
- Transporter Crane, Gantry Crane, and Bridge Crane
- Tower Crane and Portal or Pedestal Jib Crane
On the basis of business type, the market can be segregated into:
- Original Equipment Manufacturer
- Aftermarket
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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Rapid Urbanisation and the Increased Housing Demand to Bolster the Global Crane Industry
The growing urbanisation rates can be observed in all parts of the world, especially in developing countries such as India, which also has an increasing population. Due to this, governments are increasingly investing in the construction of residential and non-residential building structures to provide housing and other infrastructural facilities to the people. These factors are significantly driving the demand for cranes globally. Other major factors affecting the industry growth include the rapid technological advancements and the rising number of mining activities globally, from natural gases, fuel to mineral ores, which require heavy machinery such as drills that need to be lifted and moved frequently. All these factors are estimated to have a positive impact on the growth of the global crane industry. However, a potential constraint that may hamper the industry growth includes the high cost and maintenance requirements associated with cranes.
Key Industry Players in the Global Crane Market
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:
- KUBOTA Corporation
- Kirloskar Brothers Ltd.
- KoneCrane Plc
- Liebherr-International AG
- Sulzer Ltd.
- Honda Kiko Co. Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Mobility, Type, Business Type, Region |
| Breakup by Mobility | Static, Mobile |
| Breakup by Type | Overhead Travelling Crane, Transporter Crane, Gantry Crane, and Bridge Crane, Tower Crane and Portal or Pedestal Jib Crane, |
| Breakup by Business Type | Original Equipment Manufacturer, Aftermarket |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | KUBOTA Corporation, Kirloskar Brothers Limited, KoneCrane Plc, Liebherr-International AG, Sulzer Ltd, Honda Kiko Co Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Crane Market Forecast (2023-2028)
8.4 Global Crane Market by Mobility
8.4.1 Static
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Mobile
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Crane Market by Type
8.5.1 Overhead Travelling Crane
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Transporter Crane, Gantry Crane, and Bridge Crane
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Tower Crane and Portal or Pedestal Jib Crane
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Crane Market by Business Type
8.6.1 Original Equipment Manufacturer
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Aftermarket
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Crane Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.5.2 Forecast Trend (2023-2028)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 KUBOTA Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Kirloskar Brothers Limited
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 KoneCrane Plc
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Liebherr-International AG
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Sulzer Ltd
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Honda Kiko Co Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Crane Market: Key Industry Highlights, 2018 and 2028
2. Global Crane Historical Market: Breakup by Mobility (USD Billion), 2018-2022
3. Global Crane Market Forecast: Breakup by Mobility (USD Billion), 2023-2028
4. Global Crane Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Crane Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Crane Historical Market: Breakup by Business Type (USD Billion), 2018-2022
7. Global Crane Market Forecast: Breakup by Business Type (USD Billion), 2023-2028
8. Global Crane Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Crane Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Crane Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Crane Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Crane Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Crane Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Crane Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Crane Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Crane Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Crane Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Crane Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Crane Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Crane Market Structure
Key Questions Answered in the Report
In 2020, the crane market attained a value of nearly USD 28.89 billion.
The market is projected to grow at a CAGR of 5.30% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 39.31 billion by 2026.
The major drivers of the industry, such as the heightened demand in the construction and infrastructure industry, increased usage in the cargo and rapid urbanisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing industrialisation and the expanding usage of crane in various industry verticals.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant segments based on product mobility are static and mobile.
The significant types of the product are overhead travelling crane, transporter crane, gantry crane and bridge crane, and tower crane and portal or pedestal jib crane.
The significant business types include original equipment manufacturer and aftermarket.
The major players in the industry are KUBOTA Corporation, Kirloskar Brothers Ltd., KoneCrane Plc, Liebherr-International AG, Sulzer Ltd., Honda Kiko Co. Ltd., and others.
Analyst Review
The crane market attained a value of nearly USD 28.89 billion in 2020, driven by the heightened urbanisation and industrialisation. Aided by the growing technological innovations, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.30%. The market is projected to reach USD 39.31 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By mobility, the market is bifurcated into static and mobile. On the basis of type, the industry can be segmented into overhead travelling crane, transporter crane, gantry crane and bridge crane, and tower crane and portal or pedestal jib crane. Based on business type, the market can be segregated into original equipment manufacturer and aftermarket. 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 KUBOTA Corporation, Kirloskar Brothers Ltd., KoneCrane Plc, Liebherr-International AG, Sulzer Ltd., Honda Kiko Co. Ltd., 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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