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Global Crawler Crane Market: By Capacity: Below 50 Tons, 50 To 250 Tons, 251 To 450 Tons, More than 450 Tons; By Application: Construction and Mining, Transport, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Crawler Crane Market Outlook
The global crawler crane market attained a value of USD 2.06 billion in 2020. The market is expected to further grow at a CAGR of 5.8% in the forecast period of 2022-2027 to reach USD 2.88 billion by 2026.
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Increasing Applications of Crawler Crane in the Construction and Mining Sector to Bolster the Growth of the Crawler Crane Industry
Based on application, the construction and mining segment accounts for the largest share in the market and is likely to remain dominant in the forecast period as well. This can be attributed to the rising demand for multipurpose crawler cranes, which are capable of lifting heavy equipment for commercial and residential projects, coupled with the increasing mining activities in the developing economies. Meanwhile, the utility segment witnessed a healthy growth due to the expansion of water, electricity, and sewage infrastructure. The rising demand for cranes available on rent for carrying out manufacturing, power, and transportation projects is likely to bolster the market further.
The Asia Pacific Accounts for a Significant Share in the Market
Region-wise, the Asia Pacific accounts for a significant share in the global crawler crane industry. The rising construction activities, improvement of road networks and growing investment in new infrastructure projects in emerging economies like China and India are expected to propel the demand for crawler cranes in the Asia Pacific. The rising demand can be attributed to the ability of crawler cranes to lift extremely heavy objects safely and economically. The market is projected to be further propelled by the facilitation of government plans to enhance manufacturing and improving infrastructure in the region.
Crawler Crane: Market Segmentation
A crawler crane is defined as a versatile class of multipurpose lifting equipment that consists of an upper carriage mounted on an under-carriage. The upper deck and attachments rotate 360º. A crawler crane has the ability to lift extremely heavy objects with safety.
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Based on capacity, the market is divided into:
- Below 50 Tons
- 50 To 100 Tons
- 101 To 150 Tons
- 151 To 200 Tons
- 201 To 250 Tons
- 251 To 300 Tons
- 301 To 350 Tons
- 351 To 400 Tons
- 401 To 450 Tons
- More than 450 Ton
On the basis of application, the industry is segmented into:
- Construction and Mining
- Transport
- Oil and Gas
- Utility
- Manufacturing
- 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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Technological Advancements in Cranes and the Cost-Effectiveness of the Product to Boost the Growth of the Crawler Crane Industry
The global crawler crane industry is being driven by the product’s cost-effectiveness, reliability, and the introduction of technologically advanced features. The expanding possibilities of crane technology and the introduction of new and advanced models for heavy industries are likely to propel the market growth in the forecast period. The emergence of manufacturing companies and rising infrastructure developments in the developing economies are likely to surge the sales of crawler cranes in the forecast period.
Key Industry Players in the Global Crawler Crane Market
The report gives a detailed analysis of the following key players in the global crawler crane market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Liebherr-International AG
- Sennebogen Erich Holding GmbH & Co. KG
- The Manitowoc Company, Inc.
- Link-Belt Cranes, L.P., LLLP
- Kobe Steel, Ltd (Kobelco)
- Kato Works Co., Ltd.
- SANY Heavy Industry Co., Ltd.
- Sumitomo Heavy Industries Construction Cranes Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Capacity, Application, Region |
| Breakup by Capacity | Below 50 Tons, 50 To 100 Tons, 101 To 150 Tons, 151 To 200 Tons, 201 To 250 Tons, 251 To 300 Tons, 301 To 350 Tons, 351 To 400 Tons, 401 To 450 Tons,More than 450 Tons |
| Breakup by Application | Construction and Mining, Transport, Oil and Gas, Utility, Manufacturing, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| 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 | Liebherr-International AG, Sennebogen Erich Holding GmbH & Co. KG, The Manitowoc Company, Inc., Link-Belt Cranes, L.P., LLLP, Kobe Steel, Ltd (Kobelco), Kato Works Co., Ltd., SANY Heavy Industry Co., Ltd., Sumitomo Heavy Industries Construction Cranes Co., Ltd., and 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Crawler Crane Market Analysis
8.1 Key Industry Highlights
8.2 Global Crawler Crane Historical Market (2017-2021)
8.3 Global Crawler Crane Market Forecast (2022-2027)
8.4 Global Crawler Crane Market by Capacity
8.4.1 Below 50 Tons
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 50 To 100 Tons
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 101 To 150 Tons
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 151 To 200 Tons
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 201 To 250 Tons
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 251 To 300 Tons
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.4.7 301 To 350 Tons
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2017-2021)
8.4.7.3 Forecast Trend (2022-2027)
8.4.8 351 To 400 Tons
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2017-2021)
8.4.8.3 Forecast Trend (2022-2027)
8.4.9 More than 400 Tons
8.4.9.1 Market Share
8.4.9.2 Historical Trend (2017-2021)
8.4.9.3 Forecast Trend (2022-2027)
8.5 Global Crawler Crane Market by Application
8.5.1 Construction and Mining
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Transport
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Oil and Gas
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Utility
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Manufacturing
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global Crawler 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 (2017-2021)
9.1.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.2.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 New Zealand
9.3.3.4 Australia
9.3.3.5 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 GCC
9.5.3.2 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 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Liebherr-International AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Sennebogen Erich Holding GmbH & Co. KG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 The Manitowoc Company, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Link-Belt Cranes, L.P., LLLP
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Kobe Steel, Ltd (Kobelco)
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Kato Works Co., Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 SANY Heavy Industry Co., Ltd.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Sumitomo Heavy Industries Construction Cranes Co., Ltd.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 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 Crawler Crane Market: Key Industry Highlights, 2016 and 2026
2. Global Crawler Crane Historical Market: Breakup by Capacity (USD Billion), 2017-2021
3. Global Crawler Crane Market Forecast: Breakup by Capacity (USD Billion), 2022-2027
4. Global Crawler Crane Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Crawler Crane Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Crawler Crane Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Crawler Crane Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Crawler Crane Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Crawler Crane Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Crawler Crane Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Crawler Crane Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Crawler Crane Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Crawler Crane Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Crawler Crane Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Crawler Crane Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Crawler Crane Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Crawler Crane Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Crawler Crane Market Structure
Key Questions Answered in the Report
In 2020, the global crawler crane market attained a value of nearly USD 2.06 billion.
The market is projected to grow at a CAGR of 5.8% between 2022 and 2027.
The major drivers of the market are the rise in demand for multifunctional crawler cranes, increase in mining operations, the emergence of manufacturing companies, rising infrastructure developments, rising construction activities, and improvement of road networks.
The key trends propelling the industry forward are the features of the machines like cost-effectiveness and dependability, and various technological advancements.
What are the major regional markets of the global crawler crane market, according to the EMR report?
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.
Based on capacity, the market is divided into below 50 tons, 50 to 100 tons, 101 to 150 tons, 151 to 200 tons, 201 to 250 tons, 251 to 300 tons, 301 to 350 tons, 351 to 400 tons, and more than 400 tons.
The construction and mining segment is the dominant application in the industry.
The major players in the industry are Liebherr-International AG, Sennebogen Erich Holding GmbH & Co. KG, The Manitowoc Company, Inc., Link-Belt Cranes, L.P., LLLP, Kobe Steel, Ltd (Kobelco), Kato Works Co., Ltd., SANY Heavy Industry Co., Ltd., and Sumitomo Heavy Industries Construction Cranes Co., Ltd., and among others.
Analyst Review
The global crawler crane market attained a value of USD 2.06 billion in 2020, driven by the rise in demand for multifunctional crawler cranes. Aided by the growing technological advancements and increase in mining operations, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its capacity, the global crawler crane industry can be segmented into below 50 tons, 50 to 100 tons, 101 to 150 tons, 151 to 200 tons, 201 to 250 tons, 251 to 300 tons, 301 to 350 tons, 351 to 400 tons, and more than 400 tons. By application, the industry can be divided into construction and mining, transport, oil and gas, utility, and manufacturing, among others, with the construction and mining segment accounting for the largest market share. The major regional markets for crawler crane are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Liebherr-International AG, Sennebogen Erich Holding GmbH & Co. KG, The Manitowoc Company, Inc., Link-Belt Cranes, L.P., LLLP, Kobe Steel, Ltd (Kobelco), Kato Works Co., Ltd., SANY Heavy Industry Co., Ltd., and Sumitomo Heavy Industries Construction Cranes Co., Ltd., among 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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