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United States Crane Market Size, Share, Analysis, Growth: By Type: Mobile Cranes, Fixed Cranes, Marine and Port Cranes, Others; By Application: Mining, Construction and Infrastructure, Oil and Gas, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
United States Crane Market Outlook
The United States crane market size reached approximately USD 6.43 billion in 2023. The market is estimated to grow at a CAGR of 3.6% in the forecast period of 2024-2032, reaching a value of around USD 8.90 billion by 2032.
Key Trends in the Market
A crane is a powerful machine which is equipped with cables, pulleys, and sheaves to move or suspend heavy objects from a beam. This machine is primarily used in the construction and infrastructure, oil and gas, mining and extraction, and maritime and shipping sectors, among others.
- Increased utilisation of cranes in the oil and gas sector for oil rigging, safe transportation of flammable gas containers, and loading and unloading of oil barrels and other bulky items at shipping ports is one of the prominent United States crane market trends.
- The burgeoning popularity of autonomous cranes, which offer high-end features such as anti-collision mechanism, remote configuration from the control room and on-board cameras for environment surveillance, to enhance performance efficiency and remove workers from potentially dangerous working conditions, is another crucial trend aiding the market expansion.
- The deployment of industry 4.0 technology in material handling operations of cranes for overload detection, anti-sway detection, and identification of potential issues also contributes to the United States crane market growth.
- Several market players are adopting strategic measures such as acquisition and partnerships to deliver custom crane solutions and expand their market reach in the country.
Market Analysis
Based on type, the market is divided into mobile cranes, fixed cranes, and marine and port cranes, among others. The United States crane market segmentation, on the basis of application, includes mining, construction and infrastructure, and oil and gas, among others. The major regional markets of cranes in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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. The report gives a detailed analysis of the following key players in the United States crane market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Terex Corporation
- The Manitowoc Company, Inc.
- Manitex International Inc.
- Gorbel Inc.
- Buckner Heavylift Cranes, LLC
- Konecranes Plc
- Liebherr-International Deutschland GmbH
- PALFINGER AG
- Tadano Ltd.
- The Muhibbah Group
- Others
Market Share by Type
Mobile cranes occupy a significant portion of the United States crane market share, due to their increased demand from the construction sector for lifting and transporting heavy steel beams and other building materials. The surge in infrastructural development activities such as such as railway lines, airport terminals, bridges, and highways, among others, in the United States also fuels the demand for mobile cranes.
Moreover, fixed cranes are expected to witness sizeable growth in the coming years, due to their increased utilisation in the safe transportation of extremely heavy objects.
Market Share by Application
As per the United States crane market analysis, the demand for cranes in the construction and infrastructure sector is substantially increasing as they offer the required strength to transport heavy building items such as concrete blocks, precast panels, and steel beams. They also ensure the proper alignment of columns, frameworks, and other structural components on the construction site.
Additionally, cranes are utilised in the demolition of buildings to remove heavy materials and safely transport debris and other waste items away from the sites.
Competitive Landscape
Terex Corporation, incorporated in 1933, is a primary manufacturer of material handling machinery, based in Connecticut, the United States. Its product portfolio includes elevated work platforms, material handling conveyors, terrain cranes, tower cranes, and industry equipment, among others.
The Manitowoc Company, Inc. is an engineering lifting products company, founded in 1902 and headquartered in Wisconsin, the United States. The company is well-known for its innovative range of crawler cranes which possess superior load capacity and efficiency.
Manitex International Inc., established in 1993, is a machinery manufacturing company, with its headquarters in Illinois, the United States. The company offers aerial work platforms, mobile truck cranes, and industrial lifting solutions to construction and heavy industry sectors, among others.
Other United States crane market players include Gorbel Inc., Buckner Heavylift Cranes, LLC, Konecranes Plc, Liebherr-International Deutschland GmbH, PALFINGER AG, Tadano Ltd., and The Muhibbah Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Crane Market Overview
8.1 Key Industry Highlights
8.2 North America Crane Historical Market (2018-2023)
8.3 North America Crane Market Forecast (2024-2032)
8.4 North America Crane Market Breakup by Region
8.4.1 United States
8.4.2 Canada
9 United States Crane Market Overview
9.1 Key Industry Highlights
9.2 United States Crane Historical Market (2018-2023)
9.3 United States Crane Market Forecast (2024-2032)
10 United States Crane Market by Type
10.1 Mobile Cranes
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fixed Cranes
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Marine and Port Cranes
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Crane Market by Application
11.1 Mining
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Construction and Infrastructure
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Oil and Gas
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Crane Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Terex Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Manitowoc Company, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Manitex International Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Gorbel Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Buckner Heavylift Cranes, LLC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Konecranes Plc
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Liebherr-International Deutschland GmbH
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 PALFINGER AG
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Tadano Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 The Muhibbah Group
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Crane Market: Key Industry Highlights, 2018 and 2032
2. United States Crane Market: Key Industry Highlights, 2018 and 2032
3. United States Crane Historical Market: Breakup by Type (USD Billion), 2018-2023
4. United States Crane Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. United States Crane Historical Market: Breakup by Application (USD Billion), 2018-2023
6. United States Crane Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. United States Crane Historical Market: Breakup by Region (USD Billion), 2018-2023
8. United States Crane Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. United States Crane Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 6.43 billion.
The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 8.90 billion by 2032.
The major market drivers are rapid urbanisation, the robust growth of the construction sector and a rise in mining activities in the United States.
The key trends of the market include increased utilisation of cranes in the oil and gas sector, the burgeoning popularity of autonomous cranes, deployment of industry 4.0 technology in material handling operations of cranes, and acquisition and partnerships by market players.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different crane types are mobile cranes, fixed cranes, and marine and port cranes, among others.
The key players in the market are Terex Corporation, The Manitowoc Company, Inc., Manitex International Inc., Gorbel Inc., Buckner Heavylift Cranes, LLC, Konecranes Plc, Liebherr-International Deutschland GmbH, PALFINGER AG, Tadano Ltd., and The Muhibbah Group, among others.
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