The crane market is set to observe growth rate of over 6% till 2025. The crane industry will garner substantial revenue growth owing to increasing investments in the construction sector. Over the years, the world has seen a steady rise in new private & public infrastructure construction activities. Factors like rapid growth in the urban sector coupled with increasing shift towards urban lifestyles is fueling the commencement of large-scale construction activities, in turn driving the demand for cranes.

The emergence of innovative designs is likely to boost crane market size from the construction sector, with building structures becoming increasingly futuristic and construction industry players striving to find advanced cranes to suit its needs. As the trend of urbanization has been permeating the globe at a rapid pace, high-rises and skyscrapers are becoming a common sight. In consequence, tower cranes are being extensively deployed, massively augmenting crane industry size. Tower crane market size is thus increasing at a massive pace as these crane are an inevitable part of high rise construction for their incredible combination of height and weight carrying capacity.

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Increasing developments across commercial & residential infrastructures along with growing development of complex structural designs could play a vital role in strengthening industry landscape. Besides, the remarkable features of cranes like improved efficiency, high payload carrying capacity and productivity might boost its adoption rate by construction companies, and other application industries.

Commercial, residential and industrial buildings usually employ multiple cranes that are either fixed to the ground or are mounted on a custom-built vehicle that can be moved a per requirement. Mobile cranes are the most versatile kind of cranes used in modern construction as these hydraulic cranes can be conveniently wheeled and have the least footprint area, that is, they can hoist materials while being positioned in a very compact space.

Crane market registers a considerable growth rate through the product’s widespread application in the construction industry. In fact, back in 2013 when the demand for cranes started to turn around, the increase in activity in the crane market was hailed as a harbinger of economic growth after the disastrous period global economies faced over 2008-2009.

Tower crane machines, amongst all fixed cranes, are termed as the most used cranes models due to its remarkable applications in constructing high rise structures. Regions like Europe and Asia are nowadays witnessing an increasing number of large-scale construction activities, which include the construction of multistory and heightened commercial & residential buildings. Growing prevalence of such activities could improve the adoption rate of high tower cranes.

Tower cranes are usually employed to transfer and lift heavy materials while building complex structures and tall towers. These machines can minimize the amount of labor needed for transferring heavy construction materials, further lowering overall labor costs.

As a result, several crane manufacturers are working on designing new tower crane models that possess high load lifting features. Taking April 2019 for instance, Comansa revealed its plan to release new and bigger flat-top tower cranes that could endure a maximum load capacity of 66 tons.

Apart from Comansa, the crane market is being led by companies like Komatsu Ltd., Liebherr Group, Tadano Ltd., Sany Group, Manitowoc, XCMG Ltd., Effer S.pA., Kobelco Construction Machinery, and Terex Corporation. These companies are undertaking new business strategies to expand their regional presence. Manufacturers meanwhile are constantly seeking new partnerships and contracts with dealers to enhance their market presence.

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Some Point from Table of Contents:

Chapter 4. Crane Market, By Product

4.1. Key trends by product

4.2. Mobile crane

4.2.1. Market estimates and forecast, by application, 2014 – 2025

4.2.1.1. Market estimates and forecast, by utility, 2014 – 2025

4.2.2. All terrain cranes

4.2.2.1. Market estimates and forecast, by application, 2014 – 2025

4.2.3. Crawler crane

4.2.3.1. Market estimates and forecast, by application, 2014 – 2025

4.2.4. Rough terrain crane

4.2.4.1. Market estimates and forecast, by application, 2014 – 2025

4.2.5. Truck loader crane

4.2.5.1. Market estimates and forecast, by application, 2014 – 2025

4.3. Fixed crane

4.3.1. Market estimates and forecast, by application, 2014 – 2025

4.3.1.1. Market estimates and forecast, by utility, 2014 – 2025

4.3.2. Monorail cranes

4.3.2.1. Market estimates and forecast, by application, 2014 – 2025

4.3.3. Stiffleg crane

4.3.3.1. crane market estimates and forecast, by application, 2014 – 2025

4.3.4. Tower crane

4.3.4.1. Market estimates and forecast, by application, 2014 – 2025

4.3.5. Gantry crane

4.3.5.1. Market estimates and forecast, by application, 2014 – 2025

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