Industrial Crane Market Size And Forecast by 2031
The industrial crane market is expected to witness market growth at a rate of stable CAGR in the forecast period of 2021 to 2028. Industrial Crane Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Industrial Crane Market Segmentation Analysis
Global Industrial Crane Market, By Configuration (Single Girder Cranes, Double Girder Cranes, Gantry Cranes, Jib Cranes, Shipyard Cranes, Stacker Crane, Others), Hoist Arrangement (Top Running Type, Under Hung Type), Movability (Mobile Cranes, Fixed Cranes, Others), End-Use Industries (Metal Production Industries, Waste Management Industries, Ports & Ship Terminals Industries, Railway, Manufacturing Industries, Construction & Infrastructure Industries, Petrochemical Industries, Others Industries), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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Which are the top companies operating in the Industrial Crane Market?
The “Global Industrial Crane Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Industrial Crane Market extension. This Industrial Crane Market report provides the information of the Top 10 Companies in Industrial Crane Market in the market their business strategy, financial situation etc.
**Segments**
- By Type:
- Overhead Crane
- Gantry Crane
- Jib Crane
- Others
- By Lifting Capacity:
- Up to 20 tons
- 21-50 tons
- 51-150 tons
- Above 150 tons
- By End-User:
- Automotive
- Construction
- Mining
- Oil & Gas
- Shipping & Material Handling
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
**Market Players**
- Konecranes
- Cargotec
- Tadano Ltd.
- Terex Corporation
- Liebherr Group
- Zoomlion Heavy Industry Science&Technology Co
- XCMG Group
- SANY GROUP
The global industrial crane market witnessed significant growth in 2020, driven by various factors such as increasing infrastructure development projects, rising demand for material handling equipment in industries, and technological advancements in crane systems. The market was valued at USD 11.94 billion in 2020 and is expected to reach USD 16.92 billion by 2028, with a CAGR of 4.5% during the forecast period. The market segmentation by type includes overhead cranes, gantry cranes, jib cranes, and others. Among these, overhead cranes held a significant market share in 2020 due to their widespread applications in various industries.
In terms of lifting capacity, industrial cranes are segmented into categories such as up to 20 tons, 21-50 tons, 51-150 tons, and above 150 tons. The demand for cranes with a lifting capacity of 21-50 tons is expected to show substantial growth during the forecast period, attributed to the increasing adoption of these cranes in the construction and mining sectors. Furthermore, The industrial crane market is a highly competitive and dynamic industry, with several key players dominating the global market. Konecranes, a Finnish company, is one of the leading providers of industrial cranes worldwide. With a strong focus on innovation and technology, Konecranes offers a wide range of crane solutions tailored to meet the specific needs of different industries. Cargotec, another major player in the market, is known for its diverse portfolio of material handling equipment, including cranes. The company's strategic acquisitions and partnerships have helped it strengthen its market position and expand its global reach.
Tadano Ltd., a Japanese company, is renowned for its high-quality mobile cranes and truck-mounted cranes. Tadano's commitment to product innovation and customer satisfaction has contributed to its success in the industrial crane market. Terex Corporation, a US-based company, is a leading manufacturer of lifting and material handling solutions, including industrial cranes. Terex's robust product line and focus on sustainability have resonated well with customers across various industries.
Liebherr Group, a Swiss company, is a key player in the industrial crane market, offering a comprehensive range of cranes for diverse applications. Liebherr's reputation for reliability, performance, and safety has made it a preferred choice for many businesses worldwide. Zoomlion Heavy Industry Science & Technology Co, a Chinese company, is known for its innovative crane technologies and solutions. With a strong emphasis on research and development, Zoomlion continues to introduce cutting-edge crane products that cater to the evolving needs of customers.
XCMG Group, also based in China, is a prominent player in the industrial crane market, specializing in the manufacturing of heavy machinery, including cranes. XCMG's commitment to quality and efficiency has helped it establish a strong presence in the global market. SANY GROUP, another Chinese company, is a leading manufacturer of construction machinery, including industrial cranes. SANY's dedication to product excellence and customer service has enabled it toMarket Players:
- Konecranes
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- GORBEL INC.
- North American Industries
- ElectroMech
- Terex Corporation
- Street Crane Company Limited
- Kundel Industries
- American Crane
- Uesco Cranes
- Whiting Corporation
- Asian Cranes & Elevators
- Lampson International LLC
- Liebherr Group
- JCB
- Manitowoc
- XCMG Group
- Zoomlion Heavy Industry Science&Technology Co., Ltd.; among other domestic and global players.
The global industrial crane market is experiencing steady growth due to factors such as increasing infrastructure development projects, rising demand for material handling equipment, and technological advancements in crane systems. The market is expected to reach USD 16.92 billion by 2028, with a CAGR of 4.5% from 2020 to 2028. The segmentation of the market by type includes overhead cranes, gantry cranes, jib cranes, and others, with overhead cranes holding a significant market share in 2020. In terms of lifting capacity, cranes ranging from 21-50 tons are expected to see substantial growth, driven by their adoption in the construction and mining sectors.
The industrial crane market is highly competitive, with key players such as Konecranes, Cargotec, Tadano Ltd., Terex Corporation, Liebh
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Research Methodology of Data bridge Market Research:
Data Bridge Market Research typically follows a comprehensive research methodology for analyzing and reporting on market trends, including the Industrial Crane Market. The research methodology generally involves the following steps:
1. Data Collection
- Primary Research: This involves conducting interviews, surveys, and direct interactions with industry experts, market participants, and key opinion leaders. Primary data is crucial for gaining insights into the market's current dynamics, trends, and growth factors.
- Secondary Research: This includes gathering data from publicly available sources like company reports, press releases, industry journals, government publications, and reputable databases. Secondary research helps in understanding the market's historical trends and the competitive landscape.
2. Market Segmentation and Data Analysis
- Segmentation: The Industrial Crane Market is segmented based on various factors such as type, application, region, and end-user. This segmentation allows for a more detailed analysis of each Industrial Crane Market segment.
- Data Analysis: Advanced analytical tools and techniques, such as SWOT analysis, PESTLE analysis, Porter’s Five Forces analysis, and regression analysis, are used to interpret the data. These tools help in identifying key market trends, growth drivers, opportunities, and challenges.
3. Market Estimation
- Top-Down and Bottom-Up Approaches: These approaches are used to estimate and validate the market size. The top-down approach involves analyzing the overall market and then narrowing it down to specific segments, while the bottom-up approach starts from individual segments and aggregates them to estimate the total market size.
- Data Triangulation: Multiple data sources are compared and analyzed to ensure the accuracy and reliability of the market estimates.
4. Validation
- Expert Validation: The findings and market estimates are validated through discussions with industry experts and key stakeholders. This step ensures that the data and insights are accurate and reflect the market reality.
- Cross-Verification: The data is cross-verified with multiple sources to ensure consistency and accuracy.
5. Report Compilation and Presentation
- Drafting the Report: Once the data analysis is complete, the findings are compiled into a comprehensive report. The report includes a detailed analysis of market trends, forecasts, competitive landscape, and strategic recommendations.
- Final Review: The report undergoes a final review to ensure that it meets the quality standards and provides valuable insights to the clients.
6. Ongoing Updates
- Continuous Monitoring: The market is continuously monitored, and the reports are updated periodically to reflect the latest market trends and developments.
This structured approach ensures that the research conducted by Data Bridge Market Research is thorough, accurate, and provides actionable insights for stakeholders in the Industrial Crane Market.
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