Mobile Crane Market - By Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane), By Capacity, By Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy) & Forecast, 2021-2030
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Mobile Crane Market - By Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane), By Capacity, By Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy) & Forecast, 2021-2030
Mobile Crane Market - By Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane), By Capacity, By Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy) & Forecast, 2021-2030
Mobile Crane Market Size
Mobile Crane Market size exceeded USD 15 billion in 2020 and is estimated to grow at over 5% CAGR between 2021 and 2030. The rapidly growing residential and commercial construction activities due to increasing urbanization are spurring the industry demand.
The rising importance of safe, cost-effective, and speedy material handling activities in the construction & transport sector is driving the market growth. The companies are focusing on introducing new low emission mobile crane models to contribute to sustainable environment. For instance, in December 2020, Liebherr Group introduced electric crawler cranes, LR1200.1 and LR.1250.1. These are the world’s first crawler cranes that are battery powered and are equipped with 255kW electrical engines.
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The energy and oil & gas production industry is one of the vital growth drivers for the economic development of a country. Regional governments are taking initiatives to speed-up the construction projects by issuing special bonds and providing some relaxations in loan repayments. The government will also support companies with stable employment by extending deadlines for debt repayment.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Mobile Crane Market Size in 2020 | 15 Billion (USD) |
| Forecast Period | 2021 to 2030 |
| Forecast Period 2021 to 2030 CAGR | 5% |
| 2030 Value Projection | 25 Billion (USD) |
| Historical Data for | 2016 to 2020 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 347 |
| Segments covered | Type, Capacity, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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The mobile crane market is experiencing high growth on account of the integration of smart technology. Established industry players are integrating telematics platform into cranes to enhance equipment efficiency and productivity. For instance, in May 2021, Terex Corporation announced new telematics platform T-Link for all Terex rough terrain cranes. T-Link platform assists equipment owners to track the equipment’s real-time activities and location, allowing owners to monitor and manage their fleet efficiently. Telematics platform will increase the equipment’s working effectiveness and life expectancy.
Key factors challenging the industry growth include high initial cost of mobile cranes and lack of skilled & competent operators. The improper use of heavy equipment may result in fatal accidents and injuries, restricting the mobile crane market demand. Several associations are taking efforts to develop new guidelines for crane safety regulations.
The mobile crane manufacturers experienced a substantial decline in market revenue owing to the outbreak of coronavirus. In the first three quarters of 2020, the mobile crane industry sales were declined impelled by several factors such as manufacturing & construction activities suspension, low demand, and supply chain disruption. Equipment companies, including Manitex and Tadano, reported a decline in their net sales for 2020. However, the market is anticipated to witness a steady growth recovery post pandemic owing to supportive government initiatives for construction activities.
Mobile Crane Market Analysis
All-terrain cranes held around 25% of the mobile crane market share in 2020. All-terrain cranes have the capacity to achieve robust maneuverability and ability to perform operations in harsh weather conditions with superior mobility. High-performance efficiency in a variety of sectors such as power stations, oil & gas production, and construction sites is likely to augment the industry statistics. Continuous new product launches in the all-terrain segment are propelling the market expansion.
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The cranes with above 30 tons lifting capacity are expected to witness a growth rate of over 6.5% through 2030 led by their high lifting capacities and enhanced working height. Companies are upgrading their previous models with single engine design to reduce the emissions and overall operating costs, improving their market share.
The mobile crane market demand from construction application was valued at USD 8 billion in 2020. Supportive government regulations for the construction industry in several countries, including the U.S., India, Saudi Arabia, and Germany are enhancing the market growth. For instance, in January 2021, Saudi Government announced to build 170 km mega smart city “The Line” as part of its Neom Project. The city will be equipped with AI-enabled digital infrastructure, high speed transportation, and IoT-based logistics services.
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The North America mobile crane market revenue crossed USD 4 billion in 2020, with about 7,000 units of new units sold. The U.S. and Canada government authorities are focusing on construction project investments to revive their economy after COVID-19 crisis. In March 2021, the U.S. Government announced the plan for economy reshape and infrastructure development with an investment of USD 2 trillion. The new investment will create several market opportunities in road construction, water pipes, high speed internet infrastructure, and public transit sectors. Increasing construction activities in the region are encouraging the industry players to invest in mobile cranes to increase their revenue.
Mobile Crane Market Share
Key mobile crane market participants include
- Terex Corporation
- Kobelco Construction Machinery Co., Ltd
- Palfinger AG
- Tadano Ltd
- SANY Group
- Zoomlion Heavy Industries Science and Technology Co., Ltd
- Manitowoc
- Manitex, Inc.
- Liebherr Group
- LiuGong Machinery Co., Ltd
- Kato Works Co., Ltd.
Manufacturers are focusing on establishing strategic partnerships and acquisitions for their business expansion. The players are presenting their latest innovations in exhibitions to target the potential audience. For instance, in November 2020, Zoomlion Heavy Industry presented its various mobile cranes, including rough terrain, crawler, and truck crane, at the Bauma China 2020. This aided the company to showcase its products to potential customers at the exhibition.
This mobile crane market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2021 to 2030 for the following segments
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Market, By Type
- All Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Loader Crane
Market, By Application
- Construction & Mining
- Utility
- Manufacturing
- Transport/Shipping
- Oil and Gas/Energy
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
- Saudi Arabia
- UAE
- South Africa
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Definitions & forecast parameters
1.1.1 Definitions
1.1.2 Methodology and forecast parameters
1.1.3 Region-wise impact analysis of COVID-19
1.1.3.1 North America
1.1.3.2 Europe
1.1.3.3 Asia Pacific
1.1.3.4 Latin America
1.1.3.5 MEA
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Mobile crane industry 360° synopsis, 2016 – 2030
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Capacity trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Industry Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 on mobile crane industry landscape
3.2.1 Global outlook
3.2.2 Regional impact
3.2.2.1 North America
3.2.2.2 Europe
3.2.2.3 Asia Pacific
3.2.2.4 Latin America
3.2.2.5 MEA
3.2.3 Industry value chain
3.2.3.1 Research & development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Technology providers
3.3.3 Manufacturers
3.3.4 End use landscape
3.3.5 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 MEA
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increase in global construction spending
3.6.1.2 Growing popularity of telematics-enabled cranes
3.6.1.3 High growth of transportation & logistics industry in North America and Europe
3.6.1.4 Increasing equipment rental demand in Asia and Europe
3.6.1.5 Growth of Brazilian construction industry
3.6.1.6 Increasing demand for mobile cranes from energy sector in MEA
3.6.2 Industry pitfalls & challenges
3.6.2.1 High initial purchase & maintenance costs
3.6.2.2 Limited availability of skilled operators
3.7 Growth potential analysis
3.8 Porter's analysis
3.8.1 Supplier power
3.8.2 Buyer power
3.8.3 Threat of new entrants
3.8.4 Threat of substitutes
3.8.5 Internal rivalry
3.9 PESTEL analysis
Chapter 4 Competitive Landscape,
4.1 Introduction
4.2 Company market share analysis, 2020
4.3 Competitive analysis of top mobile crane manufacturers
4.3.1 Kobelco Construction Machinery Co., Ltd
4.3.2 Liebherr Group
4.3.3 Palfinger AG
4.3.4 Sany Group
4.3.5 Tadano Ltd.
4.3.6 Terex Corporation
4.3.7 Zoomlion Heavy Industry Science and Technology
Chapter 5 Mobile Crane Market, By Type
5.1 Key trends, by type
5.2 All-terrain crane
5.2.1 Market estimates and forecast, 2016 – 2030
5.3 Crawler crane
5.3.1 Market estimates and forecast, 2016 – 2030
5.4 Rough-terrain crane
5.4.1 Market estimates and forecast, 2016 – 2030
5.5 Truck loader crane
5.5.1 Market estimates and forecast, 2016 – 2030
Chapter 6 Mobile Crane Market, By Capacity
6.1 Key trends, by capacity
6.2 5 ton
6.2.1 Market estimates and forecast, 2016 – 2030
6.3 10 to 20 ton
6.3.1 Market estimates and forecast, 2016 – 2030
6.4 21 to 30 ton
6.4.1 Market estimates and forecast, 2016 – 2030
6.5 Above 30 ton
6.5.1 Market estimates and forecast, 2016 – 2030
Chapter 7 Mobile Crane Market, By Application
7.1 Key trends, by application
7.2 Construction & mining
7.2.1 Market estimates and forecast, 2016 – 2030
7.3 Oil & gas/Energy
7.3.1 Market estimates and forecast, 2016 – 2030
7.4 Transportation & shipping
7.4.1 Market estimates and forecast, 2016 – 2030
7.5 Manufacturing
7.5.1 Market estimates and forecast, 2016 – 2030
7.6 Utility
7.6.1 Market estimates and forecast, 2016 – 2030
Chapter 8 Mobile Crane Market, By Region
8.1 Key trends, by region
8.2 North America
8.2.1 Market estimates and forecast, by type, 2016 – 2030
8.2.2 Market estimates and forecast, by capacity, 2016 – 2030
8.2.3 Market estimates and forecast, by application, 2016 – 2030
8.2.4 U.S.
8.2.4.1 Market estimates and forecast, by type, 2016 – 2030
8.2.4.2 Market estimates and forecast, by capacity, 2016 – 2030
8.2.4.3 Market estimates and forecast, by application, 2016 – 2030
8.2.5 Canada
8.2.5.1 Market estimates and forecast, by type, 2016 – 2030
8.2.5.2 Market estimates and forecast, by capacity, 2016 – 2030
8.2.5.3 Market estimates and forecast, by application, 2016 – 2030
8.3 Europe
8.3.1 Market estimates and forecast, by type, 2016 – 2030
8.3.2 Market estimates and forecast, by capacity, 2016 – 2030
8.3.3 Market estimates and forecast, by application, 2016 – 2030
8.3.4 UK
8.3.4.1 Market estimates and forecast, by type, 2016 – 2030
8.3.4.2 Market estimates and forecast, by capacity, 2016 – 2030
8.3.4.3 Market estimates and forecast, by application, 2016 – 2030
8.3.5 Germany
8.3.5.1 Market estimates and forecast, by type, 2016 – 2030
8.3.5.2 Market estimates and forecast, by capacity, 2016 – 2030
8.3.5.3 Market estimates and forecast, by application, 2016 – 2030
8.3.6 France
8.3.6.1 Market estimates and forecast, by type, 2016 – 2030
8.3.6.2 Market estimates and forecast, by capacity, 2016 – 2030
8.3.6.3 Market estimates and forecast, by application, 2016 – 2030
8.3.7 Italy
8.3.7.1 Market estimates and forecast, by type, 2016 – 2030
8.3.7.2 Market estimates and forecast, by capacity, 2016 – 2030
8.3.7.3 Market estimates and forecast, by application, 2016 – 2030
8.3.8 Russia
8.3.8.1 Market estimates and forecast, by type, 2016 – 2030
8.3.8.2 Market estimates and forecast, by capacity, 2016 – 2030
8.3.8.3 Market estimates and forecast, by application, 2016 – 2030
8.4 Asia Pacific
8.4.1 Market estimates and forecast, by type, 2016 – 2030
8.4.2 Market estimates and forecast, by capacity, 2016 – 2030
8.4.3 Market estimates and forecast, by application, 2016 – 2030
8.4.4 China
8.4.4.1 Market estimates and forecast, by type, 2016 – 2030
8.4.4.2 Market estimates and forecast, by capacity, 2016 – 2030
8.4.4.3 Market estimates and forecast, by application, 2016 – 2030
8.4.5 India
8.4.5.1 Market estimates and forecast, by type, 2016 – 2030
8.4.5.2 Market estimates and forecast, by capacity, 2016 – 2030
8.4.5.3 Market estimates and forecast, by application, 2016 – 2030
8.4.6 Japan
8.4.6.1 Market estimates and forecast, by type, 2016 – 2030
8.4.6.2 Market estimates and forecast, by capacity, 2016 – 2030
8.4.6.3 Market estimates and forecast, by application, 2016 – 2030
8.4.7 South Korea
8.4.7.1 Market estimates and forecast, by type, 2016 – 2030
8.4.7.2 Market estimates and forecast, by capacity, 2016 – 2030
8.4.7.3 Market estimates and forecast, by application, 2016 – 2030
8.5 Latin America
8.5.1 Market estimates and forecast, by type, 2016 – 2030
8.5.2 Market estimates and forecast, by capacity, 2016 – 2030
8.5.3 Market estimates and forecast, by application, 2016 – 2030
8.5.4 Brazil
8.5.4.1 Market estimates and forecast, by type, 2016 – 2030
8.5.4.2 Market estimates and forecast, by capacity, 2016 – 2030
8.5.4.3 Market estimates and forecast, by application, 2016 – 2030
8.5.5 Mexico
8.5.5.1 Market estimates and forecast, by type, 2016 – 2030
8.5.5.2 Market estimates and forecast, by capacity, 2016 – 2030
8.5.5.3 Market estimates and forecast, by application, 2016 – 2030
8.6 MEA
8.6.1 Market estimates and forecast, by type, 2016 – 2030
8.6.2 Market estimates and forecast, by capacity, 2016 – 2030
8.6.3 Market estimates and forecast, by application, 2016 – 2030
8.6.4 UAE
8.6.4.1 Market estimates and forecast, by type, 2016 – 2030
8.6.4.2 Market estimates and forecast, by capacity, 2016 – 2030
8.6.4.3 Market estimates and forecast, by application, 2016 – 2030
8.6.5 South Africa
8.6.5.1 Market estimates and forecast, by type, 2016 – 2030
8.6.5.2 Market estimates and forecast, by capacity, 2016 – 2030
8.6.5.3 Market estimates and forecast, by application, 2016 – 2030
8.6.6 Saudi Arabia
8.6.6.1 Market estimates and forecast, by type, 2016 – 2030
8.6.6.2 Market estimates and forecast, by capacity, 2016 – 2030
8.6.6.3 Market estimates and forecast, by application, 2016 – 2030
Chapter 9 Company Profiles
9.1 Action Construction Equipment
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Fassi gru
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Hiab
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 KATO WORKS CO., LTD.
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 Kobelco Construction Machinery Co. Ltd.
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Liebherr Group
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Manitowoc Cranes, Inc.
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Palfinger AG
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Sany Group
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 Tadano Ltd.
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 Terex Corporation
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 XCMG
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Zoomlion Heavy Industry Science and Technology Co. Ltd.
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis