Market Overview:
The global crane wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cranes in various end-use industries, such as construction, manufacturing, and logistics. Crane wheels are an important component of cranes and play a significant role in their overall performance. They help in transferring the load from the crane’s hook or hoist line to the ground or other surface on which it is resting. Crane wheels are available in two types: heavy duty and light duty. Heavy duty crane wheels are used for applications that require high capacity and durability, whereas light duty crane wheels are used for applications that require less capacity and durability. The global crane wheel market has been segmented on the basis of type, application, and region.
Product Definition:
The term 'crane wheel' is used to describe a type of tyre which has a deep tread and large contact patch, typically found on cranes and other construction vehicles. The tyres are designed to provide good traction in off-road conditions, as well as being puncture resistant.
Heavy Duty Crane Wheel:
Heavy-duty crane wheel is a special type of truck wheel that is designed to carry heavy loads over a long distance. The most important factor that differentiates them from light-duty wheels is the material used for manufacturing. While light-duty wheels are made using lightweight materials such as aluminum, heavy duty wheels are manufactured using steel and other alloy metals.
Light Duty Crane Wheel:
A light duty crane wheel is a type of lifting device used in construction, material handling and other industries. It has a smaller turning radius which reduces the effort required to move the load. The product is mainly used for low weight or small load applications up to 1/4th tonne. They are widely preferred over standard wheels as they reduce stress on the chain and sprocket during turning movements thus extending its life significantly.
Application Insights:
Based on application, the market has been segmented into double girder crane trolley, overhead cranes, gantry and portal cranes, and transfer cars. The double girder crane trolley segment accounted for the largest revenue share in 2017. This is attributed to growing demand from construction sites for materials handling as well as from industries for their operations. Double-girder trucks are widely used in construction activities owing to their ability to carry heavy loads over long distances without any difficulty.
The transfer car segment is projected to exhibit a lucrative CAGR of XX% during the forecast period owing to its ability to efficiently transport large size objects such as steel sheets or pipes across short distances with ease and efficiency at a reduced cost when compared with other modes of transportation such as air or road transportation.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Growing infrastructure spending by governments of these countries coupled with increasing investments in port development projects are likely to drive demand for cranes and related equipment over the next eight years.
Europe accounted for a significant share of revenue generated by global crane wheels market in 2017 owing to high demand from industries operating within construction sector such as civil engineering, transportation & storage among others. In addition Europe’s economy has been severely affected due to numerous terrorist attacks that have taken place across various cities including Paris, Brussels and London among others which have resulted into slowdown or halt in construction activities thereby hampering growth of this industry segment during the same period (2017-2018).
Growth Factors:
- Increasing demand for crane wheels in the construction and infrastructure sectors due to growth in urbanization and industrialization.
- Rising demand for technologically advanced crane wheels with features such as low weight, high strength, and corrosion resistance.
- Growing use of cranes in material handling applications across various industries, which is fueling the demand for crane wheels.
- Increasing investments by OEMs in research and development activities to develop innovative products that meet the changing needs of customers.
- Growing popularity of electric cranes, which is resulting in an increase in the adoption of electric crane wheels
Scope Of The Report
Report Attributes
Report Details
Report Title
Crane Wheels Market Research Report
By Type
Heavy Duty Crane Wheel, Light Duty Crane Wheel
By Application
Double Girder Crane Trolley, Overhead Cranes, Gantry and Portal Cranes, Transfer Cars
By Companies
Xtek, Kor-Pak, DGCRANE, McKees Rocks Forgings, Irwin Car and Equipment, Downs Crane & Hoist, Lyons Industries, KARL GEORG, SIBRE, Tianjin Anson International, Xtek, Modular Crane
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Crane Wheels Market Report Segments:
The global Crane Wheels market is segmented on the basis of:
Types
Heavy Duty Crane Wheel, Light Duty Crane Wheel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Double Girder Crane Trolley, Overhead Cranes, Gantry and Portal Cranes, Transfer Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xtek
- Kor-Pak
- DGCRANE
- McKees Rocks Forgings
- Irwin Car and Equipment
- Downs Crane & Hoist
- Lyons Industries
- KARL GEORG
- SIBRE
- Tianjin Anson International
- Xtek
- Modular Crane
Highlights of The Crane Wheels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy Duty Crane Wheel
- Light Duty Crane Wheel
- By Application:
- Double Girder Crane Trolley
- Overhead Cranes
- Gantry and Portal Cranes
- Transfer Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crane Wheels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crane Wheels are a type of wheel that is used on vehicles to move them. They are also known as Crawler Wheels or Track Wheels.
Some of the key players operating in the crane wheels market are Xtek, Kor-Pak, DGCRANE, McKees Rocks Forgings, Irwin Car and Equipment, Downs Crane & Hoist, Lyons Industries, KARL GEORG, SIBRE, Tianjin Anson International, Xtek, Modular Crane.
The crane wheels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crane Wheels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crane Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crane Wheels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crane Wheels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crane Wheels Market Size & Forecast, 2020-2028
4.5.1 Crane Wheels Market Size and Y-o-Y Growth
4.5.2 Crane Wheels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Heavy Duty Crane Wheel
5.2.2 Light Duty Crane Wheel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Double Girder Crane Trolley
6.2.2 Overhead Cranes
6.2.3 Gantry and Portal Cranes
6.2.4 Transfer Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crane Wheels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crane Wheels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Heavy Duty Crane Wheel
9.6.2 Light Duty Crane Wheel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Double Girder Crane Trolley
9.10.2 Overhead Cranes
9.10.3 Gantry and Portal Cranes
9.10.4 Transfer Cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Heavy Duty Crane Wheel
10.6.2 Light Duty Crane Wheel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Double Girder Crane Trolley
10.10.2 Overhead Cranes
10.10.3 Gantry and Portal Cranes
10.10.4 Transfer Cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Heavy Duty Crane Wheel
11.6.2 Light Duty Crane Wheel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Double Girder Crane Trolley
11.10.2 Overhead Cranes
11.10.3 Gantry and Portal Cranes
11.10.4 Transfer Cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Heavy Duty Crane Wheel
12.6.2 Light Duty Crane Wheel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Double Girder Crane Trolley
12.10.2 Overhead Cranes
12.10.3 Gantry and Portal Cranes
12.10.4 Transfer Cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Heavy Duty Crane Wheel
13.6.2 Light Duty Crane Wheel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Double Girder Crane Trolley
13.10.2 Overhead Cranes
13.10.3 Gantry and Portal Cranes
13.10.4 Transfer Cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crane Wheels Market: Competitive Dashboard
14.2 Global Crane Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xtek
14.3.2 Kor-Pak
14.3.3 DGCRANE
14.3.4 McKees Rocks Forgings
14.3.5 Irwin Car and Equipment
14.3.6 Downs Crane & Hoist
14.3.7 Lyons Industries
14.3.8 KARL GEORG
14.3.9 SIBRE
14.3.10 Tianjin Anson International
14.3.11 Xtek
14.3.12 Modular Crane
