Market Overview:
The global cranes spare parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the global cranes spare parts market can be attributed to the increasing demand for cranes in various end-use industries. The global crane spare parts market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into online channel and offline channel. The online channel segment is expected to account for a larger share of the global crane spare parts market during the forecast period owing to its growing popularity among consumers due to its convenience and ease-of-use. On the basis of application, tower crane, mobile crane, gantry crane and others have been included in this study.
Product Definition:
Cranes spare parts are the replacement parts of a crane. They can be used to maintain or repair the crane. The importance of cranes spare parts is that they allow the crane to continue functioning properly, which is necessary for completing tasks such as lifting heavy objects.
Online Channel:
Online channel is a virtual marketplace where buyers and sellers come together to make a transaction. It helps both the parties in saving time and money. The main aim of online channels is to provide ease of transactions, quick service, increased safety for both buyer & seller along with better customer services at minimal costs.
Offline Channel:
Offline channel is a traditional distribution channel that involves selling products directly to customers from the manufacturer. In this offline channel, the companies sell their products through stores owned by them or operated by third parties. The major advantage of offline channels is that they allow companies to create a personal connection with customers and build trust.
The major disadvantage of this method is that it takes time for marketing messages to get across.
Application Insights:
The others application segment accounted for the largest share of more than 40.0% in 2017. The segment includes rescue, recovery and maintenance spares parts demand. Demand for these parts is generally higher in tower cranes, mobile cranes and gantry cranes as compared to other types of cranes. This is due to the high usage rate of these equipment across various industries such as construction, mining and energy among others which require heavy-duty machinery with maximum capacity utilization over a longer period of time.
Tower crane was the largest revenue generating application in 2017 owing to increased demand from oil & gas companies for moving large objects at height for purposes such as drilling exploration etcetera.
Regional Analysis:
Asia Pacific dominated the global Cranes Spare Parts Market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing construction activities in emerging economies such as China and India owing to growing urbanization and rising disposable income of consumers, which will drive demand for cranes across various applications. Furthermore, government initiatives encouraging private investments are likely to boost construction output over the coming years, thereby driving spare parts demand further.
The Asia Pacific market was followed by Europe with a share of 24%. The growth can be attributed to high manufacturing volume of tower cranes that have been gaining popularity across industries due their enhanced performance compared to other types of mobile cranes used for industrial applications such as material handling or assembly line production processes.
Growth Factors:
- Increasing demand for cranes in the construction and infrastructure sectors
- Growing popularity of cranes as a preferred lifting equipment in various industrial applications
- Rising adoption of technologically advanced cranes for efficient material handling operations
- Proliferation of rental crane services to meet the rising demand from end-users
- Growing awareness about the benefits of crane spare parts among businesses operating these equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Cranes Spare Parts Market Research Report
By Type
Online Channel, Offline Channel
By Application
Tower Crane, Mobile Crane, Gantry Crane, Others
By Companies
XCMG, Liebherr, Manitowoc, Zoomlion, SANY, Terex, Comansa, FAVCO, SCM, Fangyuan Group, Saez, Wolffkran, HKTC, Jost, Jaso, Raimondi, FM Gru
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Cranes Spare Parts Market Report Segments:
The global Cranes Spare Parts market is segmented on the basis of:
Types
Online Channel, Offline Channel
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
Tower Crane, Mobile Crane, Gantry Crane, Others
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:
- XCMG
- Liebherr
- Manitowoc
- Zoomlion
- SANY
- Terex
- Comansa
- FAVCO
- SCM
- Fangyuan Group
- Saez
- Wolffkran
- HKTC
- Jost
- Jaso
- Raimondi
- FM Gru
Highlights of The Cranes Spare Parts 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:
- Online Channel
- Offline Channel
- By Application:
- Tower Crane
- Mobile Crane
- Gantry Crane
- Others
- 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 Cranes Spare Parts 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Cranes spare parts are the components that are not essential to the function of a crane, but are necessary for its maintenance and operation. These parts can include bearings, gears, shafts, and other mechanical components.
Some of the major players in the cranes spare parts market are XCMG, Liebherr, Manitowoc, Zoomlion, SANY, Terex, Comansa, FAVCO, SCM, Fangyuan Group, Saez, Wolffkran, HKTC, Jost, Jaso, Raimondi, FM Gru.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cranes Spare Parts 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 Cranes Spare Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cranes Spare Parts 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 Cranes Spare Parts 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 Cranes Spare Parts Market Size & Forecast, 2018-2028
4.5.1 Cranes Spare Parts Market Size and Y-o-Y Growth
4.5.2 Cranes Spare Parts Market Absolute $ Opportunity
Chapter 5 Global Cranes Spare Parts 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 Cranes Spare Parts Market Size Forecast by Type
5.2.1 Online Channel
5.2.2 Offline Channel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cranes Spare Parts 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 Cranes Spare Parts Market Size Forecast by Applications
6.2.1 Tower Crane
6.2.2 Mobile Crane
6.2.3 Gantry Crane
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cranes Spare Parts 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 Cranes Spare Parts 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 Cranes Spare Parts Analysis and Forecast
9.1 Introduction
9.2 North America Cranes Spare Parts 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 Cranes Spare Parts Market Size Forecast by Type
9.6.1 Online Channel
9.6.2 Offline Channel
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 Cranes Spare Parts Market Size Forecast by Applications
9.10.1 Tower Crane
9.10.2 Mobile Crane
9.10.3 Gantry Crane
9.10.4 Others
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 Cranes Spare Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Cranes Spare Parts 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 Cranes Spare Parts Market Size Forecast by Type
10.6.1 Online Channel
10.6.2 Offline Channel
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 Cranes Spare Parts Market Size Forecast by Applications
10.10.1 Tower Crane
10.10.2 Mobile Crane
10.10.3 Gantry Crane
10.10.4 Others
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 Cranes Spare Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cranes Spare Parts 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 Cranes Spare Parts Market Size Forecast by Type
11.6.1 Online Channel
11.6.2 Offline Channel
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 Cranes Spare Parts Market Size Forecast by Applications
11.10.1 Tower Crane
11.10.2 Mobile Crane
11.10.3 Gantry Crane
11.10.4 Others
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 Cranes Spare Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Cranes Spare Parts 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 Cranes Spare Parts Market Size Forecast by Type
12.6.1 Online Channel
12.6.2 Offline Channel
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 Cranes Spare Parts Market Size Forecast by Applications
12.10.1 Tower Crane
12.10.2 Mobile Crane
12.10.3 Gantry Crane
12.10.4 Others
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) Cranes Spare Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cranes Spare Parts 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) Cranes Spare Parts Market Size Forecast by Type
13.6.1 Online Channel
13.6.2 Offline Channel
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) Cranes Spare Parts Market Size Forecast by Applications
13.10.1 Tower Crane
13.10.2 Mobile Crane
13.10.3 Gantry Crane
13.10.4 Others
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 Cranes Spare Parts Market: Competitive Dashboard
14.2 Global Cranes Spare Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 XCMG
14.3.2 Liebherr
14.3.3 Manitowoc
14.3.4 Zoomlion
14.3.5 SANY
14.3.6 Terex
14.3.7 Comansa
14.3.8 FAVCO
14.3.9 SCM
14.3.10 Fangyuan Group
14.3.11 Saez
14.3.12 Wolffkran
14.3.13 HKTC
14.3.14 Jost
14.3.15 Jaso
14.3.16 Raimondi
14.3.17 FM Gru
